Strategic Human Resource Management Assignment Help
Strategic Human Resource Management is a way to synchronize human resource functions with the corporate objectives and strategies of the organization. For an organization to achieve success, different functions need to align their strategies with the common corporate objective of the company. An organization’s HR functions, policies etc. must be in accordance with the company’s strategy to deal with the business competition.
If we try to understand strategic management, it is essentially an adjustment between three poles in the context of an organization, which are the senior management, human resources and environment (Bratton, 2005, p.37).The strategy is nothing but actions and plans decided by the company to attain top notch performance. He also defines a hierarchy of strategic decision making corporate level, business level, and function level. Corporate level strategy relates to the business the organization is in and plans to revolve around the same. Here, the strategy would deal with investment planning, which business units to invest in etc. The business-level strategy is for each type of business the organization is in, and various ways to tackle the competition. The functional level strategy is the backbone of strategy making since this is going to support the business level and corporate level strategy. In accordance with this, HRM policies need to align with corporate and business strategy (Bratton, 2005, p.37).
With increasing globalization, organizations are feeling pressurized to change their functioning and introduce world-class standards in the way they function. This calls for a strategic change in technology, performance, resources etc. This can be aided only by SHRM practices. Practices which enable an organization to survive in these times are needed.