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Conclusion Of Strategic Human Resource Management

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Strategic Human Resource Management (HRM) Where are we now; Where do we want to be; How will we get there; and How will we know when we arrive; are all key questions organizations typically ask when developing their strategic plan (Reed & Bogardus (2012). Strategic planning reflects the direction a company is headed when forecasting to achieve long-range goals. In addition, a company’s mission statement serves as the purpose of the company, which shows where the business is going. The concept of strategic human resource management provides the direction on how to build the foundation by creating organizational structure, design, culture, system thinking, appropriate communication strategies and a vision that prepares an organization …show more content…
Within this ambit of the HRM discipline comes corporate social responsibility as it relates to values and the expressions used when making organization decisions. The emphasis on code of ethics, managing business decisions and improving the overall quality of life for the workforce are essential elements where HR fits into the overall strategic planning process (Reed & Bogardus, 2012). We all have learned that organizations do not run by themselves. Each and every business decision must consider personnel related issues at all levels. From associated labor costs to initiatives that require certain skill sets and expertise, strategic planning and human resource go hand in hand (Simpkins, …show more content…
The strategic options may require developing new products or services within the current market, develop a new market or build on an existing market. Either way, HRM involves looking at the long term needs of a company, rather than focus on addressing the current needs (Reed & Bogardus, 2012). Contributions offered by HRM within an organizations strategic plan will ensure the performance and effectiveness is linked with the changes within the business environment, thus making sure the competitive strategy of the company takes care of the most valuable assets of any company—employees. According to Patrick Wright, SHRM (2008), “HR strategies need to simultaneously focus on building skills, motivation and behavior for a successful business strategy” is a clear definition of how vital human resource management is when linked to strategic planning

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