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Role of HRM in Strategic Management

The Strategic Role of Human Resource Managers The strategic management process involves four important stages: environmental scanning, strategy formulation, strategy implementation, and evaluation and control. What is Strategic Human Resource Management? The strategic management process results in decisions that can have significant and long-lasting consequences. The erroneous strategic decision can inflict severe penalties can be … Read more

Human Resource Management Models

Human Resource Management Models Four major models have been identified for human resource management and all these serve many purposes. 1. They provide an analytical framework for studying Human resource management (for example, situational factors, stakeholders, strategic choice levels, competence) 2. They legitimize certain HRM practices; a key issue here is the distinctiveness of HRM practices: … Read more

Nature and Functions of Human Resource Management

Nature of Human Resource Management Simply put, Human Resource Management (HRM) refers to the application of management principles to management of people in an organization. This is too simple a statement and fails to capture the essence of human resource management. In its essence, Human resource management comprises the following: 1. HRM consists of people-related functions as hiring, … Read more