The strategies of human resource management and planning

This is an assignment that discusses the strategies of human resource management and planning. The paper focuses on the various human resource management aspects.

The strategies of human resource management and planning

Week 1 will provide an overview of the challenges and benefits of aligning HRM activities with key business initiatives. During this week, we will also asses the organizational strategies that could be impact by Expectancy and Equity Theory as well. Examine the specific business environment of a firm. Overall, this unit will provide an overview into the strategies of human resource management and planning.

Human resource management (HRM) is the “managing of human skills and talents to make sure they are used effectively. Additionally,  in alignment with an organization’s goals” (Youssef-Morgan, 2015).   Strategic human resource management involves a “future-oriented process of developing and implementing HR programs that address and solve business problems and directly contribute to major long-term business objectives.” (SHRM, 2015).  It is the relationship between human resources and the organizations performance.

The strategies of human resource management and planning

Therefore, strategic HRM is the practice of aligning the organization’s overall business strategy with human resource practices. This is to achieve the overall strategic goals of the organization. This type of practice uses processes to promote a better workplace environment and employee relations as well as a competitive advantage using employees which are its human capital.  To be successful, the organization needs to properly align its goals with its employees for all aspects of operations.  For example, HR managers are responsible for ensuring compensation and benefit structures development in accordance with the market and competitive to recruit and attain qualified talent.   Additionally, employee training and development should be aligned with organizational goals as well as provide motivation to employees to improve retention.

A common theme observed in modern organizations today is the poor alignment of business strategy and HRM strategy. Find an article(s) through ProQuest which discusses the benefits of aligning HRM activities with key business initiatives. Then, discuss the challenges and the opportunities of doing so. Present your findings in 200 words or more in your discussion post.
Describe how to utilize the model to attract, develop, and retain high-performing employees. Recommendation, target employees that will be used to populate your Capstone firm (See Week 1 Assignment). Support your post with at least one current and relevant article. Present your findings in 200 words or more in your discussion post.