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Strategic Human Resource Management

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strategic management

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Strategic Human Resource Management ContentsIntroduction................................................................................................................ 3Task 1: Human resource management strategy.........................................................31.1 Importance of strategic human resource management in organizations..............31.2 The purpose of strategic human resource management activities in an organization................................................................................................................ 51.3 The contribution of strategic human resource management to achieve organizationa ob!ectives............................................................................................ "Task#2: Human $esource %anning..............................................................................&2.1 'usiness factors that underpin human resource panning in an organization......&2.2 (sses the human resource re)uirement in a given situation............................1*2.3 +eveoping a human resource pan for an organization.....................................122., -riticay evauate ho. a human resources pan can contribute to meeting an organization/s ob!ectives.......................................................................................... 133.1 %urpose of human resource management poicies in organizations...................153.2 The impact of reguatory re)uirements on human resource poicies in an organization.............................................................................................................. 10Task #3: $evie.ing human resource management...................................................10,.1 (naysis the impact of organizationa structure on the management of human resources.................................................................................................................. 10,.2 Impact of the organizationa cuture on the management of human resources. 11,.3 Ho. the e2ectiveness of human resource management is monitored in an organization.............................................................................................................. 1&,., 3usti4ed recommendations to improve the e2ectiveness of human resource management in an organization...............................................................................21-oncusion................................................................................................................ 22$eferences................................................................................................................ 22IntroductionHuman resource management involves the process of acquiring, training, appraising, andcompensating employees andmeeting their jobrelation, health andsafetyconcernof theemployee. Humanresourcemanagement isall about managinghumancapital. Thisprocessinvolves developing the ne recruited employees and retaining the e!isting employees of theorgani"ation. Maintaining equity and avoid discrimination is also an important tas# for a humanresource manager. This assignment is very much important for ne HR manager as ell as themanagerofae!pandingbusiness. Toe!pandtheoperationofbusinessoutsidethedomesticcountry manager should learn the environment of that place. $nderstanding the organi"ationalculture and structure is also important for the employee to easily cope up ith the organi"ation.%esigningHRpractices firms overall cost strategyshouldbefolloedandcautious that itenhanced shareholders ealth that means profitability of the organi"ation. Tas# &' Human resource management strategy&.& Importance of strategic human resource management in organi"ations Strategichumanresourcemanagement istheprocedureofformulatingande!ecutinghumanresource policies and practices that helps to enhanced employee competence and attitudes thecompanyeagerlyants toachieve inits organi"ational plan. Instrategic humanresourcemanagement policy all the activities of Halo and (qua )orporation are targeted to organi"ationalgoals. Halo is a *orthern Ireland business angel netor# a joint initiative of the to companies.+rom the beginning of the activities Halo ants to be the mar#et leader of finance industry tocapture ide range of customer that,s hy for them recruiting, hiring, assigning them in differentdepartment and other activities are important to achieve organi"ational objectives. If they successreardis given. -ntheother hand(qua)orporationis privatelimitedcompanyhichisproduct oriented. It sells products hich are related to fluid control systems. (s a ne managerof HR for both of this company e need to understand the goals of the organi"ation and do or#accordingtoit.(rmstrongand(rmstrong, /000, StrategicHumanResourceManagement,p/012. To understand the goals of Halo it is clear to the employee to distribute the investmentproduct among customers on the other hand goal of (qua is to grab the international mar#et asits product mar#et demandis veryhigh. +or (quamanagement of international mar#et isimportant. +irst of all e need to understand the hierarchy of the organi"ation of Halo and (quacorporations. Thegoal is dispersedamongthehierarchyof theor#groupbut thesetocompanies are different in nature so the activities and scope of discussion ill be different. Topmanagement set the goals of the (qua )orporation.(rmstrong and (rmstrong, /0&&,(rmstrong,s Handboo# of Strategic Human Resource Management, p&132. Then the loer levelmanager set the strategy, or# processes, labors to achieve the smaller part of the goals say forspecific targeted sales volume. So in strategic management of (qua )orporation creates a chainof departmental goals from upper level to loer ran#ed managers or even employees. Some ofthe benefits of understanding strategic human resource management for both Halo business angelnetor# and (qua corporations are Helps to achieve goals and also for survival in domestic and international mar#et. Successful implementationof businessstrategyanddispersefinancial instruments ofHalo 4rovide competitive advantage for the company in the process of loan disbursement andproduct e!port for (qua. Increase company responsiveness to any difficult situations and encourage employees toinnovative and creative activities It increases the chance of analy"ing different feasible strategic option 4rovide top management effectively disperse responsibility among subordinates ( strong communication and cooperation beteen line and HRM managers. Strategic practices can boost firm achievements for (5$( and Halo )orporation hen they areinternally organi"ed ith one another to manage human resource in a ay that provides the firmopportunityof competitiveadvantage. Thiscancreatevalueforafirmhentheindividualpractices are aligned to develop critical resources or competencies .+orhad, /0062.&./ The purpose of strategic human resource management activities in an organi"ation %uetooverall economicdonardgrothgloballybusinesses faceproblems inmanaginghuman resources. In $7 this economic problem as too much severe. Halo also passes a toughtime in that time. *o it,s time to put focus on this matter of improving business performance. Itis very much important for firms to reduce the number of unproductive human resources andma#es the best uses of the remaining and ma#es them more s#illed and #noledgeable for Haloand (qua)orporation. +irmsneedcompetitiveadvantageindomesticandglobal mar#et forgroth and also for survival .Mi#e Mccormic#, /0&3, Ho HRM ensures economic groth andsurvival, 8online9 (vailable at' :http';;.strategic, Strategic Human Resource 4ractices and Innovation 4erformance' The MediatingRole of 7noledge Management )apacity, Strategic %irection, /38A92. The hiring managers thenselect, among the candidates ith the aid of a competency profiles .#noledge, s#ills, abilitiesand other attributes2 in this selection pool, those that ould add the highest value to the firm.Halo follos the same procedure in terms of managing HR in their company. "raining and #evelopment: It helps to finding out the ea#ness area of the current humanresourcepolicyandalsoemployeeshereimprovementisrequired.(lthoughHaloCusiness(ngel *etor#incorporatesinIrelandbutinvestmentsaremostlyoutsidefromit.Thisnepolicyill helptoselect thepropertrainingmethodanddevelopingthemforma#ingthems#illed and #noledgeable.$erformance %ppraisal:In case of evaluating employee performance strategic human resourcepolicy helps to appraise unbiased appraisal of an employee. Compensation !ystem: +irms can affect the motivation of employees in several ays. They canuse performance, International Cusiness, p&>02 .#ivisiononthe basis of race:noone shouldbe treatedonthe basis of race, ethnicity,nationality, color, religion etc. it is very harmful for the bonding of human resources. )onflictshould be eliminated. (nyone failed to comply these rules should face legal obstruction. .mploymentact:incaseofhiringemployeesandor#erse!istinglasshouldbefolloed.(bove mentioned discrimination that means in case recruiting no base ould be on the basis ofrace, color,nationalityetcisseen. Merit ouldbethefirst criterion. )hildlaborshouldbeprohibited bythe organi"ation. Indeveloping countrychild labor practice is seenamonghousehold or#ers .4earson, &>>?2.Tas# , International HumanResourceManagement, p&/>2 .Centrali,ation impact:centrali"ation of activities or management decisions can easilydisseminate information and tas# among groups. Cut sometimes it is too much lengthy or timeconsumingtota#edecisions fromtopmanagement onsmall matter. +or Faitrosedecisionma#ing poer is diversified in different location. That,s hy it ill be easy for the employeesand suppliers to ta#e decision promptly by considering e!isting environment. +or Faitrose theyhave tomaintaindiversifiedrelationships iththe farmer, consumer, supplier, governmentcontrolling agency. Bnvironmental agency and food and safety authority are very much concernabout grocery shops. So geographical location to sell products and collect as a good ithin adefinitetimeperiodisimportant. Sogeographical factorsshouldbeta#enintoconsideration.Sams Hert"", /0&3, -rgani"ational Structure (nd HRM,8online9 (vailable at'.businesslin#.gov.u# 8(ccessed >th May, /0&392. @./ Impact of the organi"ational culture on the management of human resources +or management to ma#e the employee the culture of the organi"ation understandable and for theemployee promptly learning organi"ational culture is very much essential to achieveorgani"ational objectives. It helps one to understand his job ell and perform according to that.-rgani"ational culture can be defined as the pattern of shared values, beliefs and assumptionsconsidering appropriate ay of thin#ing and acting ithin an organi"ation. +or management practices organi"ational culture is the #ey element.It represents the companythat,s hy sta#eholder of the organi"ation can easily understand about the company. Bmployeescan easily understand the or# environment in hich they have to e!pend most of their or#inghour. -rgani"ational cultureis theformof cognition, ideas andvalueof theorgani"ationsinternal behavior. elationship between culture and HM: it is the internal function of an organi"ation. HRMpracticesaredesignedaccordingtotheestablishedculture. Ineveryaspectsofmanagementdecision ma#ing implementation of culture is ensured so that it gives the firm an unique identityin the competitive mar#et as ell as employees ould be satisfied by thin#ing that they or# ina unique atmosphere . The Bconomist, /0&@2.If e analy"e the largest grocery Faitrose e can see the culture and values the company holds.Their aim is to disclose to the consumers from here their product comes from, ho it produced,farmers earnings, benefits etc. It,s all about long. 4rint.%ubois, %. ./00@2. Competency-based human resource management. 4alo (lto, )alif.' %avies?@2. Strategic human resource management. *e Qor#' Filey.Hundy, -live, and (. G )oling. Strategic Human Resource Management. Hondon' Routledge, &>>A. 4rint.Gilmore, S. and Filliams, S. ./00>2. Human resource management. -!ford' -!ford $niversity 4ress.Hill, ). .n.d.2. International business.7ramar, R. ./0&12. Ceyond strategic human resource management' is sustainable human resource management the ne!t approachD. he International !ournal of Human Resource Management, /3.?2, pp.&0A>.Hosey, M., Meisinger, S. and $lrich, %. ./0032. he future of human resource management. (le!andria, Ia.' Society for Human Resource Management.Mabey, )hristopher, and Graeme Salaman. Strategic Human Resource Management. -!ford' Clac#ell Cusiness, &>>3. 4rint.Mello, J. ./00/2. Strategic human resource management. (ustralia' South. 4rint.Messmer, M., Cogardus, (. and Isbell, ). ./00?2. Human resource management. Hobo#en, *J' John Filey M Sons.Mathis, Robert H, and John Harold Jac#son. Human Resource Management. Mason, -hio' Thomson;South>?. 4rint..HSC).com