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Introduction In order to define Human Resource Strategy, one must first understand the concepts behind an organisation’s business strategy and its HRM practices. Various definitions of ‘strategy’ exist, almost all of which boil down to the simple fact that it is the general direction of an organization, which it must strive to go in the long term. The responsibility of adhering to the business strategy falls on the managers, who must use the resources at hand, keeping in context with the business environment their particular organisation is in, in order to achieve the goals laid down in the strategy by the stakeholders. Using the above-established definition of strategy and applying it to the context of Human Resource Management, one comes to the conclusion that HRM Strategy is the plan to organize Human Resources in such a way that they can be utilised to accomplish corporate objectives. In order for this to happen, and for the Business Strategy to be adhered to, the HRM Strategy must be aligned to it. When drawing up an HR Strategy, corporate objectives such as growth must remain the centre of attention. Development, Training and Performance Management within an HR Strategy Serious planning of areas such as training and development of employees must be undertaken in order to utilise the available human resources to their maximum effectiveness. Training and development, which provide a company with a continuously higher skilled workforce, must not be seen as a standalone solution. For it to be effective and eventually successful, other aspects of the HR strategy, such as reward strategies, recruitment and company structure, must be kept in line together with training and development. When all aspects of an HR strategy are in... ... middle of paper ... ...cially on smaller firms, if and when implemented correctly, trainging,development and performance management can return quite a lot in terms of increased productivity and efficiency. Works Cited Armstrong, M. (2006). A handbook of human resource management practice (10th ed.). London: Kogan Page Limited. Hendry, C., & Pettigrew, A. (1986). The practice of strategic human resource management. Personnel Review, 15(5), 3-8. Huselid, M. A. (1995). The impact of human resource management practices on turnover, productivity, and corporate financial performance. Academy of management journal, 38(3), 635-672. Kirkpatrick D. L. (1959). 'Techniques for evaluating training programs.' Journal of American Society of Training Directors, 13 (3), 21–26. Miles, R. E., & Snow, C. C. (1984). Designing strategic human resources systems.Organizational dynamics, 13(1), 36-52.
Mathis, R. L., & Jackson, J. H. (2010). Human resource management (13th ed.). Mason, OH: Thomas/South-western
Noe, Raymond A., et al. Human Resource Management: Gaining a Competitive Advantage. 7th ed. New York: McGraw-Hill/Irwin, 2010. Print.
Noe, R. A., Hollenbeck, J. R., Gerhart, B., & Wright, P. M. (2014). Fundamentals of human resource management (5th ed.). New York, NY: McGraw-Hill Education.
Lengnick-Hall M.L.; Lengnick-Hall, C.A.; Andrade, L.S.; Drake, B. 2009. “Strategic human resource management: The evolution of the field.” Human Resource Management Review, 19, pp. 64-85.
Mathis, R., & Jackson, H. (2011). Human Resource Management (13 ed.). Mason, OH: South-Western, Cengage Learning. Retrieved from http://euo.coursesmart.com/9991111547226/firstsection#X2ludGVybmFsX0J2ZGVwRmxhc2hSZWFkZXI/eG1saWQ9OTk5MTExMTU0NzIyNi84Mg==
Noe, R., Hollenbeck, J., Gerhart, B., & Wright, P. (2014). Fundamentals of Human Resource Management (5th ed). New York, NY: McGraw Hill Education
This paper will attempt to give a broad overview from the available literature within three areas. First, the paper will explore the historical relationships of HR and organizational strategy. Second, the paper will give an overview of current practices and trends. Lastly,...
John Bratton, Jeff Gold (2007). Human Resource Management: Theory and Practice. 2nd ed. London: Macmillan press limited. p21.
Noe, R. A., Hollenbeck, J.R., Gerhart, B., Wright, P.M. Human Resource Management, Gaining a Competitive Advantage. Boston: McGraw Hill Companies Inc., 2000.
Schuler, R. S. and S. E. Jackson (2008). Strategic human resource management, John Wiley & Sons.
Bamberger, P & Meshoulam, I 2000, Human resource strategy: formulation, implementation, and impact, Sage Publications, Beverly Hills, CA.
Strategic human resource management (SHRM) is a tactical method for the management of an organisation’s human resource function in line with organisational goals and objectives. SHRM enhances these functions by linking the traditional human resource practices to business strategy and the realization of organisational goals in order to enable the organisation to achieve a competitive advantage.
Byars, L. L. (1997). Human Resource Management. Chicago, IL: The McGraw-Hill Companies, Inc. Mills, D. Q. (1994).
According to April (2010), training plays an important role in the development of the organization to improve performance and increase productivity which will eventually put the company in the best position to face compet...
Massey, R. (1994). Taking a strategic approach to human resource management. Health manpower management, 20, 27-30.