Discuss the ways strategic human resource management (SHRM) could contribute to organizational performance in the next five years.
Strategic human resource management contributes to organizational performance. Resource Management is “the process of ensuring that resources are sufficient and efficient for a task. Resources may include anything a business or organization possesses that is used in the process of creating or maintaining business operations. Strategic Human Resource Management also known as and for the purpose of this essay SHRM is “designed to help companies best meet the needs of their employers while promoting company goals. This essay will discuss how Strategic human resource management contributes to organizational performance over the next five years how through these determining factors; Identifying major principles within SHRM, Internal and external factors and finally, the two factors above will result in identifying examples that HRM can face when implementing organizational performance over the next five years.
Strategic Human Resource Management can contribute to organizational performance in the next 5 years through identifying the major principles within SHRM are of significance.
SHRM imposes an intention and focus in finding the most appropriate ways of managing people to effectively acquire the organizations calculated strategy.
For the purpose of this essay three major models, which represent the principles of SHRM, will be utilized.
Firstly, the ‘5 P model’ implies that philosophies, policies, programs, practices and processes within strategic business relies on and represents the managements overall outcomes when considering survival, development, flexibility and profitability (Schuler 1992). These practices all rely in a cascading effect on each other therefore they take time.
Secondly, the ‘competitive strategy and role behaviors model’ links strategy with behavior. Unlike and instruction manual humans...
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