We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Strategic HRM - Essay Example

Comments (0) Cite this document
Strategic HRM Mass retrenchment of employment was in news due to the prevailing recession, financial crisis and economic downturn in US and various parts of Europe such as UK. Generally in such situations employees are viewed as commodity, like the other resources in the business…
Download full paperFile format: .doc, available for editing
Polish This Essay94.6% of users find it useful
Strategic HRM
Read TextPreview

Extract of sample
"Strategic HRM"

Download file to see previous pages Only 6 percent of the employers have experienced growth during this time. In order to understand the utility of strategic human resource management in the organizations, this study aims to discuss the issues of unemployment during the economic downturn and recession that recently shook the international economy. The effect of the global economic downturn includes insolvency, bankruptcy, and declining revenue of the employers, decreasing purchasing power of the people, and most importantly unemployment, downsizing. The intention is to analyze every dimension of effect of recession on the human resources, so that the implications of strategic human resource management in global financial crisis can be understood. The second part of the study would discuss the strategic moves that the employers and human resource department of the organization can take in order to manage the human resource in the organization because downsizing is not the solution to reduce cost, but it decreases the pool of skilled workforce in the firm, which affects the company negatively (Galinsky, and Bond, 2009, p. 1-2). The latest data that is available from the Office of National Statistics (ONS) reveals that the employment of 460,000 people has decreased in UK since recession of 2008. The major portion of these employees is full time workers, but after recession the level of part-time employees has risen compared to the full time employees. This reason is obvious; the companies want to hire those whom they have to pay less. The full times employees had to be paid salary according to the labour policies, and also have to provide the other facilities which a full time employee is liable to get. So it can be depicted that the human resource strategy when most of the employers in UK and other parts of the world applied was rigorous downsizing, which resulted in mass unemployment (Philpott, 2012, p. 2). Any person is regarded as unemployed if that individual is out of work and is badly in a need of work to earn his/ her living. The figures of unemployment are calculated by the Office of National Statistics. During recession this organization survey after an interval of three months in order to capture the true status of job loss and unemployment. As soon as the recession surface, the rate of employment reduced considerably within few months. About 1.6 million job cuts were seen in the first few months of recession. During the end of 2009, the job cuts peaked to 2.5 million, which was the highest till then in the history of UK. However, in 2011 it further increased to 2.7 million, which was the highest unemployment level in UK in 17 years. Even the unemployment rate of women in the affected economies increased considerably. IN 2012, the first deduction in unemployment level was seen, which a positive signal (BBC News, 2012). If the output cost due to unemployment during recession is evaluated, it would be seen that the worth of the output decreased because of the rising level of unemployment. Considering about 2.67 million job cut in 2011, it can be said that the economy of the country lost about ?129 billion of the output, due to increasing level of unemployment. However, this loss was not the result of the unemployment of all of these unemployed people in UK because about 1.6 million people were already unemployed before recession. Recession added to the existing rate of employment. This amounted to about ?132 billion, which is about 9.4 percent of the GDP of UK in 2011. It goes without ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Strategic HRM Essay Example | Topics and Well Written Essays - 3000 words”, n.d.)
Strategic HRM Essay Example | Topics and Well Written Essays - 3000 words. Retrieved from https://studentshare.org/management/1402379-strategic-hrm
(Strategic HRM Essay Example | Topics and Well Written Essays - 3000 Words)
Strategic HRM Essay Example | Topics and Well Written Essays - 3000 Words. https://studentshare.org/management/1402379-strategic-hrm.
“Strategic HRM Essay Example | Topics and Well Written Essays - 3000 Words”, n.d. https://studentshare.org/management/1402379-strategic-hrm.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
Strategic HRM
III. Overview of Wal-Mart Company IV. Review of Wal-Mart Business Strategy V. Proposed Wal-Mart Business and Human Resource Strategy VI. Implementation Plan VII. Issues Pertaining Implementation of New Strategies VIII. Conclusion IX. Reference Introduction For the purpose of the analogy, the game in the business can be likened to that in sports.
15 Pages(3750 words)Essay
Strategic HRM Approach
There is a major distinction between human resource management (HRM) and traditional personnel management. Recently, many companies have made it a focus in HRM to observe a strategic approach due to the numerous competitive advantages that it gives them
7 Pages(1750 words)Essay
Personel Management VS Strategic HRM at google
Google Inc. is known in the world today for the adoption of a successful SHRM, which has boosted its productivity. In 2008, people in Britain voted Google as the best company to work for. The company management emphasized that Google’s effectiveness depends on the commitment of the management to ensure continued employee motivation, as well as employee retention (Girad 2009).
3 Pages(750 words)Essay
Differeng approaches to Strategic HRM
This field draws its foundation from both social and behavioural sciences. Practitioners of organisational development base their study on humanistic method to delivery of sustainable performance and organisational change management. Organisation Development (OD) enables organisations to provide sustainable performance or improvements by using people.
8 Pages(2000 words)Essay
Strategic HRM
Strategic thinking is based on rational decision-making ,taking into account the competitive and financial pressures on modeling the present situation and the resources available to it, including its people. Personnel management was essentially reactive whereas HRM exemplified by HR strategy is proactive and takes a longer perspective.
2 Pages(500 words)Essay
Strategic HRM
resh food and in-store prepared and finished goods including old fashioned scratch baking, in-store butchery, fishmongery and preparation of salads for its salad bars and cooked meals for the consumer to take home. ASDA markets its own brand of ASDA food products. In addition,
10 Pages(2500 words)Essay
Strategic HRM
26). The objectives of a business are strategic and administrative, and both of them lead to the success of the business hence their respective definition is necessary for the competitiveness of a firm. Strategic management of human resource refers to a linkage
10 Pages(2500 words)Essay
Short Report: Strategic HRM avoiding redundancy
As the replaced employees will have much better skills acquired through their experience than the new employees. The organizations avoid compulsory
8 Pages(2000 words)Essay
Strategic HRM
Strategic HRM is a concept developed on the basis of three main principles. The first principle states that human capital in an organization is a major source of competitive advantage creation. The second
10 Pages(2500 words)Essay
Strategic HRM
However, existing research supports best-fit SHRM as having greater contribution in enhancing organisational performance as recorded in aspects such as employee productivity and organisational profitability. The foregoing essay critically assesses the implications of this
12 Pages(3000 words)Essay
Let us find you another Essay on topic Strategic HRM for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us