HUMAN RESOURCE MANAGEMENT
INDIVIDUAL
ASSIGNMENT:
SELF REFLECTION
ESSAY BASED ON UNDERSTANDING IN CHAPTER 2:
STRATEGY AND
HUMAN RESOURCE PLANNING
Human
resource planning has become the back bone of a profitable organization. In
this new age all the successful organizations do understand the importance of
human resource planning. To understand HR planning it is said that it is the
process by which management ensures that it has the right plan or strategy for
their human resources. The purpose of human resource planning is to assist an
organization to meet strategic goals by attracting, and maintaining workforce
and also to administer them successfully. Basically the human resource planning
assists organization to attract, recruit and retain the work force by keeping
the overall goal, organizational working practice or culture and the legal
requirements in mind. HRM approach seeks to ensure a fit between the management
of an organization's employees and the overall strategic direction of the
company.
Strategic
HRM can be regarded as a common approach to the strategic management of human
resources in unity with the intentions of the establishment on the future path
it wants to take. It is concerned with longer-term people issues and
macro-concerns about organization, excellence, society, standards, dedication
and harmonizing resources to future need. It has been defined as all those
activities affecting the behavior of individuals in their efforts to formulate
and implement the strategic needs of business and the pattern of planned human
resource deployments and activities intended to enable the forms to achieve its
goals.
Adopting
an HR strategy that is concerned with the organization's larger mission and
goals has multiple advantages and benefits for the company. First is helps
evaluate HR policies. The premise of strategic HRM is that the company's
policies and procedures related to employees should fit into the organization's
broader strategic plan. Developing these links between HR and strategy has the
distinct advantage of helping the organization to evaluate its current HR
policies and to replace outdated or inefficient policies with ones that promote
a better workplace environment and employee relations. As the company evaluates
its HR policies, it can use the strategic plan's aims and objectives to
evaluate each HR process. Those that fall out of the strategic vision can be
reformulated or discarded in favor of better ones. The second is improves team-building.
Strategic HRM also helps to foster a sense of team spirit and camaraderie
within the organization. A company's strategic vision will ideally rely on
input from a broad range of stakeholders including managers, employees,
customers and investors. Creating an HR strategy that aligns with this sense of
open communication can have the major benefit of helping stakeholders feel like
their opinions are valued and meaningful to the company's owners and
executives.
Next
is Helps Monitor Progress. While the strategic vision of the company can
influence the creation and evaluation of HR policies, the reverse can also be true.
Human resources can help the organization monitor its progress toward achieving
its stated goals and objectives in the strategic plan. Much of the strategic
plan is likely to rely on the cooperation and support of employees and
individual departments or functions within the organization. Last but not
least, keeps the Organization Legal. A final advantage of the human resource
management strategy is in keeping the organization compliant with laws relating
to employees, salary, insurance and the like. The laws and policies governing
business are complex and can vary between jurisdictions, but HR has a key role
to play in making sure that the organization's strategic plan is not only
presently legal but is also amendable enough that it can adapt to changing
times and changing legal circumstances. HR has a key role to play in making
sure that all of these components of the strategic plan are implemented in a
timely and effective way. The advantage of this marriage between strategy and
HR management is that the company's executives and its HR function are
consistently monitoring one another's progress and tweaking processes for the
benefit of the company and its employees.
After
learned this chapter, the students can get explanation how human resources planning and a firm’s
mission, vision and values are integrally linked to its strategy, understand
how an organization’s external environment influences its strategic planning
and understanding why it is important for an organization to do an internal
resource analysis. Furthermore, the students also can explain the linkages between
competitive strategies and HR, understand what is required for a firm to
successfully execute a strategy and assess its
effectiveness and describe how firms evaluate their strategies and HR
execution.
In
this chapter, the students can emphasized the importance of context for the
skillful practice of human resource management. The study has enabled us to
gain an initial understanding of the following:
1. The
scope of HRM.
2. The
meaning and nature of strategic HRM.
3. How
HR strategies are related to business strategies.
4. How
HR strategies can be informed by knowledge of labor markets and product markets
locally, nationally and internationally.
5. The
dynamic nature of global competition and of social and technological trends and
their significance for HRM practice.
6. These
were the learning objectives set out at the beginning of the course.
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