...Strategic Management of Human Resources Section A: (Take around 15 minutes to answer each question, 1 or max 1.5 pages for each question) 1. What do we mean by the terms ‘Best fit’ and ‘Best practice’ to describe SHRM (Strategic Human Resource Management). Which is better? Use any short case examples to illustrate your discussion? Answer: By Definition ‘SHRMis that approach of HRM that refers that how all the aims and the objectives of the organization can be achieved through the people of the organization itself. It is a very critical approach of HRM. These objectives are realized by the employees of the organization, where each employee is given some objectives to achieve. Through this the employee also showcases his performance and thus grows.’ Two approaches of SHRM are: 1) Best Fit 2) Best Practice Discussing both here below, Best Fit Approach: takes into consideration all the circumstances that the organization is facing and hence create a best fit of strategies to best solve the problems. These circumstances that the approach takes into account could be internal as well as external to the organization. The people working in the organization become the center to the approach and it is these people that help is sort out the circumstances. The strategies thus developed under this approach focuses on the needs of the organization and the people. This approach is said to be important and one of the best practices because it keeps into consideration the...
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...Strategic Human Resources Management: Where Do We Go From Here?† Brian E. Becker* School of Management, State University of New York at Buffalo, Buffalo, NY 14260 Mark A. Huselid School of Management and Labor Relations, Rutgers University, Piscataway, NJ 08854 The authors identify the key challenges facing strategic human resource management (SHRM) going forward and discuss several new directions in both the scholarship and practice of SHRM. They focus on a clearer articulation of the “black box” between HR and firm performance, emphasizing the integration of strategy implementation as the central mediating variable in this relationship. There are direct implications for the nature of fit and contingencies in SHRM. They also highlight the significance of a differentiated HR architecture not just across firms but also within firms. Keywords: strategy; human resources; black box; implementation; differentiation The field of strategic human resources management (SHRM) has enjoyed a remarkable ascendancy during the past two decades, as both an academic literature and focus of management practice. The parallel growth in both the research literature and interest among practicing managers is a notable departure from the more common experience, where managers are either unaware or simply uninterested in scholarly developments in our field. As the field of HR strategy begins to mature, we believe that it is time to take stock of where it stands as both a field...
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...human resource management is an approach that defines how the organisation goals will be achieved through people by mean of HR strategies and integerated HR policies and practices. SHRM may also be defined as, "strategic HRM focuses on actions that differniate the firm from its competitors" ( Purcell, 1999). Hill and jones take a similar view they define strategy as " an action a company takes to attian superior performance". the SHRM means the decision of a business organisation about what to do and what not to do when learning, training developing and organizing human resource. for example samsung recent decision to make a samsung note featuring all the function very similar to computer and ipad.was a strategic decision according to current need of consumer. SHRM focus on peformance of whole organisation instead of individual performance. 1.2 One of the most essential part of organisation is its employees and is obligatory for organisation to manage and improve the employees efficency and working conditions. It is important that organisations make some strategies and involve its employees in work relating decision for excellent future of organisation.SHRM helps teh organisation to achieve the goals of organisation by making strategies from employess. SHRM is frequently briefed as to achieve a fit...
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...1. You have been asked to address a regional audience from a management institute on the subject of ‘Getting the most from your Human resources function – A cost effective value added service for the 21st Century ‘prepare a briefing discussion paper as to what you would recommend and how you would go about this acknowledging the challenges you might face. (30 marks) 2. In what ways can organisations develop strategically useful performance management systems? What is the nature of the link to SHRM thinking? (30 marks) 3. Why is reward management potentially so problematic for SHRM? In what ways can organisations integrate reward management in to the HRM strategy? (30 marks) 4. The best approach to modern employment relations is through the use of partnerships and partnership agreements. Discuss this statement in relation to a country of your choice. 5. How can HR functions deliver strategic organizational change and what difficulties may they face in doing it? Use theories, models and organizational examples as appropriate to develop your answer. 6. Critically evaluate the use of competency based approaches in modern HR strategies. Explain in details how they may be used in recruitment and selection. Use organisational examples as appropriate to support our answer 7. Evaluate the main theoretical views of the nature of HRM strategy? 8. Critically evaluate ONE of the following a) In what ways can HR strategies provide the level of organisational flexibility required...
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...similar to other aspect of management in the organization and an integrated part of it.” (Esen Evren Shrm Work Place Violence Survey 2003) “SHRM is the means of aligning the management of human resources with the strategic content of the business. This is based on the concept of strategic Fit, which states that to maximize competitive advantage; a firm must match its capabilities and resources to the opportunities available in the external environment. This is called the strategic fit model.” “Strategic human resource defines employees as a resource, an asset, that provides competitive advantage to an organization, and on whom organizational success is leveraged.” The human resource which is the rarest of resources available to an organization and is quintessential to any organization for its sustainment and development. In the world of globalization where the capital flow is not limited and it effortlessly flows to the infrastructural sound economies. As the infrastructure and other assets can be developed with time and effort, the uniqueness lies in the human resource of that country. Though technology is playing an important role in present scenario the pivotal role is still played by the man and not the machine. Strategic HRM is a complex process which is constantly under the eye of economic gurus. SHRM is the merger or an advanced stage of traditional HRM. SHRM integrates traditional HRM activities with the strategies adapted...
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...Strategic HRM for banking The environments in which organizations operate today are divergent. Myanmar banking sector has been facing unprecedented challenges with the wave of privatization and globalization of myanmar economy. Banks are under intense pressure to perform in today’s volatile market place. Steep competition, globalization, growing customer demand and exposure to higher credit risks are forcing the banks to find new ways of providing better customer service so as to improve profitability. The strategic management of human resources is one of the ways companies may use to increase their competitiveness in the new organizational landscapes, since managing in a global marketplace, introducing new technology, developing organizational knowledge, improving customer service or product quality, requires considering the “human equation” (Pfeffer, 1998). The management of organization human resources is an integral part of how an organization is going to achieve its mission goals. Without people, there is no one to do the work. Therefore, integrating HRM into the organization strategic plan is important step in Establishing an HR Strategy. The function of building human resources management strategy requires analyzing the current strategies of the organization and its goals which means Because of the globalization, the competition is very intense to get competitive advantage. Globalization represents the structural making of the world that is characterized by the free flow...
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...UCD university | Assessment 1 | Individual Report | | Nguyen Long Hai | 11/15/2013 | Word Count: 1234 | Outline 1.0 Introduction 2.0 Strategic Human Resource Management 3.1 Why is SHRM Important? 3.0 Competitive Advantages 4.2 Improvement in Customers and Employees Satisfaction 4.3 Greater productivity 4.0 Challenges in Implementing SHRM 5.4 Limited Time, Money, and Resources 5.5 Economic and Market Pressure 5.0 Evaluation on Strategies 6.0 Conclusion 7.0 References 1.0 Introduction Human resource management is a system, which manages important dimensions of human resource such as policies, practices, and structure of the company that would have impact upon employees’ behavior, attitudes, and performance. Strategic human resource management (SHRM) is a specified strategy, which is specifically designed to enable businesses and corporation to archive their goals as well as their employees’ needs. Moreover, Michie and Sheehan (2005) provide the definition of strategic human resource management as is the process of structurally planned HR tasks and deployment with the intention of enhancing an organization or company to gain its aims. 2.0 Strategic Human Resource Management Strategic human resource management is established through the process of analyzing and design of work, human resource planning, recruiting of employees, selecting employees, training and developing employees’ skills, compensating...
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...universalistic, contingent, configurational and contextual perspectives. International Journal of Human Resource Management; May2005, Vol. 16 Issue 5 3. Boxall, Peter.Achieving competitive advantage through human resource strategy: Towards a theory of industry dynamics. Human Resource Management Review; Fall98, Vol. 8 Issue 3 孙子曰：兵者，国之大事，死生之地，存亡之道，不可不察也。战略，公司大事，亦是死生之地，存亡之道，不可不察也。战略和人力资源管理的结合就是战略人力资源管理。当人力资源管理的决策和策略关系到了企业的生死存亡，决定了企业的运营效率的时候，人力资源管理也就上升到了一个战略的高度。战略人力资源管理的研究大约是从上世纪70年代末和80年初发展起来的。 第一篇文章主要目的是评估SHRM（战略人力资源管理）的2000年以前研究。首先其明确了基本的定义。其指出在一般的课本中很多都没注意到战略的真正含义。正如上所说，人力资源战略关系企业生死，一个好的人力资源战略强调的是“整合”企业人力资源的能力。这是“战略”的实际意义和功能解读。“战略”也是站在高的视角、洞见了企业事务的本质。这个本质就是“战略”是企业利益相关人的利益的长期的平衡。“political negotiation”成为战略管理的重要特征之一。文章提出了三个问题来明确SHRM的含义和作用：1.什么样的HRM策略对公司来说是非常重要和关键的？2.公司是依据什么来作出HRM策略的？3.如何使公司的HRM变得更加的有效率？文章通过提出了三个问题来展开对SHRM的研究评价。第一，公司的SHRM是多样性的，没有统一的范式。第二，公司的状况是千差万别的。比如有的实施多元化的战略，甚至有的各个事业之间没有多大的相关。这也就造成了人力资源管理不同。第三是国际化公司。其面临着文化的差异，这就涉及到了比较的HRM和国际化的SHRM. 文章通过大量的文献探讨了SHRM领域内两个重要的模型：`best fit' or `best practice'。 `best fit' 就是权变的、情境的理论。主要分为‘external fit’（或者叫vertical fit）和‘interal fit’（或者叫‘horizontal fit’）。对于‘external...
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...Shrm Strategic Management of Human Resources Section A: (Take around 15 minutes to answer each question, 1 or max 1.5 pages for each question) 1. What do we mean by the terms ‘Best fit’ and ‘Best practice’ to describe SHRM (Strategic Human Resource Management). Which is better? Use any short case examples to illustrate your discussion? Answer: By Definition ‘SHRMis that approach of HRM that refers that how all the aims and the objectives of the organization can be achieved through the people of the organization itself. It is a very critical approach of HRM. These objectives are realized by the employees of the organization, where each employee is given some objectives to achieve. Through this the employee also showcases his performance and thus grows.’ Two approaches of SHRM are: 1) Best Fit 2) Best Practice Discussing both here below, Best Fit Approach: takes into consideration all the circumstances that the organization is facing and hence create a best fit of strategies to best solve the problems. These circumstances that the approach takes into account could be internal as well as external to the organization. The people working in the organization become the center to the approach and it is these people that help is sort out the circumstances. The strategies thus developed under this approach focuses on the needs of the organization and the people. This approach is said to be important and one of the best practices because it keeps...
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...RELATIONSHIPS BETWEEN HUMAN RESOURCE MANAGEMENT PRACTICES, BUSINESS STRATEGY FIT AND FIRM PERFORMANCE Oya Erdil & Ay e Günsel Gebze Institute of Technology, Turkey ABSTRACT While there has been growing interest concerning the relationship between human resource (HR) practices, firm strategy and firm performance, limited research attention has been paid providing empirical evidence in support of them. This study investigates the relationships between HR practices, human resources management (HRM) - firm strategy fit and the firm performance of 63 small and medium sized firms located around Kocaeli and Gebze from both theoretical and empirical perspective. The findings indicate a strong relationship between different HR practices and HRM-firm strategy fit and firm performance. Further, the results provide support for the assertion that HR-firm strategy fit can significantly assist a firm in improving performance. Therefore, empirical support is obtained for the efforts at aligning HRM practices with firm strategy and firm performance. (recruitment, development, etc.) share the same basic character and play a similar kind of role in relation to strategic management (Luoma, 2000: 771). Effective HRM strategy systematically organizes all individual HRM measures to directly influence employee attitude and behavior in a way that leads business to achieve its competitive strategy. (Huang, 2001: 134). In view of the fact that the goals and necessities of each of the competitive...
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...Strategic Human Resource Management Submitted by: Obuba Okwara October 25, 2014 Lecturer: Dr. Leonidas Efthymiou Word count: 3,713 Report submitted to the University of Nicosia Online in partial fulfilment of the requirements of the MBAN-609DE, ‘Organizations and HR Management’ INTRODUCTION: Modernizing Medical Careers (MMC) is a United Kingdom government national health scheme(NHS) initiative in 2003; to resolve the concerns of its citizenry on existing medical workforce, level of training, future prospects for doctors, quality of services delivered and its impact on the health care needs of the people. In its report, the independent inquiry panel led by Prof. Sir John Tooke, stated that,” Modernizing medical career (MMC) was an honest attempt to accelerate training and assure the fundamental abilities of the next generation of doctors”. MMC is basically an online program designed and implemented for post graduate medical training intended to improve UK health care system with a transparent and efficient career path for doctors. It was intended to change the structure of the UK medical training by introducing the ‘Foundation training program’ and later the ‘seamless run-through training grade’. These training programs coincided with the introduction a new selection process called the MTAS recruitment system. Junior doctors were required to complete a web based questionnaire...
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...Assessment Assessment scheme The assessment for Strategic management of human resources and innovation has two case studies and an on-line test. Description Marks out of Wtg(%) Due date On-line test (see study desk) 100 20% Friday, 18 December 2015 Case study 1 (2000 words) 100 40% Friday, 15 January 2016 Case study 2 (2000 words) 100 40% Friday, 05 February 2016 On-line test (due to be completed by Friday 18 December, 2015) Please note, the on-line test relates to 20 multiple choice questions prepared from the main text Millmore et al, 2007, Strategic human resource management: contemporary issues. Prentice Hall. To pass this test, you must have acquired a copy of this textbook. You can acquire a copy of the text by contacting the USQ cooperative bookshop where both your texts (i.e. Milmore and Davilla et al) have been packaged together to reduce the cost. Please see the study desk in week 1 under the heading ‘ON-LINE TEST’. A ‘Guidelines for the On-line Test’ will also be posted in this section. These guidelines will set out which chapters you should study to be able to answer the multiple choice questions. Further details will be posted for completing this test. Case study 1 Description Marks out of Wtg(%) Due date Case study 1 (2000 words) 100 40% Friday, 15 January 2016 (approximately 5 typed pages single spaced) You should write the case study in such a way that you start your answers from line 1. That is, there is...
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...Strategic Human Resource Management Practices in Bangladesh A case study on Islami Bank Bangladesh Limited PREPARED BY |Name |ID | |Fahamida Sultana |B-101875 | |Rabeya Bashry |B-101876 | Batch : 30th Semester : 8 Course Code : 4804 Course Title : Strategic Human Resource Management [pic] DBA, IIUC, DC Date of Submission : 5th January, 2014. Strategic Human Resource Management Practices in Bangladesh A case study on Islami Bank Bangladesh Limited PREPARED BY |Name |ID | |Fahamida Sultana |B-101875 | |Rabeya Bashry |B-101876 | Batch : 30th Semester : 8 Course Teacher : Md. Ataur Rahman Course Teacher Course Code : 4804 Course Title : Strategic Human Resource Management ...
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...Outcomes/Criteria for PASS Page No Feedback (To be filled for each Assessment criterion) AC 1: Understand how the strategic management of human resources contributes to the achievement of organisational objectives 1.1 explain the importance of strategic human resource management in organisations 1.2 assess the purpose of strategic human resource management activities in an organisation 1.3 evaluate the contribution of strategic human resource management to the achievement of an organisation’s objectives AC 2: Be able to develop human resource plans for an organisation 2.1 analysethe business factors that underpin human resource planning in an organisation 2.2 assess the human resource requirements in a given situation 2.3 develop a human resources plan for an organisation 2.4 critically evaluate how a human resources plan can contribute to meeting an organisation’s objectives AC 3 : Understand human resources policy requirements in an organisation 3.1 explain the purpose of human resource management policies in organisations 3.2 analyse the impact of regulatory requirements on human resource policies in an organisation AC 4: Be able to examine human resources management in an organisation 4.1 analyse the impact of an organisational structure on the management of human resources 4.2 analyse...
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...The terms ‘best fit’ and ‘best practice’ are used in strategic human resource management literature and are applied to the specific policy area of reward systems. Each approach attempts to explain the way that HR policies in general and reward policies in particular can lead to greater organisational effectiveness. Some commentators believe that the development of the best fit model is derived from the Harvard, Michigan and New York models. Sparrow and Hiltrop (1994) claim that these models could be classified as ‘matching models’ because of their common aim is to match the human resources strategy with that of the corporation. Thorpe and Homan (2000), argue that previous developments in the design of pay systems did not directly relate to the real priorities and problems faced by organisations. Thus, the need to devise pay systems linked to business strategy arose. The underlying premise of best fit is that a close alignment between organisational strategy and other systems, including reward, can improve organisational effectiveness. Although the idea that pay should be linked strategy is not new, it received impetus in the 1990s with works by Schuster and Zingheim (1992, 1993) and Lawler (1995) discussing the merits of ‘new pay’. Lawler (1995, p. 14) states that all organisational systems must start with business strategy because “…it specifies what the company wants to accomplish, how it wants to behave, and the kinds of performance and...
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