Strategic Human Resource Management
What is Strategic Human Resource Management?
ü
Performance management:
establishing procedures to monitor and enhance employee performance.
ü
Training and development:
identifying the training and resources that people need to advance their
careers.
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Compensation and benefits:
creating benefits and compensation plans that will attract and keep employees.
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Employee relations:
Managing employee relations to create a positive work environment.
These are just a few examples of the types of programs and policies that can be included in SHRM. Specific programs and policies depend on company goals and employee needs.
Why Strategic Human Resources Is Important?
SHRM is important because it helps companies reach their
goals. By aligning HR programs and policies with an organization's business
strategy, SHRM helps organizations improve employee performance, develop their
workforce, and create a positive work environment. HRM also helps businesses
save money by reducing Labour turnover and increasing productivity.
ü
Improve employee
performance: SHRM helps organizations improve employee performance by creating
systems to track and improve performance.
ü
Develop the workforce: SHRM
can help organizations develop their workforce by identifying their development
needs and providing training and resources that help them improve.
ü
Create a positive work
environment: SHRM helps organizations create a positive work environment by
managing employee relationships.
ü
Reduce Labour turnover:
SHRM helps companies reduce labour turnover by designing compensation and
benefits programs that attract and retain employees.
ü Improve productivity: SHRM helps companies increase productivity by improving employee performance and creating a positive work environment.
Below are some objectives of the SHRM.
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Recruitment: Choose the
best candidates for the job.
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Retention: Confirm that
trustworthy staff stay with the organization.
Ø
Development: Provide
training and career advancement opportunities so employees can grow within the
organization.
Ø
Compensation: Pay employees
fairly based on their skills and experience level.
Ø
Engagement: Make employees
feel like their opinions matter by including them in decision-making processes.
Why is it important to have a human resources strategy in place?
Your HR strategy is important for determining how HR
processes work within your organization and ensuring that they are aligned with
your organization's goals. HR practices can increase employee productivity,
have a positive impact on employee learning, and improve the overall
performance of an organization.
A good human resources strategy can
·
Improve employee-supervisor
relationships.
·
Accelerate the
implementation of HR policies.
·
Create an environment that
supports your company's culture and promotes solid workplace ethics.
·
Encourage equal treatment
and cooperation among team members regardless of age, gender, or background.
· Reduce staff turnover through enhancing employee loyalty.
For more information purpose refer to the below youtube video presentation.
Pl
Conclusion
Incorporating strategic human resource management into your
overall business strategy helps create a productive environment, but it also
helps in other important aspects such as employee retention.
When HR successfully develops an effective strategy, it adds
value to the organization.
Take the time to create a talent management strategy. Good
planning creates streamlined processes that are easy to follow.
Reference.
Bla Bla Writing. (2016). Why Strategic Human Resource Management (SHRM) is so important? | Blablawriting.com. [online] Available at: https://blablawriting.net/why-strategic-human-resource-management-shrm-is-so-important-essay [Accessed 15 Apr. 2023].
CIPD and Gifford, J. (2021). Strategic Human Resource Management | Factsheets | CIPD. [online] CIPD. Available at: https://www.cipd.co.uk/knowledge/strategy/hr/strategic-hrm-factsheet.
Fechter, J. (2021). What is Strategic Human Resource Management? - HR University. HR University. [online] 18 Dec. Available at: https://hr.university/shrm/strategic-human-resource-management/.
Fechter, J. (2023). What is Strategic Human Resource Management? - HR University. HR University. [online] 1 Feb. Available at: https://hr.university/shrm/strategic-human-resource-
Haan, K. (2023). Strategic Human Resource Management Guide – Forbes Advisor. [online] www.forbes.com. Available at: https://www.forbes.com/advisor/business/strategic-human-resource-management/.
Haque, F. (2017). Importance of Strategic Human Resource Management. [online] The Strategy Watch. Available at: https://www.thestrategywatch.com/importance-strategic-human-resource-management/.
Grover, A. (2022). Strategic Human Resource Management: What is it and how can it benefit your organization? [online] Workstatus. Available at: https://www.workstatus.io/blog/strategic-human-resource-management/ [Accessed 15 Apr. 2023].
management/#:~:text=Strategic%20human%20resource%20management%20is%20a%20process%20that,past%2C%20strategic%20HR%20management%20was%20an%20administrative%20function [Accessed 15 Apr. 2023].
Vulpen, E. van (2019). Strategic Human Resource Management: The Basics. [online] AIHR. Available at: https://www.aihr.com/blog/strategic-human-resource-management/.
www.youtube.com. (n.d.). What is Strategic Human Resource Management? [online] Available at: https://www.youtube.com/watch?time_continue=9&v=2A_YrAVJukI&embeds_euri=https%3A%2F%2Fhr.university%2F&source_ve_path=MjM4NTE&feature=emb_title [Accessed 15 Apr. 2023].
www.youtube.com. (n.d.). What is Strategic Human Resource Management? [online] Available at: https://www.youtube.com/watch?time_continue=9&v=2A_YrAVJukI&embeds_euri=https%3A%2F%2Fhr.university%2F&source_ve_path=MjM4NTE&feature=emb_title [Accessed 15 Apr. 2023].
Lasitha Jayashantha Sandaruwan
The literature review presented in this article is informative and relevant to the topic of strategic human resource management (SHRM). The author has done a commendable job of summarizing key concepts and ideas from various sources and presenting them in a concise and easy-to-understand manner. The review offers readers a good overview of the current state of knowledge on SHRM, and highlights the importance of aligning HR practices with organizational strategies.
ReplyDeleteThank you for your kind words. I am glad that you found the literature review informative and relevant. I believe that it is important to synthesize research from a variety of sources in order to provide readers with a comprehensive understanding of a topic. In this case, I was able to identify key concepts and ideas from a variety of sources, including academic journals, practitioner publications, and government reports. I then summarized these concepts and ideas in a concise and easy-to-understand manner. I believe that this approach provides readers with a good overview of the current state of knowledge on SHRM, and highlights the importance of aligning HR practices with organizational strategies.
DeleteI am always happy to help people learn more about human resource management. If you have any other questions, please do not hesitate to ask.
This blog is very informative and useful for any person who wants to know about SHRM. It very clearly explains how Incorporating strategic human resource management into your overall business strategy helps create a productive environment.
ReplyDeleteThank you very Much your valuable comment
DeleteGood work. Unlike those days, HRM is now part and partial of business management strategies. Your article is a good example to that. What is the impact of SHRM to long term stability of a service-oriented organization?
ReplyDeleteStrategic human resource management (SHRM) is a holistic approach to human resource management that takes into account the organization's strategic goals and objectives. SHRM focuses on aligning HR practices with the organization's strategy in order to achieve its long-term goals.
DeleteSHRM has a number of benefits for service-oriented organizations, including:
Improved employee satisfaction and engagement: SHRM can help to improve employee satisfaction and engagement by aligning HR practices with the organization's values and culture. This can lead to increased productivity, creativity, and innovation.
Reduced turnover: SHRM can help to reduce turnover by providing employees with the resources and support they need to be successful in their roles. This can lead to a more stable workforce and reduced costs associated with hiring and training new employees.
Improved customer service: SHRM can help to improve customer service by providing employees with the tools and training they need to provide excellent customer service. This can lead to increased customer satisfaction and loyalty.
Increased profitability: SHRM can help to increase profitability by improving employee productivity, reducing turnover, and improving customer service. This can lead to a more successful organization in the long run.
Overall, SHRM can have a significant impact on the long-term stability of a service-oriented organization. By aligning HR practices with the organization's strategy, SHRM can help to improve employee satisfaction, engagement, and productivity. This can lead to reduced turnover, improved customer service, and increased profitability.
This blog provides a clear overview of Strategic Human Resource Management (SHRM) and its importance for organizations. SHRM involves aligning HR policies and practices with the organization's goals and strategies to improve employee performance, workforce development, and create a positive work environment. The objectives of SHRM include recruitment, retention, development, compensation, and engagement of employees. Having a well-planned HR strategy can benefit organizations in many ways, such as improving employee-supervisor relationships, promoting workplace ethics, and reducing staff turnover. Overall, this blog emphasizes the importance of SHRM in enhancing the value of an organization. Great article!
ReplyDeleteThank you for your feedback. I am glad that you found the blog informative and helpful. I agree that SHRM is an important part of any organization's success. By aligning HR policies and practices with the organization's goals and strategies, organizations can improve employee performance, workforce development, and create a positive work environment. This can lead to a number of benefits for organizations, including improved employee-supervisor relationships, promoted workplace ethics, and reduced staff turnover. Overall, SHRM is an important tool that organizations can use to enhance their value.
DeleteThis blog provides a clear overview of Strategic Human Resource Management (SHRM) and its importance for organizations. SHRM involves aligning HR policies and practices with the organization's goals and strategies to improve employee performance, workforce development, and create a positive work environment. The objectives of SHRM include recruitment, retention, development, compensation, and engagement of employees. Having a well-planned HR strategy can benefit organizations in many ways, such as improving employee-supervisor relationships, promoting workplace ethics, and reducing staff turnover. Overall, this blog emphasizes the importance of SHRM in enhancing the value of an organization. Great article!
ReplyDeleteThank you very much your valuable comment
DeleteThis is good article. It’s good for the include disadvantage of SHRM also,
ReplyDeletedisadvantages of SHRM:
1. Time-consuming and expensive: Implementing SHRM necessitates a major time and money commitment. Smaller firms or those with tighter funds may find this difficult.
2. Resistance to change: HR practices and policies frequently undergo considerable changes as a result of SHRM. These changes may be met with resistance from the workforce, which can weaken morale.
3. Difficulty in assessing results: In the short term, it can be challenging to gauge the success of SHRM programs. Due to this, it may be challenging to convince stakeholders of SHRM's worth.
4. Lack of flexibility: Because SHRM promotes a long-term outlook, it may make it more difficult for an organization to adapt to sudden changes in the business environment.
5. An excessive focus on metrics: In some instances, SHRM may promote an excessive focus on metrics and the use of quantitative data to gauge the success of HR initiatives. This could result in a focus on short-term objectives and a disregard for qualitative elements that are crucial for employee satisfaction and well-being.
Overall, while there are some disadvantages to Strategic Human Resource Management, the benefits of aligning HR practices and policies with the organization’s strategic goals and objectives can lead to a more effective and successful organization.
Indeed, an overview of strategic human resource management (SHRM) and its importance in aligning HR programs and policies with an organization's business strategy is essential. SHRM helps improve employee performance, develop the workforce, create a positive work environment, and reduce labor turnover. The objectives of SHRM include recruitment, retention, development, compensation, and engagement. Having an HR strategy is important to ensure that HR processes are aligned with organizational goals and can improve employee productivity, learning and performance. A good HR strategy can also improve employee-supervisor relationships, accelerate policy implementation, promote workplace ethics, encourage equal treatment, and reduce staff turnover.
ReplyDeleteI agree. Strategic human resource management (SHRM) is a critical component of any organization's success. By aligning HR programs and policies with the organization's business strategy, SHRM can help to improve employee performance, develop the workforce, create a positive work environment, and reduce labor turnover.
DeleteThere are a number of benefits to having an HR strategy. First, it can help to ensure that HR processes are aligned with organizational goals. This can lead to improved employee productivity, learning, and performance. Second, a good HR strategy can improve employee-supervisor relationships. This can lead to a more positive and productive work environment. Third, a good HR strategy can accelerate policy implementation. This can help to ensure that the organization is in compliance with all applicable laws and regulations. Fourth, a good HR strategy can promote workplace ethics. This can help to create a more positive and productive work environment. Fifth, a good HR strategy can encourage equal treatment. This can help to create a more inclusive and diverse workplace. Sixth, a good HR strategy can reduce staff turnover. This can save the organization money in the long run.
Overall, SHRM is an important tool that organizations can use to improve their performance and achieve their goals.