Teamwork
This essay will evaluate the statement, made in the assignment question by reviewing the role of human resource management (HRM) in the strategy process. This will include the function of recruitment and training programs in HRM, the concept of strategic fit and how human resource management can lead to a competitive advantage. The manner in which an organisation?s personnel are managed has a tangible influence on the productivity of the employees, which ultimately acts upon the firm?s bottom line. Corporate success is dependent upon the integration of the human resource plan and the corporate strategic plan.It has become a widely held premise that people provide organisations with an important source of sustainable competitive advantage and that the effective management of human capital, not physical capital, may be the ultimate determinant of organisational performance (Youndt, Snell, Dean, Jr, & Lepak, 1996). The relationship between the strategic planning of an organisation?s people and the overall strategy is being increasingly recognised as one of immense importance. A growing recognition of human resources as being a company?s most important asset has, and will continue to, change the focus of strategic planning. It is no longer acceptable to exclusively plan for those assets that will
strategic, human, strategy, management, hrm, overall, hr, resource, plan, business, people, organisation, corporate, planning, strategies, resources, 1996, training, organisation?s, objectives, fit, competitive, between, employee, difficult, development, needs, function, external, contribution, workforce, therefore, should, selection, recruitment, programs
