Approaches of the strategic human resource management, Financial Management

Assignment Help:

Approaches of the Strategic human resource management (SHRM):

1. Attempts to the human linkage of some kind activities with competency based performance measures.

2. Attempts to the human linkage of some kind activities with business surpluses or profit.

These approaches indicate two factors in an organization setting. The first one is the human factor, their performance and competency and the later is the business surplus. An approach of people concern based on the belief that human resources are uniquely important in sustained business success. An organization gains competitive advantages by using its people effectively drawing on their expertise and ingenuity to meet clearly defined objectives. Integration of the business surplus to the human competency and performance required adequate strategies. Here the role of strategy comes into picture. The ways in which people are managed motivated and deployed and the availability of skills and knowledge shape the business strategy. The strategic orientation of the business then requires the effective orientation of the business then requires the effective orientation of human resources to competency and performance excellence.


Related Discussions:- Approaches of the strategic human resource management

Brief of measurement of interest rate risk, A manager must be able to quant...

A manager must be able to quantify as to what will result from an adverse change in interest rates to control interest rate risk. Different types of valuation mode

Explain economic exposure to exchange risk, How would you explain economic ...

How would you explain economic exposure to exchange risk? Answer: Economic exposure can be illustrated as the opportunity that the firm’s cash flows and so its market value may

Deferred coupon bonds, Deferred coupon bonds are generally issu...

Deferred coupon bonds are generally issued at a discount price and are used for financing leveraged buyouts. The coupon payment on these types o

Short terms working capital, Q. Short terms working capital? 1) Indige...

Q. Short terms working capital? 1) Indigenous bankers: private money leased and other country banking used to be the only source of finance prior to the establishment of the

Find out the future value of annuity at the end of five year, Goral is requ...

Goral is required to pay five equal annual payments of Rs. 10,000 each in his deposit account that pays 10% interest per year. Find out the future value of annuity at the end of fi

How do financial managers calculate the average tax rate, How do financial ...

How do financial managers calculate the average tax rate? Average tax rates are computed by dividing tax dollars paid by earnings before taxes (EBT).

Current assets, A firm has $700 in inventory, $600 in fixed assets, $600 in...

A firm has $700 in inventory, $600 in fixed assets, $600 in accounts receivables, $800 in accounts payable, and $50 in cash. What is the amount of the present assets?

Price-output determination under monopoly, The potato chip industry in the ...

The potato chip industry in the Northwest in 2007 was competitively structured and in long-run competitive equilibrium; firms were earning a normal rate of return and were competin

Operation management, Select a business with which you are familiar and ide...

Select a business with which you are familiar and identify examples of customers using search, experience, and credence quality to evaluate the good or service

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd