Strategic human resource management Essay Example | Topics and Well Written Essays - 3000 words

strategic human resource way - Essay ExampleThe business organisation tends to exits in a hawkish surroundings and often faces issues like scare resources which needs to be managed effectively and thus gives the organization a competitive advantage. Thus applying the definition of strategic human resources, it can be said that it is a farsighted term focus, provides a linkage in between the human resources and strategy process, enhances effective exertion and in the end foster excellence corporate skills (Deb, 2006, p. 45-48). The main purpose of HR strategies is to articulate the intention of organisation link up policies and practises and as per the dictum of Fomburn (1984) the business and the manager needs to per take a crap well in the current environment in order to succeed in the future business environment. Strategic human resource management has various sectors such as recruitment and selection, training and development, slaying management and others. However this pa per provide talk widely about performance management and performance related collapse (PRP). ... Reward is a key practise in the framework of performance management strategy. Reward systems are of two types, nonpareil is monetary component of reward management which tends to fulfil the needs of employees such as hygiene factors, protective covering and physiological needs and second factor is recognition and job satisfaction (Kandula, 2006, p. 59). The logic behind implementing the performance pay up by organisation is as follows, PRP focuses on the effort where the organisation actually requires it PRP supports the culture of performance oriented The PRP scheme emphasis the performance of individual PRP aims to strengthen the process of performance planning PRP rewards the serious employee and hence motivates to work more (Salaman, Storey & Billsberry, 2005, p.178). Therefore PRP is an essential and important tool use by organisation to enhance the performance of both the emp loyees and the organisation as a whole. The next section deals solely with performance related pay and aim to answer to the proposition whether the disadvantage of performance related pay outshines the advantage of PRP schemes. Performance-related pay systems The various forms of paid employment which also includes remuneration on base pay tend to have performance expectation or standard attached to it. According to Behrend, every form of employment which is paid involves effort bargain and also pay bargain. Performance standards are highly unexpressed and thus are open to contestation and misunderstanding of psychological contract. Strategic decisions which take place at the board level encompass performance related pay mainly for senior managers and directors. The PRP is often regarded as motivational tool for the top level management to achieve the target which