Global Human Resource Management Samples †MyAssignmenthelp.com

Question: Discuss about the Global Human Resource Management. Answer: Human resources are the most valuable and significant assets of an organization. The success and failure of an organization depends on the competence and abilities of the people, who are working in that organization. Without creative and positive contributions of people, the companies cannot grow and succeed. In order to attain the goals and objectives of the organization, they need to hire the human resources with effective and required skills, experience and qualifications. The human resources of an organization are very important, as the qualities and abilities of human resources cannot be replaced by any machine and they are largely connected with the profitability of organization. There are many tasks and business functions, which cannot be completed without recruiting human resources (Chand, 2016). These functions are such as; cash flow management, making business transactions, communication through all the media and handling and talking with the customers. There are so many studies, which have shown that, effective and efficient utilization of human resources contributes to the get better productivity and performance. In todays work place, it is accepted that the employees are the major strategic resources for organizations because their ideas, expertise, knowledge and their work and services bring innovations, enhance product developments and make better relationships with the customers and other clients. These activities in turn enhance the organizational performance by various means, like; increasing profits, enhancing the productivity and increasing the customer base. For example, Sears, an MNC in the United States credited its success by believing in the 3 Cs, i.e. compelling place to invest, compelling place to work and compelling place to shop (Bagga Srivastava, 2014). The top management of the company responded that by the optimization of human resources, like; enhancing motivation and skills, the organization is able to be an attractive workplace for employees and venue for the customers to purchase the products with the higher satisfaction. Human resources are a significant part of successful business strategy. The business managers of successful organizations realize that significance of motivated and properly trained employees to attain the goals and objectives of organization. Human resources have a huge impact on the HR business strategy of organization. It can be seen in the organizations that there are some tools, capabilities, competencies and operation of human resources, which support the company in bringing its strategy to existence. HR at different levels can assist the organization to process the different activities of strategic planning. In an organization, the managers are responsible for sharing the objectives, goals and other targets to the people. They do this in the ways that they can feel that they are the important part of the process and have an important role in success of HR business strategy of organization (Hendry, 2012). Moreover, the HR department empowers, enables and engages the human resou rces for the objectives of the organization. The top management of an organization conducts training and development program for increasing and transferring the skills, knowledge and abilities, which are required to obtain the goals. The strategic planning of the training promotes the business objectives. The evaluation of this training programs outcomes helps in determining that the training is effective for its business strategy (Purce, 2014). Thus, the HR operations can impact the business strategy of an organization. There is an example of a firm, i.e. Arthur Anderson, where HR participates in formulation of strategy by providing information about the core aspects of the organization. In this organization, the unique and specific capabilities of HR work as a driving factor in the strategy formulation and converting it into reality. The firm got succeed by using its human resources in implementing and processing its business strategy. References Chand, S. (2016). Strategic Human Resource Management. Retrieved from https://www.yourarticlelibrary.com/hrm/strategic-human-resource-management-meaning-benefits-and-other-details-hrm/35236/. Bagga, T. Srivastava, S. (2014). SHRM: alignment of HR function with business strategy". Strategic HR Review, Vol. 13 Issue: 4/5. Hendry, C. (2012).Human resource management. Routledge. Purce, J. (2014). The impact of corporate strategy on human resource management.New Perspectives on Human Resource Management (Routledge Revivals),67.