Introduction to SHRM

Strategic human resource management is the process by which an integrated policy on the human resource system of an organization is formulated and how it can be utilized to achieve the goals of the organization. It consists of four functions, namely, human resource collection, development, conservation and utilization of human resources. It adheres to certain rules and regulations, such as accepting challenges, ensuring responsibility and accountability, considering the environment, reflecting the overall objectives of the organization, etc. The main goal of this management is to survive in the market competition. The feature of this management is that it considers the external environment. These include the goals, principles, characteristics, advantages and disadvantages, fundamental differences between traditional human resources and strategic human resource management, various aspects of strategic human resource management, its practical impact, best practices, etc. By gaining thorough knowledge about these, it will be possible to implement human resource management more effectively in the organization.

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