Strategic Human Resource Management
HRM325
Jay Perviz Dhanani
Intel College, Nairobi
ID: 119127768
Word count: 2594

Introduction:
Strategic Human Resource Management is the process that entails having the right people at the right time in the right place at the right cost. It is also the process of responding and assessing the dynamic business environment and seeing the people of the organization as assets rather than cost or liability.
Concepts of SHRM:
Life cycle: The life cycle, for example, of a product can be defined into 4 main stages: Introduction, Growth, Maturity and Decline. The aspect of recruitment and Selection can be explained as follows: * In the Introduction stage, the recruitment and selection function would aim to attract the best technical and professional expertise to the organization, conduct the interviews based on open and closed-ended questions and carry out selection tests. * In the Growth stage, the recruitment and selection function would recruit the right number of qualified workers, plan the organization’s succession policies and manage rapid internal labour market movements. * In the Maturity stage, there is another aspect, RETENTION that is added to the function. This involves the minimization of layoffs by providing new opportunities and encouraging new mobility. The challenge becomes the internal assessment and deployment rather than external recruitment. * In the decline stage, the recruitment and selection function will plan and implement workforce reductions and reallocation of duties and responsibilities.
In the following table, Kochlan and Barroci (1995) underlined the critical human resource activities as different organizational or business unit stages.

The table overleaf is a summary of the basic Human Resource Functions and explained what activities take place in the life cycle.