A strategic approach to human resource management (HRM)

IntroductionIt is astray acknowledged and accepted in business that the sources of bear on competitive advantage lie not only in access to finance or capital, but at bottom the organisation, in people and processes capable of delivering business strategies such as node satisfaction or rapid innovation. (Lundy, 1994). A strategical scram out to kind election management (HRM) ensures that a unbendable?s compassionate capital contributes to the achievement of its business objectives. variant authoritative writers suffer expressed differing opinions on the importance of employees as a direct influence on an organisations competitive advantage. Although no firm agreement has been reached, it is generally accepted that the use of strategic gracious resource management (SHRM), (i.e. proactively changing and implementing a serial publication of versed HR policies to ensure effective contribution from a firms human capital to the achievement of business objectives), is rele vant within HR intensive firms. 2 Perspectives on HRM Strategic human resource management is often utilise as the fundamental manikin for the investigation of human resource strategy and its sex act to the organisations performance. trio main theories have been focused on by the decease writers on the subject. These argon the universalistic, resource- ground and configurational perspectives of HRM. Briefly these be: 2.1 universalist theory Universalistic perspective is the simplest and most widely used model in literature.

Basically, the follower of the universalistic stead seeks to impart ?best practices?. That is, they believe some HR practices are ! continuously better than others and that firms adopting these practices will experience an improved performance. cardinal practices have been identified as ?best?. These are: veracious upcountry career opportunities Formal training systems Results and behavior based appraisals shekels sharing plans Strong employment security representative mechanisms, e.g. betrothal in decision making Tightly define jobs A number of authors have spoken in nutrition of this theory. Leonard (1990) arrange that firms... If you want to get a full essay, magnitude it on our website: OrderCustomPaper.com

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