Strategic Human Resource Development Framework - 1614 Words

INRODUCTION The purpose of this paper is to review academic literature of the different frameworks/models proposed by different researchers and eventually propose a framework of choice which will help leaders to better manage their Human Capital (HC) and understand how to incorporate HR policies into everyday decision making and long term planning. First we start by defining Strategic Human Resource Management (SHRM). We then look into what purpose it serves in an organisation. Then we look into the different models of SHRM how these models compare with each other. Literature review intends to develop a new framework which is a combination of two frameworks, The Harvard Model and the Warwick model of SHRM. STRATEGIC HUMAN RESOURCE†¦show more content†¦Many find this model to be attractive given both its analytical and prescriptive nature (Pettigrew Hendry 1990; Boxall, 1992). However Armstrong (1987) argues that the human (soft) aspect in this model may conflict with the business focus. The Michigan model proposed by Fombrun, Tichy and Devanna (1984), consist of five factors namely, selection, performance, appraisal, rewards and human resource development. It emphasises the interrelatedness of the HRM activities. Contrary to the Harvard model it treats people as any other resource which can be used to achieve business goals (Truss, Gratton, Hailey, McGovern Stiles, 1997). Hence it has a ‘hard’ focus that is, a focus on organizational growth and performance (Bratton Gold, 2001). Another major drawback is that it views organization and employee goals to be mutual (Walton, 1985) thus ignoring the concept of conflict or diversity (Bagshaw, 2004) or the influence of the external environment (Walton, 1985; Bratton Gold, 2001) which ultimately can lead to market failure (Chuang, Church, Zikic, 2004). The Warwick model proposed by Hendry Pettigrew (1990) draws on the Harvard model and further extends the analytical aspects. The authors argue that â€Å"better descriptions of structures and strategy-making in complex organizations,Show MoreRelatedEffective Human Resource Planning.1310 Words   |  6 PagesThe key to effective human resource management is human resource planning 1.0 Introduction Human Resources (HR) Management is a multifaceted function. This entity has an important place within companies in helping key personnel decide on the best staff for their needs, among other things. Sometimes, the employees chosen are full-time employees already working for the company or they could be contractors. Regardless, the goal of HR Management is to choose the most qualified person for the job. Read MoreStrategic Human Resource Management : Marks And Spencer1208 Words   |  5 Pagescan be developed by strategic human resource management. According to Armstrong (2006) employees are the valued assets for a company. The strategic human resource management is mainly developed in accordance to the fact that human resources need to be managed strategically for the company to enjoy sustainable competitive advantage. In this assignment I have looked at strategic human resource management perspective in Marks and Spencer. Before move on the strategic human resource management, let usRead MoreStrategic Thinking with Hrm1401 Words   |  6 PagesDiscuss why human resource management (HRM) is essential to strategic thinking, and identify several key aspects of strategic HRM. Introduction â€Å"Corporations began viewing employees as assets rather than as cogs in machine. ‘Human resources management’, consequently, became the dominant term for the function—the ASPA even changing its name to SHRM in 1998. (SHRM)† The realisation from organisations that their most prised and valuable asset is their employees. This lead to development and integrationRead MoreThe Relationship Between Human Resource Management and Human Resource Development976 Words   |  4 Pagesthe Relationship Between Human Resource Management and Human Resource Development Diana Williams National American University Understanding the Relationship Between Human Resource Management and Human Resource Development Human resource management (HRM) is the umbrella under which all other human resource activities are found. Some of the major activities under the umbrella are: benefits and compensation, health safety and security, human resource planning, staffing, equal employmentRead MoreHuman Resource Management : An Effective Management Of Individual1351 Words   |  6 PagesHuman resource management provides way through which people can be managed within the organization. It is being considered as one of the most important function for any company (Bernardin and et. al., 2011). This is because, it is with the help of the given concept only an effective management of individual can be carried out within enterprise. In addition to this, given department has the basic function of carrying out the recruitment, selection and training and development of the employees. ForRead MoreThe Relationship Between Hrm Practices And Employees Performance From An Islamic Perspective Essay1395 Words   |   6 PagesAbstract Accelerated developments and changes in organization’s environment, has led organizations to strive providing customers with products and services they need with best quality; In order to compete in such a competitive, dynamic and always changing environment, organizations has to invest more on their human resources and equip them with needed knowledge and skills. To invest on human resources and improve performance, organizations have considered religion and culture as major shapers forRead MoreHuman Resource Management ( Hrm )1562 Words   |  7 PagesHuman resource management (HRM) is an important strategic and systematic approach that provides each company with the opportunity to create policies and practices, as well as to establish administrative forms (Pfeffer, 2007). According to Armstrong (2009) HRM is an approach that deals with ‘employment, development, and well-being of the people working in organizations’. However HRM has evolved significantly through the years due to the rapid social, economic, political and environmental changes.Read MoreDeveloping A Human Resource Strategy For Effective Job Performance829 Words   |  4 PagesConceptual Framework According to Bono and Judge (2003) there is no single approach to developing a human resource strategy for effective job performance. As a matter of fact, the specific approach will vary from organization to organization. Even so, the literature reviewed so far and a consideration of the organizational culture that pertains in the National Commission for Civic Education makes the model presented below an excellent approach. This conceptual model identifies six specific stepsRead MoreBiodiversity, Or Biological Diversity1720 Words   |  7 Pagesservices, which enrich our lives (Defra, 2011; Cepel, 1996). In that perspective, biodiversity can be considered as a significant strategic resource of economic and political affairs (Demir, 2013). 1.2 Sustainability Challenges for Biodiversity Despite all the evidence that are uncovered about its importance, biodiversity is under serious threat (Defra, 2011), as human beings seem to be determined on destroying ecosystems and species at an ever-increasing rate (Cepel, 1996; Lawton, 2015; Topcu,Read MoreThe Valuation of Human Capital in an Organization691 Words   |  3 PagesHuman Capital Valuation in the Organization Introduction With the rise of the knowledge economy, traditional valuation in the enterprise that consisted solely of measurable assets including buildings, equipment and inventory is increasingly being questioned. Human capital is widely recognized as an important component to the enterprises total statement of its financial position. This brief study discusses whether human capital should be assessed and reported in the financial statement of the organization