Strategic management of human resource - Essay Example

Download file to see previous pages Competitive advantage in the case of employees comprises of unique talents including innovation, flexibility, high productivity, superior performance and personal customer service. These are ways employees provide critical ingredients in giving a firm an edge over its competitors in the market. HR departments can improve decision making of organisations on human capital. First HR can improve organisation’s compliance with labour law rules and regulation. HR can help improve talent management decisions with respect to how talent is selected, developed and managed. This can be done by providing unique insights about the connection between human capital and strategy and identifying key strategic success factors that facilitate attainment of organisational goals.
HR should fully understand the direction an organisation is taking and should be able to provide support using competent HR tools. For organisations moving towards expansion, the HR department should create an organisation culture capable of absorbing diversified manpower with strong learning attitude as these are a necessary tool for competitiveness in the global market. For new organisations, HR strategy should focus on effective manpower acquisition and placement objectives as new organisations are inevitably driven by employee turnover both from recruitment and attrition point of view till they stabilise. The HR strategy can involve creating a more informal environment that will help build close knit teams with strong bonding between them to address attrition issues. New organisations may not be able to pay high salaries or devise reward schemes to retain manpower thus building teams with cohesive relationships will increase employee retention.
Relatively stable organisations are not very vulnerable to small competition threats, and can afford to spend more time on employee development, ...Download file to see next pagesRead More