Strategic HR Best Practices

Improved Essays
Show More
In this paper I will provide a review of two strategic HR best practices that can utilize to help the organization in reaching its strategic goals. The HR strategic practice of rewards, development of the employees are Human resources best practice that are excellent tools in assisting the organization in reach it strategic goals . There can be issues and concern that arise from any HR practice, if not implemented and are not in sync with organizational goals. These HR best practices must be undergirded with training for employees and their front line supervisors and have the support of senior management. In summary the HR practice of rewards and employee development are HR practices that can be used as effective tools for the organization strategic success.
A strategic HR practice that can deliver long-term dividends is the development of its employees, and is also an intricate part of the organizational success. Moreover, employee development can also be a retention tool; it also aids the organization in its acquisition of talent to fill gaps of talent within the organization …show more content…
Rewards can be also too utilized to eliminate some undesired behavior and are asset for securing new sources of talent. The uses of rewards are the organization efforts to attract and maintain good employees and rewarded effective managers. Rewards can also help set the culture within the organization and valuable HR best practice (Stiles, et al., 2006). However, rewards must be designed in link to the organization strategic goals and align with the organization values. . If not properly implemented rewards can have minimal impact on assisting the organization in meeting its strategic goal, and some organization spend vast amount of money on reward for employees and have very little qualitative evidence that employees are performing any better (Talkdesk,

Related Documents

  • Improved Essays

    Collective Bargaining In The Workplace
    • 1864 Words
    • 7 Pages

    Collective Bargaining In The Workplace

    HR professionals “communicate and implement HR strategy, thus helping shape the organizational climate, influencing employees’ attitudes and behaviors, and ultimately affecting occupational health and organizational performance. ”(Bowen and Ostroff, 2004) There are numerous HR practices such as “recruitment, promotion, training, wages, labor-capital relationship, employment assurance, security, and welfare,” (Dessler, 2001) and these are used to meet both short and long term priorities, depending on whether it’s for sustainable organizational performance or responding to current financial and economic circumstances. Collective bargaining refers to “a process of decision-making between parties representing employer and employee interests. ”(Windmuller,…

    • 1864 Words
    • 7 Pages
    Improved Essays
    Read More
  • Improved Essays

    HR Case Study: Maersk's Strategic Plan?
    • 1082 Words
    • 4 Pages

    HR Case Study: Maersk's Strategic Plan?

    Their training produced employees that were taught the company’s job objectives from scratch and enabled them to feel as if they were all part of a family. They had a good focus on leadership and values, along with a passion for the company. Then when the company went global it relied on HR to change their hiring policies to meet their new strategic plans and goals of keeping up with the increasingly fast-pasted global growth of the twenty first century. HR was now responsible to switch their function from administrative to strategic. Allen, the head of Group HR, was helping to shift the “HR function from administrative to strategic, and to position the company for the 21st century” (Boris & Sarah, 2013).…

    • 1082 Words
    • 4 Pages
    Improved Essays
    Read More
  • Superior Essays

    Example Of A Strategic Analysis Paper
    • 1171 Words
    • 5 Pages

    Example Of A Strategic Analysis Paper

    Today there are many challenges organizations face when trying to think strategically when building their business. Leaders and managers must frequently think about how their business models should look yearly, which means that changing their mission and strategic goals based on growth potential or new business ventures can be a focus when thinking strategically. Another area of focus for organizations would be implementation of the strategic plan. This could possibly impact the culture of the organization amongst the employees, how the message should be communicated, and follow-up to determine if the change was worthwhile (Plunkett, Allen, Attner, 2013). There are different levels of strategic planning that come in the forms of corporate-level…

    • 1171 Words
    • 5 Pages
    Superior Essays
    Read More
  • Improved Essays

    Hr Audit Paper
    • 1056 Words
    • 5 Pages

    Hr Audit Paper

    HR Audit Strategic Management of Human Capital Jasmine Flores [Date Submitted] HR Audit Introduction Any organization faces an essential requirement to follow a certain number of rules, regulations, practices and other detailed procedures for staying on the path of success. For an organization to be successful, some of the most significant aspects which can assist it in relation to this include different instances of HR metrics. By following and monitoring significant HR metrics, a company can deal with issues effectively and raise the standards of its operations and outcomes in an informed manner.…

    • 1056 Words
    • 5 Pages
    Improved Essays
    Read More
  • Great Essays

    Mesiniaga Case Study
    • 1531 Words
    • 7 Pages

    Mesiniaga Case Study

    Companies are able to produce a human resource advantage via recruiting and retaining excellent employees by capturing their human talent, latent with productive capabilities (Kay, 1993). In contrast to traditional HRM, Strategic HRM pays more attention on corporate level in order to achieve corporate goals by following corporate strategy implementation, which focus on construction of structure and culture. According to Soderlund and Bredin (2006), HRM activities treat as a factor for corporate to seek for its competitive advantages. Therefore, Wright and Boswell (2002) stated the importance of constructing the HRM system in a systematic way. The improvement of individual roles is important and needed for achieving corporate goals.…

    • 1531 Words
    • 7 Pages
    Great Essays
    Read More
  • Improved Essays

    HRM Practioner Case Study
    • 898 Words
    • 4 Pages

    HRM Practioner Case Study

    Not every company have big resource to made a huge equity right now, this is where HRM practioners play their roles to make smaller gestures to increase employee’s extrinsic motivation. Below are examples that can be used by HRM practioners to motivate their employees if the company is having difficult time to give big reward to their employees. 1) Gamification. Gamification is used by company to motivate their employee by creating healthy competive among…

    • 898 Words
    • 4 Pages
    Improved Essays
    Read More
  • Improved Essays

    Hana Bank Case Study
    • 705 Words
    • 3 Pages

    Hana Bank Case Study

    The 21st-century business arena is characterized by high competition and tumultuous market trends. And yet, to remain relevant and sustainable in a highly competitive free market economy, business is expected to craft an edge in whichever niche it operates. At this point, employees and how you manage them becomes critical towards realizing organizational objectives. Human resource management (HRM) has the obligation to plan, execute, hire and take control of the staffing process. Moreover, the HRM is also required to ensure professional growth of employees and company development schemes for a firm.…

    • 705 Words
    • 3 Pages
    Improved Essays
    Read More
  • Superior Essays

    Importance Of Hrd Strategy
    • 1457 Words
    • 6 Pages

    Importance Of Hrd Strategy

    Since the 1980s, many human resource scholars have attempted to define the meaning and function of HRD and argued to include the strategic perspectives and the linkage between strategy and HRD to complement the SHRD theory and importance to organizations. SHRD essentially is a ‘high-road’ HRM strategy which emphasise high involvement, rewards and commitment. It is an approach to ensure employees have the required competence for high performance. This goal is to be achieved through a holistic HRM approach with appropriate recruitment from external, internal promotion and training and development. It also facilitates the development and reinforcement of the targeted behaviours and establishes an appropriate framework for individuals and the organization interact with each other.…

    • 1457 Words
    • 6 Pages
    Superior Essays
    Read More
  • Improved Essays

    Strategic HR Planning
    • 828 Words
    • 4 Pages

    Strategic HR Planning

    HR Planning Strategic HR planning is imperative to the success of any business or organization. It is crucial that the knowledge, skills, and abilities of all employees are known and any additional upgrading and education to be updated and kept current in the HR records. The following is a guideline for management and employees to consider for forecasting future manpower requirements to maintain a competitive advantage in the marketplace. Forecasting future HR requirements requires all management to work with the HR specialist to develop a plan every year for the following year based on market surveys and forecasts, keep apprised of manpower requirements on upcoming successfully bid projects, and know the manpower requirements of potential…

    • 828 Words
    • 4 Pages
    Improved Essays
    Read More
  • Improved Essays

    Maersk Group Case Study
    • 965 Words
    • 4 Pages

    Maersk Group Case Study

    In the case study, A.P. Møller - Maersk Group: Evaluating Strategic Talent Management Initiatives, showed a spectacular example of why it is vital to align the function of a firm’s human resource department and the businesses overall strategic plans. Alignment of HR strategy with organization strategy can create the competitive advantage organization seek and need over their competition. This association across the company became essential when the low turnover rate begin to increase during the shift of the Maersk Group, a family-owned firm to a worldwide trade company. After the recession in 2008, the HR department of Maersk took into consideration to start to align the employee hiring process in the global company. Primarily, there was…

    • 965 Words
    • 4 Pages
    Improved Essays
    Read More
  • Superior Essays

    Human Resource Management In Modern Enterprises
    • 1650 Words
    • 7 Pages

    Human Resource Management In Modern Enterprises

    How to Conduct Modern Enterprises’ Human Resource Management Introduction Human resource management in modern enterprises does not mean responsibilities only for HR Department. It is the work of the whole enterprise, especially for the senior management. Human resource management is being considered much more valuable. The nature of enterprise management is to realize a certain goal of the enterprise. It refers to activities carried out for training, exploiting, utilizing and coordinating, in virtue of limited resources.…

    • 1650 Words
    • 7 Pages
    Superior Essays
    Read More
  • Improved Essays

    What Is The Nature Of HRM?
    • 1021 Words
    • 5 Pages

    What Is The Nature Of HRM?

    The debate over the nature of Human resource management (HRM) has been going on for a long time now. However, the focus of this debate has shifted from the personnel management and HRM to strategic HRM (SHRM) and to what extent it can be the means of acquiring competitive advantage for a business (Budhwar and Sparrow, 1997; Barney, 1991). SHRM is the HRM practices and strategies with the corporate strategy (Bennett, Ketchen & Schultz, 1998). There are various HR strategies and practices that can be used to improve the organisational performance, However, these practices differ between sectosr, firms and occupations. This essay gives an insight into these practices and how and why do they vary in different contexts.…

    • 1021 Words
    • 5 Pages
    Improved Essays
    Read More
  • Improved Essays

    Five Major Challenges In Managing Human Capital In International Market Case Study
    • 1396 Words
    • 6 Pages

    Five Major Challenges In Managing Human Capital In International Market Case Study

    In a nutshell, we found that there are few challenges that bring the impact of human capital development on strategic planning process among the organizations. There are two basic major challenges in managing human capital which is from local market and international market. The challenges in managing human capital in local market basically are from the internal of company such as skilled of employees. However, the challenges in managing human capital in international market were influenced by external environment factors such as economic, culture and so on. Thus, to overcome the challenges, companies should learn to leverage global talent markets which is enhance their human resource strategies to contribute for strong performance.…

    • 1396 Words
    • 6 Pages
    Improved Essays
    Read More
  • Great Essays

    What Is HR?
    • 2192 Words
    • 9 Pages

    What Is HR?

    Human Resources need to be an integral division within a company to ensure the investment in human capital is utilized in the most effective and efficient way to accomplish the business’ strategic goals. Individuality brings unique insight, worldview and skill to the overall body an organization so it can work as one. The strategic partnership of HR and leadership will increase the overall effectiveness and utilization of their their employees to help the company achieve its mission, vision strategy and goals, but let us remember, success is not possible unless we adhere to Proverbs 16:3 “Commit to the Lord whatever you do and he will establish your…

    • 2192 Words
    • 9 Pages
    Great Essays
    Read More
  • Great Essays

    Human Resource Department Analysis
    • 2066 Words
    • 8 Pages

    Human Resource Department Analysis

    Human Resource Management (HRM) is an important part of every business, large or small. The HRM department is defined as managing of human skills and talents to make sure they are used effectively and in alignment with an organization 's goals (Youssef, 2012). The importance behind the HRM department is to increase the effectiveness and contribution of employees with the organizational goals and objectives. The focus of this paper is to define each section and elaborate on how these area may affect individuals in the work place and even at home. The selections made are; HR planning, recruitment and selection, HR development, compensation and benefits, safety and health, employee and labor relation and EEO and affirmative action.…

    • 2066 Words
    • 8 Pages
    Great Essays
    Read More

Related Topics

Ready To Get Started?
Discover
Company
Follow
©2024 Cram.com
Privacy Policy |  About Ads |  Site Map |  Advertise  | 
  • Cookie Settings