HUMAN RESOURCE STRATEGY

 

 

 

 

 

 

 

 

 

Human Resource Strategy

 

HR Strategy

 

Introduction

The purpose of this paper is to focus on the Human Resource strategy. The paper is divided in to two parts. The first part of the paper explains strategic HRM perspectives; key factors work practices and challenges that Innocent should consider to have sustained competitive advantage. It further discusses about the term “High Performance Work Practices” (HPWP). The paper gives evidence about the Innocent case study to suggest that this is a useful concept in helping organisations to maximise the contribution of their employees and thereby contribute to the competitive advantage of the organisation. The second part of the paper discuss the term “Talent Management” and explain how talent management is related to strategic HRM. The paper identifies and analyse the issues (e.g. practical, personal, ethical) that could arise from the operation of a talent management programme in an organisation.

 

Discussion Part 1

From a strategic HRM perspective, what are the key factors, work practices and challenges that Innocent should consider if it is to sustain competitive advantage?

To have sustain competitive advantage Innocent management must prepared for any tasks and operations and lead the rest of the team towards continued success. Innocent Management should be equipped with the right skills in planning, leading, organizing and establishing operating standards. This is because the Innocent management is the one who will eventually be focused in developing the organization instead of operations and technical aspects, a higher understanding of this responsibility is essential, and this also plays a significant part once competition is put into the whole picture. As majority companies frequently fail because of a number of reasons and mismanagement can be one of these reasons.

Operations may at times get out of control if personal agendas and politics are placed in the organization, also in growing companies, this should be monitored and prevented. Developing not only Innocent management but also its employees is significant for the human resource department. This helps to keep up with the competition. Employees should be given of reasons, to stay with the company, and do their jobs exemplary well. They have to earn their stay in the Innocent. Their continuous growth, the right compensation and benefits, and work-life balance are just some of the things that motivate employees to perform better, producing better results for customers and ultimately, the company. This is normally ensured by the human resource department (Briscoe, 2004, 233).

For an organization, like Innocent it is important to be globally competitive in this era of globalization. Competitive advantage of an organization does not dependent on the financial resources of organization alone, but it is also dependent on the human resources of the company. Thus, an organization has to achieve employee's competitiveness also in order to gain competitive advantage of the overall organization. According to recent research, there is a considerable relationship between organizational performance and practices of HR. This research has resulted that an increase in the use of high performance with one standard deviation, increases twenty percent overall performance of the firm ...