Paper Topic:

Strategic Management of Human Resources

Strategic Human Resource Management

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Q1 . To what extent does the approach being taken by Macquarie Bank demonstrate features of SHRM

Employees are considered to be the most important assets to an organization . Productive employees may help an organization achieve its objective while unproductive may run it down . There is a certain saying that you can tell the character of man by looking at the company he keeps . This may also be applied in a company scenario , a company is known by

the employees it keeps

According to Armstrong , the concept of strategic human resource management (SHRM ) is based on the crucial human resource management philosophy that greatly emphasizes on the strategic nature of human resource management and the importance of integrating human resource strategies with an organization 's overall business strategy (6

Bratton then defines strategic human resource management as the process of linking the human resources functions with an organization 's strategic objectives with an aim of improving the overall performance of the business (1 . Through strategic human resource management , an organization may also be able to the effectively develop its organizational culture thereby fostering its innovativeness , flexibility and even competitive advantage (Sinha . Accordingly , to an organization SHRM should be taken to mean not only accepting but also involving the human resources functions as a strategic partner in the formulation of and accomplishment of an organization 's strategies through such human resource activities as staffing , selection , training and the rewarding of the...

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