Human Resource Strategies Discussion

Human Resource Strategies Discussion

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Introduction

Human resource strategies are the future of the success of organizations. For a long time, HR has been a part of the organization but only deals with a limited aspect of the organization. Nevertheless, with the changes in the business environment, HR has turned out to be a critical element that can aid companies to become more competitive in the wake of rapid competition. However, companies need to understand how HR strategies can be incorporated within every aspect of daily operations to create a competitive advantage. Human resource leaders should be identified as a critical part of the organization and added to the list of the CEO and the CFO. They have always had relationships and thought to be the driving forces of the company. Organizations need not blow up their HR but instead, grow it so that it evolves and matures to benefit the organization Human Resource Strategies Discussion.

Terms of Reference

What is the article all about?

why should organizations consider using HRM?

How can leaders and those who read this article benefit?

Article Summary and Background

For HR strategies to be effective within the organization, they need to learn the business language, which means how to talk. For a majority of the companies, the primary language is finance. HR leaders need to get hold of the finance language, which will consequently enable them to prove to the boardroom as well as the entire organization the role of HR and how its activities affect the company’s operations. Notably, HR is concerned with people and organizational elements such as financial, operational, strategic, as well as non-financial risks. Mastering this language can enable HR to measure its impact within the organization since the productiveness of its operations can be identified. Furthermore, improving HR is all about learning to play with the underlying purpose of the organization. This entails interaction within the firm. Considerably, business leaders want to understand who to interact more with their employees instead of having to manage them since interacting with them results in higher productivity. Integrating HR within the company can assist the leaders in understanding how they can better communicate with their employees at a higher level and especially how to interact with the future workforce who have dominated the business environment as opposed to other generations. Business leaders require not only interpersonal but also talent management skills so that they can interact with their future workforce in the best way possible as well as get them to be productive. The partnership between chief human resource officers (CHRO) and the rest of the executives within an organization is the future of HR and can result in productiveness, and thus, competitive advantage. The use of technology alongside HR can revolutionize an organization since HR can identify challenges and provide advice or solutions in real-time Human Resource Strategies Discussion.

Impact of Employment Opportunities on HR

With the growing number of companies entering the business environment, talent has grown to become a significant source of competitive edge. This means that companies are continually looking for a highly skilled pool of employees who can help the company increase its profitability through its productiveness. The development of employment opportunities has an impact on the global practice of human resource management. Notably, it is the role of the hiring managers to survey and interview new applicants whenever there is a job vacancy within the organization. Whenever the hiring managers deem the applicants not suitable for the company, they feel that this will force the HR department to increase its recruiting operations as well as costs. Nonetheless, the global practice of HRM is affected in that the HR leaders have to work closely with other departments such as the supply chain logistics to have a real scope of the challenges as well as opportunities when managing talent sources, and thus, go for logical trade-offs. With increasing employment opportunities, HR can consider the entire breadth of hiring. For example, HR leaders can scrutinize the hiring managers to identify whether they have the required negotiation skills. Furthermore, HR leaders can help identify the different sources that the company can turn to for employees whenever the applicants do not meet the set criteria. Therefore, employment opportunities result in the development of better human resource management strategies.

Benefits of the Article

Reading this article can be useful to MBA students and the employees of today’s world in various ways. For MBA students they can learn the importance of HR in the business environment and how they can integrate it in their operations. They can learn that as aspiring leaders, they need to have better relationships with their employees and not strive to manage them but to work with them. Even when managing their employees, they should strive to do so not only effectively but also efficiently. This article explains to the MBA students that management skills are vital. A significant majority of managers lack the skills needed to manage their workforce effectively. With the help of HR strategies, managers can improve their skills and result in better productivity since they will interact with their employees at a personal level that inspires the employees to be productive. The article advocates for the importance of training within an organization. For example, Yamaha has continued to become productive because of its HR strategies and training. The employees can benefit from this article by understanding how HR can be useful to them. HR only requires evolving and maturing to help the employees become productive. Considerably, HR is concerned with the needs of the employees and increases their productiveness within the company so that they can be considered worthy investments.

Methodology

The central methodology used in this article is a qualitative methodology with case studies as the fundamental method. Notably, the authors have referred to several writings from other individuals; for example, the author refers to the book “Retooling HR” by John Boudreau when explaining the HR concepts. Ideas from different individuals have also been borrowed by the authors when explaining the importance of HR within organizations. A reference list has been presented at the end of the article to identify where the information was acquired.

Critique/Limitation

The principal limitation of this article is the use of the case study method. Although this method is effective and provides sufficient information, the information may contain some bias. More information should have been provided using other methods such as interviews and specific data to show the impact of HR strategies in organizations that have already implemented the strategy. Using one way is limits the scope of information that can be acquired concerning human resources Human Resource Strategies Discussion.

Conclusion

Human resource strategies have gained prominence in the recent past because they help organizations reach their potential. The partnership among CHRO, CEO, and CFO will change the face of HR. The use of technology will also play a significant role since it will boost the efforts of the HR department to identify challenges and provide solutions in real-time. Business leaders can acquire the relevant skills using HRM that help them manage their workforce not only effectively but also efficiently, which consequently results in productivity and competitive advantage. The information provided by the article is useful to everyone and especially business leaders since it provides them with critical information that can help them become better leaders.

Reference

A Harvard Business Review Analytic Services Report. (2015). The call for a more strategic HR: How its leaders are stepping up to the plate. Harvard Business Review, 1-11 Human Resource Strategies Discussion.