Approaches of the strategic human resource management, Financial Management

Approaches of the Strategic human resource management (SHRM):

1. Attempts to the human linkage of some kind activities with competency based performance measures.

2. Attempts to the human linkage of some kind activities with business surpluses or profit.

These approaches indicate two factors in an organization setting. The first one is the human factor, their performance and competency and the later is the business surplus. An approach of people concern based on the belief that human resources are uniquely important in sustained business success. An organization gains competitive advantages by using its people effectively drawing on their expertise and ingenuity to meet clearly defined objectives. Integration of the business surplus to the human competency and performance required adequate strategies. Here the role of strategy comes into picture. The ways in which people are managed motivated and deployed and the availability of skills and knowledge shape the business strategy. The strategic orientation of the business then requires the effective orientation of the business then requires the effective orientation of human resources to competency and performance excellence.

Posted Date: 6/20/2013 7:25:47 AM | Location : United States







Related Discussions:- Approaches of the strategic human resource management, Assignment Help, Ask Question on Approaches of the strategic human resource management, Get Answer, Expert's Help, Approaches of the strategic human resource management Discussions

Write discussion on Approaches of the strategic human resource management
Your posts are moderated
Related Questions
State about the investigate of Competition Directorate Competition Directorate will generally investigate the below areas: (i)  Mergers and takeovers This is when larg

The management of Nelson plc wish to estimate their firm’s equity beta. Nelson has had a stock market quotation for only two months and the financial management feels that it would

Illustrate the capital markets in maturity of the securities? On the basis of the maturity of the securities traded, capital markets can be introduced here: Capital markets

Types of Treasury Bills Treasury bills are issued at various maturities, generally up to one year. Thus, they are useful in managing short-term liquidity. At present, the GOI (

Determine the Types of users Investors -look at the risk of their investment, future growth and profitability. Managers / employees-have access to more information and will want

Why would an analyst use the Modified Du Pont system to calculate ROE when ROE may be calculated more simply? Explain. In fact, an analyst wouldn't use the Modified Du Pont eq

In 2005, Mr. Gordon Brown's brought up a plan of action to help reduce poverty and boost economic development in Africa. The three essential elements of the 2005 development plan

Determine the Amount of financing required   The last factor determining company's cost of funds is the amount of financing required, where cost of capital increases as the fin

What is Financial Management? Anybody can describe it.

QUESTION The Managing Director of your firm is thinking aloud about an appropriate gearing level for the company: "The consultants I spoke to yesterday explained that some t