{"id":5613,"date":"2023-10-24T10:26:05","date_gmt":"2023-10-24T10:26:05","guid":{"rendered":"https:\/\/www.tutorsindia.com\/blog\/?p=5613"},"modified":"2023-10-27T09:56:44","modified_gmt":"2023-10-27T09:56:44","slug":"enhancing-organisational-performance-by-shrm","status":"publish","type":"post","link":"https:\/\/www.tutorsindia.com\/blog\/enhancing-organisational-performance-by-shrm\/","title":{"rendered":"SHRM practices for Enhancing Organisational Performance"},"content":{"rendered":"

Human Resource Management and the concept of SHRM<\/strong><\/h3>\n

The practice of Human Resource Management (HRM) is based on the assumption that the organisation’s most essential resources are its employees\u00a0and that organisational effectiveness is heavily reliant on them. For HRM to have a meaningful impact on organisational performance, an adequate set of human resource policies and processes must be designed and properly executed.<\/p>\n

Human Resource Management practices are concerned with the management<\/a> of employees in a company from the time they are hired till they leave the organisation. HRM practices include Strategic Human Resource Management (SHRM), knowledge management, organisational development, resourcing, performance management, learning and development, reward management, and employee relations (Phiri, 2022).<\/p>\n

Strategic human resource management (SHRM) refers to the strategy of developing and implementing human resources by modifying\u00a0policies and practices to improve the abilities and behaviour\u00a0of the employees. Unlike traditional HR practices, SHRM goes beyond the mundane administrative tasks and dives deep into the strategic aspects of human resource management. SHRM is a key component of every organisation that helps the advancement of individual and organisational performance (Orji, 2022).<\/p>\n

Importance of SHRM <\/strong><\/h3>\n

Strategic Human Resource Management aims to aid management in achieving excellence by assisting subordinates, providing opportunities for them to strengthen their leadership abilities, and assisting them in identifying their potential. The main goal of using an organization’s strategic goals is to get knowledge about those goals, and strategic human resource management can help with that and\u00a0uphold the organization’s standards in terms of goals and objectives (Storey et al, 2019).<\/p>\n

Maroof (2022) enlists the importance of SHRM for enhancing performance in organizations.<\/p>\n

\"Role<\/p>\n

    \n
  1. Aligning HR practices with business strategy<\/strong><\/li>\n<\/ol>\n

    HR plays a vital role\u00a0in bringing various stakeholders to the platform through successful partnering and collaborative actions. SHRM assists employees in understanding the big picture by ensuring that HR practices are clearly related to the company’s goal and vision.<\/p>\n

      \n
    1. Aids in prioritising goals<\/strong><\/li>\n<\/ol>\n

      In today’s changing economy, there are several ways to recruit, train, attract, invest in, and support individuals. However, it is impossible to take up every endeavor at the same time. Aligning with the business plan<\/a> gives HR a strategic focus and helps with goal prioritization.<\/p>\n

        \n
      1. Recruiting the right type of people<\/strong><\/li>\n<\/ol>\n

        While good people are always essential,\u00a0businesses may require various skill sets or positions at different times. Understanding the strategic goals of the business can help HR attract and retain the right talent at the right time.<\/p>\n

          \n
        1. Employee satisfaction<\/strong><\/li>\n<\/ol>\n

          HR practices are critical to employee satisfaction. Furthermore, human resource planning (HRP) and training and development (T&D) were found to have a favorable impact on job satisfaction. \u00a0Job satisfaction invariably contributes to improved productivity of an organization.<\/p>\n