A strategic approach to human resource management (HRM)

IntroductionIt is wide acknowledged and accepted in business that the sources of wield competitive advantage lie not only in access to finance or capital, but deep down the organisation, in people and processes capable of delivering business strategies such as guest satisfaction or rapid innovation. (Lundy, 1994). A strategic belong out to kind election management (HRM) ensures that a sealed?s compassionate capital contributes to the achievement of its business objectives. various(a) authoritative writers suffer expressed differing opinions on the importance of employees as a direct influence on an organisations competitive advantage. Although no firm agreement has been reached, it is generally accepted that the use of strategic humankind resource management (SHRM), (i.e. proactively changing and implementing a serial publication of versed HR policies to ensure effective contribution from a firms human capital to the achievement of business objectives), is relevant w ithin HR intensive firms. 2 Perspectives on HRM Strategic human resource management is often utilise as the staple fibre manikin for the investigation of human resource strategy and its similitude to the organisations performance. trio main theories have been focused on by the decease writers on the subject. These argon the universalistic, resource- found and configurational perspectives of HRM. Briefly these are: 2.1 universalist theory Universalistic perspective is the simplest and most widely used model in literature.

Basically, the follower of the universalistic escort seeks to impart ?best practices?. T hat is, they believe some HR practices are ! continuously better than others and that firms adopting these practices will experience an improved performance. septet practices have been identified as ?best?. These are: expert upcountry career opportunities Formal training systems Results and behavior based appraisals shekels sharing plans Strong employment security junction mechanisms, e.g. betrothal in decision making Tightly define jobs A number of authors have spoken in embody of this theory. Leonard (1990) arrange that firms... If you want to get a full essay, separate it on our website: OrderCustomPaper.com

If you want to get a full essay, visit our page: write my paper