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HRM Strategy and Business Goals:
According to recommendations of the human resource management literature, organizations which sustain a human resource management strategy and practices that are in accordance with business mission usually record high performance. This performance basically includes high performance work practices and increased economic performance. Therefore, human resource executives play a significant role in the creation of competitive advantage within organizations. Human resource management practices are critical for choosing, developing, encouraging and maintaining necessary human capital.
Generally, human resource executives align their strategies and practices with the business objectives through Human Resource Planning (HRP) and Strategic Human Resource Management (SHRM). In addition to being advocated for by practitioners and academics for several years, these practices and procedures positively affect the performance of an organization. HR executives can align business mission with HR strategy and practices through personnel selection tests that designed for the selection of employees...
The process is adopted in consideration of how the corporate and strategic plans of the business entity may transform the nature of a particular job and is viewed as strategic job analysis.
Secondly, these executives can use targeted staff assignments which provide employees with necessary experience and proficiency to implement the strategic plan of the organization. The targeted staff assignments may include performance appraisal systems and compensation policies that focus on the strategic goals of the business. Thirdly, the HR executives can enable these alignments through the strategic business planning process which provides information regarding the existing and future stocks of human capital in the entire organization.
HRM Executives' Development:
Today's business environment has changed drastically with the ongoing elimination of trade barriers and tariffs, subsequent globalization of markets, unpredictability of customer demands and political upheaval. Therefore, the ability of people handle and manage within such…
References:
Huselid, M.A. (2002). The Impact of Environmental Volatility on Human Resource Planning
and Strategic Human Resource Management. Human Resource Planning, 16(3), 35-51. Retrieved from Institute for Management and Labor Relations (IMLR), Rutgers University.
Rowden, R.W. (1999). Potential Roles of the Human Resource Management Professional in the Strategic Planning Process. Sam Advanced Management Journal, 22-27, 34. Retrieved from Stetson School of Business and Economics, Mercer University.
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This characteristic is pivotal in today's business environment, in which more and more companies offer services, rather than material products. Within the United States for instance, 79.6 per cent of all national income is generated by the services sector, which also employs 76.8 per cent of the overall labor force (Official Website of the Central Intelligence Agency, 2009). Given this context, it becomes more impending to stimulate the employees
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Business and Human Resources Apple Company Inc. Apple was founded by Steve Wozniak, Steve Jobs and Ronald Wayne in 1976; however it was integrated in 1977. It is an American company which not only produces computer electronics, personal computers, portable devices and software but also sells them. Apple has been in this business since 30 years and in this time span, it has faced highs and lows in its economic activity. It
Micro control refers to the formation and the type of "clan" within the organization and the behaviour of the employees. It could be stated that, focusing the attention towards the internal functioning of the organization is a method of controlling the outcome of the company's efforts regarding the services which it provides its clients with. In other words micro control operations are necessary as a sort of basis for the
Inventory Management Strategy. In his book, Streetwise Project Management, Dobson (2003) advocates the use of a just-in-time inventory management strategy to keep inventories low and manufacturing process more productive. This approach, though, will require close coordination with a Brazilian supplier, warehousing operations, planners and forecasters, and transportation directors throughout the inventory management process. In this regard, Epps (1995) advises, that such an approach requires the efficient transportation of materials from