The Human Resource Management Strategy

Human resource management “is the organizational function of planning for human resource needs, recruitment, compensation, selection, development, evaluation, and handling of grievances and labor relations” (Singh, 2016, p. 362). The key human resource competencies as outlined by the Healthcare Leadership Alliance (HLA) include: communication and relationship management; leadership; professionalism; knowledge of the healthcare environment and business skills. The healthcare leadership alliance consists of the following organizations: American College of Healthcare Executives (ACHE); American College of Physician Executives (ACPE); American Organization of Nurse Executives (AONE); Healthcare Financial Management Association (HFMA); Healthcare Information and Management Systems Society (HIMSS); Medical Group Management Association (MGMA) and its educational affiliate, the American College of Medical Practice Executives (ACMPE).

There are many factors that can determine the success of any organisation. It is not only limited to the physical assets such as machinery and technology, however it is the people working within the organisation bringing new ideas and special skills that can make a difference. This essay will investigate the influence of Human Resource Management (HRM) on the wider organisational strategy. A short description of HRM will be followed by a summary of its primary roles. Also, this paper will then critically assess these roles using qualitative examples in an attempt to determine the degree to which HRM really helps or hinders the organisation in achieving its strategic goals.

An effective human resources (HR) strategy is the complete design, or strategic plan, that directs the engagement of specific HR functional areas. Subsequently, HR strategies will guide decisions about company personnel to make sure they are best suited for the company. For this to be successful, all of the functional areas of HR strategies must be directly compatible with the entire business strategy of the company (Wright, Snell, & Jacobsen, 2003). One such company that has been very successful in developing an HR strategy to support the overall business strategy, is the United Services Automobile Association, or more commonly known as USAA.

In choosing an industry in which two or more companies that have been voted on some of the best places to be employed and carefully reviewing the Top 100 companies on Forbes I have chosen Wal-mart and Target. Wal-mart and Target

In today's intensely competitive and global marketplace, maintaining a competitive advantage by becoming a low cost leader or a differentiator puts a heavy premium on having a highly committed or competent workforce. Competitive advantage lies not just in differentiating a product or service or in becoming the low cost leader but in also being able to tap the company's special skills or core competencies and rapidly respond to customer's needs and competitor's moves. In other words competitive advantage lies in management's ability to consolidate corporate-wide technologies and production skills into competencies that empower individual businesses to adapt quickly to changing opportunities.

Atlantis Global Corporation is a multinational organization that manufactures electronic circuit boards for high definition television screens, has relocated some personnel to three of its subsidiaries in hopes that the subsidiaries would be self-sustainable and profitable. The company’s CEO, COO and the Board of Director John is worried about global competition and losing AGC’s manufacturer of electrical circuit boards of high definition televisions. John seems to ignore the problem with the company’s employee situation and that there have been several employees that have left to go work with other organizations due to being unhappy with their current working conditions. John also

In a traditional model of human resources, employees move through employment in a typical progression from hiring to separation or retirement. As we enter the new era of an advanced high-tech environment, the business world is also entering into an era of fierce competition noticed by takeovers and mergers. This illuminates the type of dynamic and complex business environment that companies have to face. The rapid change in the environment reminds us that, for a business to survive, it has to focus on its core competencies and discover in order to keep ahead of the competitors. The field of Strategic Human Resource Management has evolved mainly in accordance to the fact that human resources need to be managed strategically for

The role of human resource management is one of strategic partner, administrative expert, and consultant (managing all of the organization 's people related processes strategically). It is the job of hr management in to recognize that decreased turnover, higher employee morale, and involved employees in the decision making process are all optimal in providing key leverage in an organization 's strategic plan. Management integrate strategic hr management with the organization 's strategy formulation. This means that management has searched the organization and its environment for opportunities and initiated projects and decisions to bring about changes that are both advantageous

The key segment of all projects is the Human Resource on the undertaking. Human Resource Management serves the backbone of any project. It is all about allocating the right persons in the right place at the right time and also managing the resources all through the project. The Human Resource Plan is an instrument which helps in the administration of all activities. At any rate it characterizes things, for example, parts and obligations, authoritative outlines, how assets will be gained, time when every asset will be required and any specific preparing prerequisites.

"When I transitioned from a full-time professor to a full-time corporate executive, I was shocked to discover that many great HR principles we take for granted to not automatically take hold in the real world…" (Arthur Yeung, 2011).

Recruitment is one of the Human Resource Processes and it is a process to gather as much prospective candidates as possible who would fit the opening job position. Ideally, the more people who apply for the job, the better chance the organisation in recruiting the better people. This process focuses only how to reach out and attract the right pool of candidates for selection and what methods are used best in order to obtain the best result. Difference sources will be used to recruit employees both internally and externally which depends on the opening position in question.

The table below gives us a glimpse into the main functions of SHRM and its differences from traditional functions and responsibilities of HRM:

This essay is going to analyze that extent of the human resource management’s practices contribute to managing organization’s sustainability in the past-bureaucratic era. Evans (n.d.) recognizes that sustainability of the organization entity in general pays attention to the three aspects of risks management during company operations: financial, social as well as the environmental risks and those three of perspectives usually are referred to essences of the profits, people and planet. Besides, according to a study which mainly figures out the approaches that enable organizations to fulfill sustainable development smoothly, the finding is that sustainability business model (SBM) is supposed to be adopted by the companies, which indicates

The manner in which an organization’s personnel are managed has a tangible influence on the productivity of the employees, which ultimately acts upon the firm’s bottom line. Corporate success is dependent upon the integration of the human resource plan and the corporate strategic plan. It has become a widely held premise that people provide organizations with an important source of sustainable competitive advantage and that the effective management of human capital, not physical capital, may be the ultimate determinant of organizational performance (Youndt, Snell, Dean, Jr, & Lepak, 1996).

People are usually considered to be the critical resource in the new approach that is Human Resource Management. The management of people within every organization, therefore, is very vital as it deals with their acquisition, attaining motivation for higher levels of attainments, skills development as well as ensuring that the level of commitment of every individual is maintained. Much effort, therefore, must be made considering events that aim at improving personal development, attaining employees’ satisfaction and to comply with employment-related laws that accommodate their rights within working environment. Various authors have different definitions for HRM. HRM, therefore, entails planning, implementing, conducting recruitment and