Impact Of HRM

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Question 1: Analyse the factors involved in measuring the impact of given HRM strategy.
Answer 1: HRM strategy is the linking of HRM strategic goals and objectives in order to improve business performance and develop organizational cultures that foster innovation and flexibility, involving formulation and executing HR systems including HR policies and activities. It is one of the most important parts of enterprise development strategy, making sure the demands of quality and amount of human resource to make organization and personal continuously obtain profit and get the chance of development. I think the factors that measure the impact of HRM strategy should include external factors and internal factors of enterprise.
External factors:
1. Political …show more content…

Economy
The economy phenomenon such as the economy environment of depression and prosperity, appreciation and depreciation of currency has an impact on the HRM strategy. It can affect the loyalty of employee to enterprise because of economy reason to make enterprise loss the talents and increase the recruitment expense.
3. Labour market
Enterprise must know about labour market because there are the brilliant employees that meet the requirement of enterprise. Associated with the enterprise situation, it helps to HRM strategy.
4. Society culture
Culture includes knowledge, belief, art, morals, custom and any other capabilities and habits acquired by people as a member of society, which affects people’s concept, mind and behavior. So enterprise must consider the impact on cultural difference for employee to make the strategy of “Seeking common points while reserving difference”.
5. Environment
The environment whether there is rich resource or not can have an impact on the development of enterprise. Today people all want to pursuit the high quality life. So the workers can’t choose the enterprise if there is not a good environment so that the enterprise finally losses the talents.

Internal …show more content…

Answer 3: Human resource management (HRM, or simply HR) is a function in organizations designed to maximize employee performance in service of an employer 's strategic objectives. HR is primarily concerned with the management of people within organizations, focusing on policies and systems.

Organizational performance comprises the actual output or results of an organization as measured against its intended outputs (or goals and objectives).

connection between the HRM strategy and organizational performance
HRM strategy works within an organization in a series that is interrelate with one to another. These steps are given below.
HR planning ---strategic human resource management ----- strategic objectives -----
Organizational capability ----- empowerment ----- organizational analysis ----restructuring
--- Action plan -----line and staff management -----organizational

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