STRATEGIC HRM ESSAY Case Study Solution
Strategic Human Resource Management (SHRM) is defined as the tool to link the human resource of any organization with its vision and mission to attain the desired performance and to develop a competition and innovation-oriented culture. With the passage of time SHRM has become very vital for the organizations all over the world to properly define their strategies and goals on how to effectively manage the human resource in order to attain the vision and mission of the company because a positive employee-centric climate in the organization increases the employees’ involvement and help them remain motivated and to contribute positively to the organization’s growth. Strategic HRM considers Human Resource as critical for gaining competitive advantage in this competitive world. The basic purpose of SHRM is to shape the strategic capability where employees are skilled, motivated and committed to help the organization in attaining competitive advantage (Armstrong, 2011). Moreover, Strategic Management focuses on the overall performance of the organization rather than individual performance (Brain, 2006). So this means that individuals are the main driving force in making the organization successful and sustainable, therefore, organizations should carefully select and sustain the ones who are capable of converting the organization’s visions and missions into the reality.
Background and Description
Strategic HRM: Tool to achieve Long-term Sustainability and Growth
In the world becoming more competitive and challenging for the organizations has become so important in order to survive against the odds in the market and they have to keep up with the changes in the corporate world as it is changing constantly with the passage of time. In such circumstances, managing all the resources (Human and other resources) effectively in order to make the business sustainable, has become very essential. So, as the development of technology has automated many manual tasks, which has altered the old relation between human and technology so now, human is no more just a tool for carrying out day to day operations of the organizations but has become the primary tool of gaining competitive advantage. So the importance of Human Resource Management (HRM) has become very vital and only those organizations who value their employees are more successful. That’s the reasons nowadays organizations are heavily investing in their human resource to get maximum benefit out of an employee.
So this new dimension of HRM (Strategic HRM) has its focus on long-term goal achievement rather than just resolving employees matter related to day to day operations. As it is developing a link between the strategic objectives of the organization with the overall environment of the organization where employees will feel more comfortable and motivated.
While working for three to four years in various management disciplines such as Business, Financial and Human Resource, I remained a part of more than seven organizations and interacted with people from more than three continents. During the exchange program training, I worked with Delaware North, a firm related to the hospitality industry where the human resource is a very vital source because only fine trained employees can provide desired services to the customers. Then during my three years at General Electric (GE), 1st as an internee and then as Training and Development Specialist, I was involved in devising induction and employee training programs, which again gave me lot of experience about the importance of management, as during that time GE’s revenue grew from $9 million to $2 billion, and number of trained employees grew by 600% in the same period. That was the time where I learned how much human resource is important for an organization’s success. Before coming to Australia, I spent around four years as a private investor without working for an organization and used the earned money to travel around the world. That was the most amazing experience as I learnt investment skills which were a value addition and helped me a lot to learn about the best management of money, as before I was managing the programs to manage the human resource for some company but in that sabbatical period of four years I learnt management of money. So another important lesson I learned was that management was not just limited to training employees for the day to day operations but it is also wider and futuristic. That was the time I learnt the importance of strategic management as that focusses on organizations’ long-term goal achievement by aligning them with employees’ performance.
Then I experienced the role of an operation manager while working with Fitzpatrick Family Trust for the next three years and another 1 year at Home state Reality Investment. At Fitzpatrick restaurant, I used to manage all the operations related to the employees and all sort of resources movements including online and physical both. So that further helped me to learn additional human resource management skills and by learning the importance of strategic HRM, as now every company wants to think on long-term contract with employees but to retain right employees in the organization has become a huge challenge. Now I am working as a financial advisor at AMP Australia, where employees are very significant for the firm’s success because it is primarily a company which provides consultant services for its customers to manage their wealth in a better and proper way. In this regard, employees are the key element because employees are the one who can retain the existing customers and bring the new ones to the organization. This increases the importance of the human resource for the company to have its long-term stability and growth………
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