A strategic approach to human resource management (HRM)

IntroductionIt is astray acknowledged and accepted in business that the sources of keep competitive advantage lie not only in access to finance or capital, but inwardly the organisation, in people and processes capable of delivering business strategies such as guest satisfaction or rapid innovation. (Lundy, 1994). A strategic get out to kind election management (HRM) ensures that a tense?s compassionate capital contributes to the achievement of its business objectives. several(a) authoritative writers suffer expressed differing opinions on the importance of employees as a direct influence on an organisations competitive advantage. Although no firm agreement has been reached, it is generally accepted that the use of strategic gentle resource management (SHRM), (i.e. proactively changing and implementing a series of versed HR policies to ensure effective contribution from a firms human capital to the achievement of business objectives), is relevant within HR intensiv e firms. 2 Perspectives on HRM Strategic human resource management is often utilise as the fundamental manikin for the investigation of human resource strategy and its relation to the organisations performance. trio main theories have been focused on by the decease writers on the subject. These ar the universalistic, resource- ground and configurational perspectives of HRM. Briefly these be: 2.1 universalist theory Universalistic perspective is the simplest and most widely used model in literature.

Basically, the follower of the universalistic sentiment seeks to impart ?best practices?. That is, they believ e some HR practices are continuously better! than others and that firms adopting these practices will experience an improved performance. seven-spot practices have been identified as ?best?. These are: sincere upcountry career opportunities Formal training systems Results and behavior based appraisals shekels sharing plans Strong employment security interpreter mechanisms, e.g. betrothal in decision making Tightly delineate jobs A number of authors have spoken in have a bun in the oven of this theory. Leonard (1990) arrange that firms... If you want to get a full essay, consecrate it on our website: OrderCustomPaper.com

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