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HRM Stand For Strategic Human Resource Management In The Business Environment

Slide 1 Notes Slide 2 Notes SHRM stand for Strategic Human resource management (SHRM) was defined by Boxall and Purcell (2003: 1) as ‘all those activities associated with the management of employment relationships in the firm’ HRM covers activities such as human capital management, knowledge management, organization design and development, resourcing (workforce planning, recruitment and selection, and talent management), performance management, learning and development, reward management, employee relations and employee well-being. Slide 4 Notes • Political: It is related to the Government, Public opinion, international organisations. • Economic: - In this how economic environment affects HRM all parts of business and also HRM…show more content…
Political factors also includes tax policies fiscal policies, trade and tariffs etc. which every government levy around the fiscal year and that also act on the business environment (economic Environment )to a great extent. So there is an active involvement of the government in the labour market in order to cope with these issues HR must take necessary steps for retaining the existing staff and train and develop their skills for the fulfilling the competency skills level in the labour market…show more content…
And they must provide good working conditions and it also includes the sustainable development, investment and consumption by producer’s investors and consumers respectively, so in regarding this issues HR must make sure that there are acting ethically with their suppliers, stakeholders, and managing their business so this leads to the outcome of green HR policies with environmentally conscious business. And the employees can explain the customers about the green living importance and their practices which will also be rewarded to the employees following green living ,like recycling of papers ,turning off lights and machineries when not in use and also convincing the customers about the packaging, recycling, importance
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