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).
The Review on Strategic Human Resource Management 4
... portion of the paper is to provide an explanation into strategic human resource management (SHRM). This information will look at the ways that some ... Organizational Performance in Strategic Human Resource Management; Problems, Prospects, and Performance Information Markets,’ Human Resource Management Review, vol. 8, no. 3, pp. 311-331. Schuler, R. S. 1992. ‘Strategic Human Resource Management: ...
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 social interaction is one that can’t be mechanical. Therefore for this particular model HRM practices are an applicable in achieving proposed strategies. 6 strategies are identified as planning, staffing, appraising, compensating, training and development (Schuler & Jackson 1987).
Thirdly, the ‘two stage model’ is fundamentally inherent on a model of strategic management.
The model argues that the rating of performance is made at the time of the observation of performance. Ultimately, this only considers a small portion of reality and therefore the rating can be manipulated and should not have significance in total performance. Hence suggestions imply that another stage be apparent to demonstrate consistent observations of performance and be stored therefore ratings either side can then be better judged, hence the two stage model. (Development and Test of the Two-stage Model of Performance Appraisal Charmine E.J. Hartel Strategic Human Resource Management can contribute to organizational performance in the next 5 years through identifying the internal and external factors. EXTERNAL FACTORS External factors such as legislation are the backbone of how responsibility is defined in human resources. HR professionals must be as up to date as possible and legislation as laws can change and ultimately effect performance, in this case, over 5 years. From a managerial point of view, keeping employees up to date and abiding by laws is critical to performance.
Additionally, these professionals must also consider and must be familiar with legalization operating in other countries, particularly when they are responsible for expatriates and employees, who are working overseas. The management of equal employment opportunity (EEO) is also considerable when contributing to organizational performance over 5 years. For example, if people identify that they are not being treated equal, from income to social injustice in the workplace this can alter the flow of a business. Further, people could leave their job and this lack of consistency can ltimate in undesirable organizational performance. However, when EEO is purposefully implied within an organization it can ensure employees are treated with fairness and respect and further, secure and retain the best people for jobs. Again, contributing to long-term organizational performance. Any change in external factors cans ultimate in the impact of the construction of HRM procedures. INTERNAL FACTORS Opposed to external factors, internal factors include the dynamics within an organization. For example and for the purpose of this essay, culture.
The Essay on Factors Affecting Organizational Behavior
All companies today have internal and external forces that impact organizational behavior. The purpose of this paper is to explore the impact of internal and external forces on organizational behavior. The four forces we will discuss are, customer demands relating to Sinclair Oil, economic forces outside of Select Portfolio Servicing, restructuring within Nestle, and globalization factors relating ...
Organizational culture has a significant effect on HRM and how it is strategized. Culture is embedded in human interaction. HR is able to build their practices around a culture within an organization by observation and implementation. Culture can include any factors such as how the organization runs, beliefs and ideologies and further how the organization likes to be seen and thought of. When considering organizational performance over 5 years, the culture can have a very persuading or non-persuading effect depending on the HRM.
For example, the vitamin company ‘Blackmore’s‘ implies a high performing happy culture with bonus based incentives to match, Further, as the reader suggests Blackmore’s also promoted a scheme based on performance to result in a Christmas ham. These ideologies that Blackmore’s demonstrate are effective ways of that SHRM can contribute to organizational factors over 5 years. Taking into consideration the two contributing factors above, when applying this to organizational performance over the next 5 years, the following examples can justify these factors.
It is clear that incorporating human resource management strategies and systems to achieve the overall goal and success of a company while meeting the needs of its employees and stakeholders is what needs to be done, the question is what are the challenges that are going to come from this over the next five years when relating it to the organizational performance. A vital issue when talking about internal and external factors is collaboration of culture. Organizational culture influences HRM immensely. HRM practices, which have een stated above, are able to contribute to the building and maintenance of organizational performance if thought out and adjusted into both internal and external factors. A good example is Google. The HRMG Unit outline identifies that Google’s culture is team orientated, collaborative, encourages people to think and to work with integrity, all of this entails working for the benefit of the company and ultimately for the benefit of the world. Further, its fundamental elements, which comprise these things, are clear recognition by the founders in relation to the type of culture they wanted to build.
The Research paper on Relationship between organizational culture and performance
The topic of the link between organizational culture and performance have drawn considerable interest from both academics and practitioners because this theme can help managers design suitable strategies and goals to increase level of performance as well as providing competitive advantage to firms. Among numerous studies discussing about this subject, I found two journals that contains valuable ...
The significance of recruiting employees into their company who suited their culture is known. The process of finding these employees is time consuming and a demanding process however it is these steps, which contribute to success. Finally there culture is fun. It allows for ‘free thinking’ and imagination, which helps to build what they are going for. It sustains a small organizational feel, with a consistent culture, which allows the challenges of their organizational performance to be decreased, and therefore their success increased.
In Conclusion Strategic human resource management contributes to organizational performance. This essay has discussed 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 which resulted identifying an example ‘Google’, that HRM can face when implementing organizational performance over the next five years.
