Nowadays Traditional HRM Strategy How Changes

Strategic human resource management (SHRM) takes the ideas one step further by emphasizing the need for HR plans and strategies to be formulated within the context of overall organizational strategies and objectives, and to be responsive to the changing nature of the organization's external 'environment' (i.e. its competitors, the national and international arenas). A strong implication of SHRM theory is that HR plans and strategies should be developed on a long-term basis, taking into...
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Strategic human resource management (SHRM) takes the ideas one step further by emphasizing the need for HR plans and strategies to be formulated within the context of overall organizational strategies and objectives, and to be responsive to the changing nature of the organization's external 'environment' (i.e. its competitors, the national and international arenas). A strong implication of SHRM theory is that HR plans and strategies should be developed on a long-term basis, taking into account likely changes in the society, industrial relations systems, economic conditions, legislation, global and technological issues, as well as new directions in business operations.People is the source of competitive edge, there are different ways of competing are significant for managing human resources because they help determine needed employee behaviors. That is, for competitive strategies to be successfully implemented, employees have to behave in certain ways. And for employees to behave in certain ways, human resource practices need to be put in place that help ensure that those behaviors are explained, are possible, and are rewarded. SO REWARD STRATEGY IS ONE IMPORTANT FACTOR TO INFLUENCE ANY NOWADAYS ORGANIZATIONAL SUCCESS.