Benefits of Hrm Essay
Strategic HRM is based to the principles of HRM which is basically a management process that is carried out by the existing workforce in an organization. It includes functions such as attracting, selecting, and training, assessing and rewarding the employees and at the same time managing organizational leadership and making sure there are fulfillment …show more content…
According to the theorists strategic HR practices directly influence the human capital of a firm which can bring competitive advantage (Delery, 2001). Human capital comes from employees only who are motivated by the correct HR practices. Human resources add value to the firm and cannot be copied by the rivals therefore they are the cause for sustainable competitive advantage (Wright, 1994). Competitive advantage can be gained from training, working and payment security, rewards, recruitment process, practice measurements, high wage and all those activities that fall under HRM.
Other than this, it improves team working. Making a strategy with encourages communication helps employees and all stakeholders to feel that their ideas are given importance and that they are useful to the entrepreneur, thus boosting team spirit in the organization. Also it helps the management to supervise if all the actions are taken on time by the workers to achieve business goals, thus also keeps workers alter that they need to perform well as they are being supervised.
Employee commitment results in a productive