What is strategic human resource management

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Reference no: EM132247585

PART A CASE STUDY (THIS QUESTION IS COMPULSORY) (Total of 25 marks) A technology organisation “MacTech” at Macquarie Innovation Park has a hundred employees, most of whom are Macquarie University graduates. The organisation supplies services – mostly to Australian based businesses. Customers value how MacTech is an innovative Australian firm. Staff retention is good and there is low turnover. Culture surveys show MacTech is a great place to work. Employees say they like being creative and working on exciting new technology.

However, MacTech has recently come under pressure because it lost business to cheaper competitors, some of whom are overseas technology firms.

To address the challenges, the MacTech CEO Ms Brightideas has decided to implement Strategic HRM. The CEO has engaged you to prepare advice to assist her in developing Strategic HRM. In particular, the CEO would like your advice on the following issues:

1. What is strategic human resource management (SHRM) and how does SHRM differ from older approaches to personnel management? Explain how SHRM would add value for MacTech?

2. Explain two key contextual factors for SHRM at MacTech. Why is Human Resource Planning (HRP) important for MacTech? What steps would you take to implement HRP? (5 marks) 3. Why is it valuable to have low turnover? Explain three key reasons employees stay in organisations. Why should MacTech invest in human resource development (HRD)? Explain an approach for implementing HRD which accounts for diversity.

4. Identify two sources of legal obligations. Explain why negotiations skills are important for managers and staff at MacTech.

5. Explain why wellbeing and work safety is important within the workplace.

Reference no: EM132247585

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