StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Human Resource Management - Essay Example

Cite this document
Summary
Human Resource Management 1.1 Assessment of Strategic importance of current, future and anticipated Human Resource The aim of the strategic Human Resource planning is to ensure that right people having the right skill and knowledge are allocated to the right job…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER91.3% of users find it useful
Human Resource Management
Read Text Preview

Extract of sample "Human Resource Management"

Download file to see previous pages

The objective behind doing this is to keep the organization flexible so that it can adapt to the changes if the future takes any different route than the expected one. Strategic human resource planning analyses the current human resource trends of the organization, future environment of human resource in which the company will be operating and the external labour market and then forecasts the future human resource management that the organization needs (Scholes and Johnson, 2001). The main factor that differentiates between the operational and strategic planning are that strategic planning deals with analysis of the external human resource issue of the organization and then goes for developing the future scenario.

The strategic Human resource planning looks for finding the answer to the question like where the organization wants to be in future, under any given circumstances how the organization can reach its pre determined goal and lastly what set of skills are required to do this (Hernandez and O'Connor, 2009). Assessment of the current human resource capacity of the future is the first step in strategic human resource development based on the strategic plan of the organization. The skill, knowledge and ability of the present employees and staff of the organization must be identified properly.

This identification can be done by developing the skill inventory of each of the employees working in the organization. The skills inventory should be such that it is much more than the skill required for a particular position. The skills demonstrated by the employees should be listed; for instance ‘special skills’ may include volunteer and recreational activities demonstrated by the employees that are relevant to the organization. Apart from these the certificates, educational level and any additional training should also be included in the skill inventory.

Assessment of the employee’s performance can be reviewed to find whether the employee is ready and enthusiastic to take additional responsibilities and the current developmental plans of the employee (Dhar, 2008). Apart from looking at the current human resource capacity of the organization it is also important to look at the forecasted needs in human resource that are based on the strategic goals of the organization. Estimation of both supply and demand is an important part of the realistic human resource forecasting.

The questions that need to be answered while doing the forecasting are about the number of staff required in the organization, required skill sets in the employees and jobs that need to be full. While predicting the demand of human resource the challenges that might erupt while meeting the staffing needs based on the external environment must be assessed (Scholes and Johnson, 2001). Moreover in order to measure the external impact the factors that needs to be measured includes the current economic trends that may affect the work and the ability to attract new employees, the cultural and technological shifts that may affect the way the employees work and requirement of skilled labour, the changes that are occurring in the community or can change in future (London and Mone, 1988).

Identifying the current human resource capacity of the organization and forecasting the future, helps to recognise the gap that may be existing in the organization. This gap analysis helps in determining the future objective and goals of the organization and where the organization is placed. This analysis includes

...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Human Resource Management Essay Example | Topics and Well Written Essays - 4000 words”, n.d.)
Human Resource Management Essay Example | Topics and Well Written Essays - 4000 words. Retrieved from https://studentshare.org/management/1480257-human-resource-management
(Human Resource Management Essay Example | Topics and Well Written Essays - 4000 Words)
Human Resource Management Essay Example | Topics and Well Written Essays - 4000 Words. https://studentshare.org/management/1480257-human-resource-management.
“Human Resource Management Essay Example | Topics and Well Written Essays - 4000 Words”, n.d. https://studentshare.org/management/1480257-human-resource-management.
  • Cited: 0 times

CHECK THESE SAMPLES OF Human Resource Management

Strategic Human Resource Management

The author of this paper "Strategic Human Resource Management" comments on the organization called ASDA which is engaged in the operation of food, clothing, home and leisure superstores throughout the UK and property development.... nbsp; In this paper, we will evaluate the companies Strategic Human Resource Management policies.... The Human Resource Management or personnel function of ASDA covers a variety of activities.... The term 'Human Resource Management' has largely replaced the old-fashioned word 'personnel', which was used in the past....
11 Pages (2750 words) Research Paper

Strategic Human Resource Management

Human Resource Management (HRM) involves managing the activities of employees.... Sanchez-Runde, authors of New Forms of Organising through Human Resource Management: The Case of Fremap, suggest that Fremap is an excellent example of NFO.... In addition, they indicate that corporate culture and Human Resource Management played a significant role in the transformation of the company.... Pettigrew, professor of Strategy and Organisation in the Business School at Warwick University and Silvia Massini, lecturer of Economics and Technology management at the University of Manchester Institute of Science and Technology in the United Kingdom agree....
9 Pages (2250 words) Essay

Human Resource Management

This paper talks about Human Resource Management which is an important aspect of any organization.... In recognising wider responsibilities to a broad range of stakeholders – including partners, employees, clients, suppliers, community groups and opinion formers – CSR aims to permeate many levels of business activity – affecting corporate governance, employee relations, client relationships, environmental management, community involvement as well as many business operations, including Graduate Recruitment, Diversity and Facilities....
6 Pages (1500 words) Essay

International Human Resource Management

This paper "International Human Resource Management" discusses international Human Resource Management that has become increasingly important for global companies.... Throughout their existence, and more recently in current years, analysts from various fields such as management, business administration, Human Resource Management and those who study organizational behaviour have all given high accolades to GE (Fisher, 2006).... The approach used by the company fits the functionalist paradigm of HRM and is based on a humanistic approach to management....
7 Pages (1750 words) Case Study

Human Resource Management (COSTCO)

“Were a membership warehouse club, dedicated to bringing our members the best possible prices on quality brand-name merchandise.... ?? (Costco Asia Home) - This quoted statement as given by Costco Wholesale Japan, Inc and Costco Wholesale Corporation.... But is this sufficient to… Definitely not....
5 Pages (1250 words) Research Paper

International human resource management

However, the HRM efficiency is affected with several external International Human Resource Management Human Resource Management is a core in managing a business as it is reflected on the performance.... (2007) Human Resource Management: a contemporary approach.... Internal factors revolve around the workers, management and the control of the organisation.... Secondly, the organisation has to structure a form of management where the managers have effective control over the workers (Beardwell and Claydon, 2007:688)....
2 Pages (500 words) Essay

Strategic Human Resource Management

rom this discussion it is clear that performance related pay systems or rewards are a sort of incentives offered by the management to its employees in order to retain them for longer period of time.... This essay is mainly related with the strengths and weaknesses of performance related pay-systems and its overall value for the organization and its employees....
12 Pages (3000 words) Essay

International Human Resource Management

This work called International "Human Resource Management" describes the extent to which standardization of HRM policies has taken place across the globe.... he management of employees at all levels in a multinational company or conglomerate is referred to as strategic Human Resource Management [SHRM] (K'Obonyo & Dimba 3).... SHRM is significant because it takes into account the environmental factors in different areas and factors them into the policy of Human Resource Management....
12 Pages (3000 words) Coursework
sponsored ads
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.
Contact Us