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







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