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Strategic human resource management - Essay Example

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Human resources of a company are the most valuable and important assets.The terms Human resource management deals with a wide range and dimension of people. Human resources form the heart of every company…
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Download file to see previous pages Human resources of a company are the most valuable and important assets.The terms Human resource management deals with a wide range and dimension of people. Human resources form the heart of every company The various skills as well as the motivation of the individuals help each individual enhance their performance and together they work towards achieving the goals of the organization. Human resource management is a very crucial part of any business and the human resource managers play a crucial role in the overall success of the business as well (Armstrong). This paper aims at discussing the role of HR in strategic planning of an organization as well as how the human capital planning has an impact on the overall business planning. The next section will briefly deal with the strategic role of HR. Strategic Role of HR: Human Resources Management is one of complex nature and the skills of the people in the organizations are very different and varied. Hence due to complex nature of the skills and the people HR is more a strategic function than anything else (Carlie). The strategic planning of an organization depends on the Human Resources Management to a great extent, as HRM plays an important role throughout the life span of an employee in the organization, including recruitment, training, development and retention. It has been noted in the current times that the role of the HR is more strategic in nature than the traditional approach. There are mainly two areas that the HR tends to follow, i.e. the overall performance of the company and the role of the HR in terms of solving and resolving the business problems. Hr focuses more so on the overall issues and performance of the company than the performance of individuals and the individual roles (Noe, Hollenbeck and Gerhart). With the intense levels of competition, strategic human resource management involves management of available resources both for short as well as long term goals of the organisation. Business strategy has been defined as game plan of the management and business strategies have been recognised to be the main source that allows better usage of all resources within the business. In the current time where competition is at its peak, it is clear that every business wishes to use all of its resources to the maximum and to benefit the most of all the resources (Carlie). Strategically using the resources to gain optimum utilisation of the resources is referred to as strategic human resource management. It is crucial that these strategies are in sync with the overall business strategy to create a well balanced business including all aspects like finance and marketing. Importance of HR: Effective human resources management is an important element of business in the current time. The success or failure of a business can clearly be based on the competencies and the attitudes of the human resources of a company and it is now becoming imperative for businesses to attract, retain and also nurture good talent (Noe, Hollenbeck and Gerhart). Currently the boundaries of human resources are clearly being defined by innovativeness and proactive. It is now evident that the success of a business is more so based on the human resources rather than simply wealthy physical resources. The quality of the human resources has become a major element for the overall success of the businesses and also the nation as well. With the intensive growth of technology and the high levels of globalization, it is clear that the businesses are now more knowledge and information based, service oriented, customer centric and competitive. Success of any business is clearly dependent on the level of dynamics of the business and it is here that the human resourc ...Download file to see next pagesRead More
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