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Importance of Human Resource Planning

Importance of Human Resource Planning When a company says that their workers are the essential factors in the growth and success of the business, you need to take such words seriously. Have all the financial resources to run a business, without the right employees; the company might not survive for long. However, human resource planning … Read more

What is Strategic Human Resource Management (SHRM)?

Strategic Human Resource Management Strategic Human Resource Management first came to light in 1984, and since then, this concept has blossomed.  Today, strategic human resource management mainly focuses on employee issues and how they can impact an organization’s long-term plans.  Strategic human resource managers now agree that human resource strategies in an organization are vital … Read more

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