The significance of aligning the SHRM with the business strategy becomes a major issue for many businesses to survive in now a days¡¦ competitive environment. In this paper, we would first find out the meaning of the SHRM, its functions on developing Employment Relation within the company. Then the paper will investigate what those company stakeholders desire from the business, and how the SHRM can help to achieve their needs. Finally, we will determine what is and whether the sound corporate governance should be included as one of the company goals.
All the above issues will be critically analysed based on the understanding of those ideas sourcing from relevant literature.
TABLE OF CONTENT
TABLE OF CONTENT 2
1. INTRODUCTION 3
2. STRATEGIC HUMAN RESOURCE MANAGEMENT 4
2.1 DEFINITIONS AND VIEWS 4
2.2 THE PROCESS OF THE SHRM 5
2.3 IMPORTANCE OF THE SHRM 6
3. COMPANY¡¦S GOAL 7
3.1 GOAL PLANNING 7
4. CORPORATE GOVERNANCE 8
4.1 DEFINITIONS 8
4.2 ETHICAL CULTURE IN THE SHRM 9
5. CONCLUSION 10
In recent years, Australian businesses getting more frequent to utilize some strategy management tools in their business decision. But a recent research surprisingly show that from the 90% of those Australia businesses, only 42% of the company CEO recognize there is a need for HR involvement, and only 14% be aware of HR as a strategic partner. The objective of this paper is to identify how SHRM can contribute the business all over its strategic management, and give the reason why SHRM is being ignored during the planning of business strategy. The paper will also discuss why sound corporate governance has to be considered as a part of company success.
2. Strategic Human Resource Management
2.1 Definitions and views
The SHRM is a process of fitting the HRM components into the business strategic planning in order to... [continues]
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(2006, 04). Human Resource Mangement. StudyMode.com. Retrieved 04, 2006, from http://www.studymode.com/essays/Human-Resource-Mangement-84991.html
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