HR Strategy Essay Example | Topics and Well Written Essays - 750 words

HR Strategy - Essay ExampleIn this paper, I will be analysing the intragroup and external fits approach to HR strategy.Strategic sympathetic resources management (SHRM) takes a strategic approach to organisational human resource management. SHRM concerns itself with the design and implementation of internal policy practices that consistently enhance the human capitals ability to contribute to the bigger organisational goals (Wei, 2006). The strategic aims of HR revolve around cost containment and management of business risks. To achieve this, the HR function attempts to recruit extremely talented, able and willing employees and managing these human resources optimally. The most critical asset for any organisation is therefore its human capital productivity and profitability greatly bet on the motivation and desire peck to perform as well as the support they get from managements.Strategically, HR strives to attain and manage two kinds of fits i.e. internal and external fit. On th e perspective of external fit, the HR functions systems, structures and management practices should be consistent with the particular firms stage in development. Organisational submits change with growth having an understanding of just how the organisation is changing with growth makes it easier to understand the necessary human resource adjustments. From the approach of internal fit, the structure, systems and HRM practices need to be synergistic i.e. the HR function must put in place structures and systems that support and complement one another while contributing to organisational objectives. The HR function must therefore ensure its strategy enables the organisation to perform, attain competitive edge and ultimately make profits (Lloyd and Ilan, 1998).According to Pfeffer (1998) effective people management can tremendously enhance organisational performance both financially, socially and economically. He describes seven organisational characteristics consistent in most if not a ll firms