Human Resource Management Strategy

In: Business and Management

Submitted By muhammadadilkhan
Words 2620
Pages 11
Table of Contents
Introduction 2
Human Resource Defined 3
Strategic HRM Elements 3
Strategic Planning 4
Strategy 4
Strategic HRM and Goals & Objectives 4
SHRM – A tool to achieve organization’s goals and objectives 6
Case Study 7
Company Information 7
Company background 7
Core strategic aims and values 7
Pest Analysis 8
Political Factors 8
Economic Factors 9
Social Factors 9
Technological Factors 9
Employee and human relations 10
Human Relations 10
Key Success Variables 10
Employee Relations 10
Key Success Variables 11
Global market value and competitive advantage 11
Internal & external customer satisfaction 11
Key Success Variables 12
Conclusion 12 List of Figures
Figure 1: Strategic Human Resource Management Model 6
Figure 2: Traditional HR versus Strategic HR 7
Figure 3: Pest Model 9 Introduction
In the current global business environment, the role of HR cannot be neglected. HR consideration is equally important as the knowledge economy expects from their workforce to share their contribution in building the structure of the ideas for the benefits of organization as a whole and at the same time support in compliance of its strategy. HR competent people working in an organization set the benchmark in value additions for the business activities that are undertaken in return to have the desired achievements of goals and objectives. Hence it has been pretty crucial to acquaint with the dynamic HR changes that are happening in an economy.

The effective HRM atmosphere is vital to ensure the rise in productivity, performance outcomes and modernization when it comes to analyzing all segments operating within an economy. The need to study HR and its ingredients is a hot issue as the role of HR is being demanded consistently with the span of time for the organizations operating locally or globally, therefore the rapid growth in the…...

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