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

Human Resource Management has evolved significantly over recent decades with an increasing emphasis on contributing to business - Assignment Example

Comments (0) Cite this document
Different approaches to strategic human resource management Executive Summary Human Resource Management has evolved significantly over recent decades with an increasing emphasis on contributing to business goals and achieving a competitive advantage through a more strategic approach…
Download full paperFile format: .doc, available for editing
Polish This Essay95.6% of users find it useful
Human Resource Management has evolved significantly over recent decades with an increasing emphasis on contributing to business
Read TextPreview

Extract of sample
"Human Resource Management has evolved significantly over recent decades with an increasing emphasis on contributing to business"

Download file to see previous pages The introduction of globalization and the subsequent growth of cross cultural business made a further name change in the employee management department. Now, instead of HRM, Strategic HRM is prominent in the organizational world. Employees are the backbone of any organization. Even though an organization has many other resources, human resources are the most important ones. All the other organizational resources such as machines, money and materials, need the supervision from human resources for proper utilization or mobilization. This paper evaluates different approaches in strategic human resource management (SHRM) and describes the positioning of SHRM in contemporary context. Introduction According to Bratton & Gold (2012), “Labour is not a commodity. It is people in work organizations who sets overall strategies and goals, design work systems, produce goods and services, monitor quality, allocate financial resources and market the product and services” (p.8). Even though an organization has many internal and external resources, none of them has the ability to act independently except the human resources. In other words, all the organizational resources can be mobilized properly only under the control of human resources. There is nothing wrong in saying that HR can make or break an organization. Boddy (2008) defines Human Resource Management (HRM) as “the effective use of human resources in order to enhance organizational performance” (p.354). Because of globalization, majority of the prominent companies are currently operating cross culturally. Outsourcing and offshoring like modern business principles were evolved out as a result of globalization. Exploitation of cheap labor is vital for an organization for staying competitive in the market. Moreover, diverse workforce is common in most of the modern organizations. Management of diverse workforce necessitates restructuring or modifications of many of the existing HRM principles. Instead of HRM, SHRM is common in most of the modern organizations. According to Bratton (N.d.), “Strategic human resource management is the process of linking the human resource function with the strategic objectives of the organization in order to improve performance”(p.37). The ability to stay competitive determines the success and failures of modern organizations. The way of doing business in the past and present are entirely different. SHRM helps organizations to formulate strategies suitable for the changing principles in the organizational world. Different approaches and models are prevailing in the organizational world with respect to the implementation of SHRM. Different approaches in strategic human resource management (SHRM) According to Bratton (N.d.), “Strategic HRM’ is an outcome: ‘as organizational systems designed to achieve sustainable competitive advantage through people’” (p.46). For example, plenty of American companies are currently struggling in international market, not because of the poor quality of the products they produced, but because of the huge price of these products compared to the prices of products from competitors. It should not be forgotten that America is a country in which manpower cost is extremely high. On the other hand, China and India are countries in which manpower cost is extremely low. Nobody has any doubt about the technological dominance of American companies. However, expensive labor preventing American companies from competing effectively in the global market. Currently, ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Human Resource Management has evolved significantly over recent Assignment”, n.d.)
Human Resource Management has evolved significantly over recent Assignment. Retrieved from https://studentshare.org/management/1470469-human-resource-management-has-evolved
(Human Resource Management Has Evolved Significantly over Recent Assignment)
Human Resource Management Has Evolved Significantly over Recent Assignment. https://studentshare.org/management/1470469-human-resource-management-has-evolved.
“Human Resource Management Has Evolved Significantly over Recent Assignment”, n.d. https://studentshare.org/management/1470469-human-resource-management-has-evolved.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
The best talent of the world is attracted by Google due to its prestigious brand image, but it is also necessary to retain that talent. Google does that by ensuring big compensation. The primary business of Google is to attract finest technical geeks who assist Google for the creating an innovative and creative culture, develop and train them to work for longer period of time and retain them in order to make an impact on the bottom line of the business.
9 Pages(2250 words)Assignment
Human resource management
The purpose of this is to create a competitive advantage (Storey, 2007). For example, working in a retail firm, I noticed that teams always contained at least one male and one female, and never contained only people of a single ethnicity. In a workplace that was predominantly white, this must have taken considerable planning.
6 Pages(1500 words)Assignment
Strategic Human Resource Management
This function deals with issues of staff management, particularly – over hiring, compensation and performance supervision (Goeldner & Ritchie, 2009 p. 89). Other roles of the function include safety wellness, development of the organization, employee motivation, communication, benefits, training and the administration of the functions of the human resources capital available at the organization.
12 Pages(3000 words)Assignment
Human Resource Management
The HR department is responsible for making the most influential decisions which affect the welfare of an organization. HRM actually started to evolve from the industrial revolution. The HRM is considered as a field of study and an organizational function which is constantly expanding.
12 Pages(3000 words)Assignment
Over Recent Decades, Developments in Company Law and Financial Reporting Standards Have Impacted Significantly on the Reporting
Accounting standards for financial reporting are set by the government or by the regulatory authorities. These standards are created to bring uniformity in accounting policies. Financial reporting is used to measure the growth, performance and position of various companies for a particular country in a same parameter (Accounting Standards, n.d., p.1).
5 Pages(1250 words)Assignment
International Human Resource Management
With the advancement of information technology, the firms are able operate much more efficiently across boundaries. Such developments have also brought the importance of human resources in focus of the management. The objective of the human resource management is to help in appropriate deployment of the human resources of an organisation so that the culture of the company can be maintained not only at the national level but also at the global level.
10 Pages(2500 words)Assignment
Human Resource Management Functions
With these revolutions the focus shifted from how "get things done through people" to "getting people do things" for the company's utmost benefit. This signals an alteration of the management perception of the human resource. Nowadays, there is a global recognition of the crucial role played by employees in attaining the goals of an organization as well as responsibility of management to harness the full potential of its workforce.
5 Pages(1250 words)Assignment
Human Resource Management Assignment
the customers. For any commercial organization it is then a people versus people equation for its survival. Unlike other resources which an organization deploys people or its staff are live resources that think, have feelings, aspirations, motives and emotions which get nurtured, developed ,frustrated or stunted every now and then.
16 Pages(4000 words)Assignment
International Human Resource Management
Multinational corporations have spread their tentacles across diverse global locations and the continuously broadening global playing field has dire implications for the future of these multinational corporations’ competitiveness (Hannon 1997,
8 Pages(2000 words)Assignment
Management of Human Resource
This may help in ensuring success of the company within an industry. HRM may also help in monitoring employee performance and evaluating them
1 Pages(250 words)Assignment
Let us find you another Assignment on topic Human Resource Management has evolved significantly over recent decades with an increasing emphasis on contributing to business 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