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Individual Assignment: Strategic HRM Approaches
The current state of the field of strategic HRM
The field of strategic HRM today is more closely associated with strategic management unlike in the past when strategic HRM scholarship extended across several fields such as industrial relations, industrial-organizational psychology and personnel management among others (Magali & Pekovic. 2013). Strategic HRM in today’s increasingly competitive business environment is a response to the rapid social, economic, political and technological changes that characterise most economies. In response to these realities, organisations are seeking ways of using their human resources to gain and maintain a competitive edge over their peers. Strategic HRM is, therefore mainly driven by the need for business decisions to portray management’s thorough knowledge of the interdependencies that connect organisations and their external environments. Consequently, the general definition of strategic HRM today encompasses three essential constructs namely: (a) HRM systems, (b) HRM partnerships and (c) Multiple stakeholders (Magali & Pekovic. 2013)....
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