HR MBA 29 Mohamed Faiz

 

Strategic Human Resource Management (SHRM)

 


Strategic human resource management involves a future-oriented process of developing and implementing HR programs that address and solve business problems and directly contribute to major long-term business objectives(SHRM, 2023).

 

 

Importance of Strategic Human Resource Management (SHRM)

 Businesses that ensure collaboration amongst all teams, and synchronized working towards common objectives, succeed faster. By applying strategic HR practices, employees can be analyzed and the actions that will lead to value addition for the company, can be identified. If a company’s HR personnel don’t know much about strategic human resource management, they can enroll for HR courses online to understand the concepts thoroughly and implement the same in the organization. There are various benefits of applying strategic human resource management for any business(EMIRITUS, n.d.).

 These include:

 

  • Ø  Increased job satisfaction
  • Ø  Better work culture
  • Ø  Improved rates of customer satisfaction
  • Ø  Efficient resource management
  • Ø  A proactive approach to managing employees
  • Ø  Productivity boost


 

How to create a Strategic Human Resource Management plan

Now that you have a better understanding of what Strategic HRM is and why it matters, let’s explore how to create and implement a strategic plan for your organization(Vulpen, n.d.).

Although there is no one specific Strategic Human Resource Management model to follow, there are some best practices to be mindful of.

 

The following five tips will help you implement truly Strategic HRM:

  1.  Create an HR strategic plan that follows the business
  2.  Align HR activities with the strategy
  3.  Emphasize data 
  4.  Don’t forget HR’s other responsibilities 
  5.   Take an outside-in approach


 


Strategic Human Resource Management-Basics and Framework

  • HRM and Strategic HRM
  • Importance of Strategic HR Management
  • The framework of Strategic HR Management
  • Key stakeholders in Strategic HR Management(LPC, n.d.).


 

 

Some common examples of SHRM programs and policies include

 

Performance management: Creating systems to track and improve employee                                  performance

 

Training and development: Identifying employees’ development needs and providing    training and resources to help them improve

 

Compensation and benefits: Designing compensation and benefits programs that attract and retain employees

 

Employee relations: Managing employee relations to create a positive work environment

 

These are just a few examples of the types of programs and policies that can be part of SHRM. The specific programs and policies will vary depending on the company’s goals and the needs of its employees(Forbes , n.d.).

 

 


 

 

Conclusion. 

In today's competitive world, strategic human resources management is a critical part of the success of an organization. The success of strategic human resources planning contributes to organizational success only when it is well-aligned with company objectives and has an employee-centric approach.

 

 

References

            (n.d.). Retrieved from EMIRITUS: https://emeritus.org/in/learn/what-is-strategic-human-resource-management-shrm/

            (n.d.). Retrieved from LPC: https://www.lpcentre.com/human-resources/strategic-human-resources-management

            (n.d.). Retrieved from Forbes : https://www.forbes.com/advisor/business/strategic-human-resource-management/

             Pearson india. (n.d.). Retrieved from https://www.youtube.com/watch?v=jWdovBCWTF0

              SHRM. (2023). Retrieved from https://www.shrm.org/about-shrm/Pages/default.aspx

            Vulpen, E. v. (n.d.). Retrieved from AIHR: https://www.aihr.com/blog/strategic-human-resource-management/

 

 

Comments

  1. Razi Jalaldeen31 October 2023 at 07:05

    Please recheck the citation and referencing format

    ReplyDelete
  2. Rasika Gardihewa5 November 2023 at 20:57

    Your points about collaboration among teams and the benefits of SHRM strategies, like improved job satisfaction and better work culture, are note worthy. I also appreciated the practical examples you provided. Thanks for sharing this useful information!

    ReplyDelete
    Replies
    1. Anonymous5 November 2023 at 21:07

      Thanks Rasika for your valuable comments.

      Delete
  3. Aravinda Fernando MBA295 November 2023 at 21:34

    A great blog regarding the SHRM which always the success point of the bond between employee and HR

    ReplyDelete
  4. Anjali Fernando6 November 2023 at 23:00

    Most important HR theory.valuable one.

    ReplyDelete
  5. S P Sappani MBA298 November 2023 at 09:25

    Importance of strategic HRM are explained very well. Important field in this current situation.

    ReplyDelete
  6. HR MAB Fazil Farook 20239 November 2023 at 02:51

    This blog offers actionable steps for creating a SHRM plan, which can serve as a guide for HR professionals.

    ReplyDelete
  7. HRMBAPriyantha30 November 2023 at 22:10

    Strategic Human Resource Management aligns HR practices with organizational goals, emphasizing the importance of human capital in achieving strategic objectives and maintaining competitiveness in a rapidly changing business landscape.

    ReplyDelete
  8. Noora Kamil MBA 291 December 2023 at 22:15

    The creation and implementation of HR systems, or HR policies and activities, that result in the employee competencies and behaviors required by the business to meet its strategic objectives, is known as strategic human resource management.

    ReplyDelete
  9. Roshani_HR_MBA_B292 December 2023 at 10:40

    A proactive, integrated approach to managing human resources, strategic human resource management acknowledges the vital role that HR plays in attaining organizational success. It entails coordinating HR procedures with business goals, encouraging a continuous improvement culture, and making sure the company has the personnel necessary to support its long-term growth.

    ReplyDelete
  10. Merril John2 December 2023 at 18:51

    Insightful read on Strategic HR Management! Aligning human capital with organizational goals is pivotal for success. Your points on talent acquisition, development, and retention resonate. In today's dynamic landscape, a strategic HR approach is a game-changer. Looking forward to more insights on optimizing workforce potential.

    ReplyDelete
  11. Merril John2 December 2023 at 19:06

    Great insights on Strategic HRM! Consider delving deeper into specific case studies or practical applications to enhance the applicability of your ideas. Providing real-world examples can strengthen the impact of your recommendations and offer more actionable takeaways for HR professionals.

    ReplyDelete

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