Strategic Human Resource Management

Strategic Human Resource Management

By

Supreet Ahluwalia
Senior Lecturer
Department of Business
Manipal University Dubai Campus
Block #7 International Academic City Dubai
United Arab Emirates
 

The human resource management that aims to improve the productive contribution of individuals while simultaneously attempting to attain other societal and individual employee objectives has undergone drastic change with the passing of years.
We all know that HRM is concerned with the "people" & keeping the fact in mind that HRM helps in acquiring, developing, stimulating & retaining the outstanding employees as it gives both effectiveness & efficiency to the working of the organization, it has been started being used strategically & is now termed  as Strategic human resource management.
The changing role of HRM:
The role of human resource management is changing & is changing very fast, to help companies achieve their goals. HRM has gone through many phases – from hiring & firing to relationship building, from there to legislation role, & now its role is shifting from protector & screener to strategic partner & as a change agent.
Defining SHRM:

o Organizational use of employees to gain or keep a competitive advantage against competitors.

o Involves aligning initiatives involving how people are managed with organizational mission and objectives.
In today's flattened, downsized & high-performing organizations, highly trained & committed employees – not machines – are often the firm's competitive key.
Perhaps the most drastic change in HR's role today is its growing involvement in developing & implementing the company's strategy.
In order to understand the modern aspect of HR i.e. SHRM, lets discuss the terms which would help us in understanding the concept:

o Core Competency can be defined as - A unique capability in the organization that creates high value and that differentiates the organization from its competition.

o Mission Statement... [continues]

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