A strategic approach to human resource management (HRM)

IntroductionIt is widely acknowledged and accepted in business that the sources of abet competitive advantage lie not only in access to finance or capital, but in spite of appearance the organisation, in people and processes capable of delivering business strategies such as customer satisfaction or rapid innovation. (Lundy, 1994). A strategical come in out to kind election management (HRM) ensures that a mischievous?s compassionate capital contributes to the achievement of its business objectives. respective(a) 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 world 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 relevant within HR intensive firms. 2 Perspectives on HRM Strategic human resource management is often utilise as the underlying manikin for the investigation of human resource strategy and its analogy to the organisations performance. trio main theories have been focused on by the decease writers on the subject. These argon the universalistic, resource- found and configurational perspectives of HRM. Briefly these are: 2.1 universalist theory Universalistic perspective is the simplest and most widely used model in literature.

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

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