The strategic role of Human resource management
THE STRATEGIC ROLE OF HUMAN RESOURCE MANAGEMENT The Human resource function has to always prepare a promising case for any activity that they propose as it is perceived as expenditure by the financial heads. The HR budgets are pared the first in the times of financial crisis. The field of SHRM, facilitates the HR department to demonstrate the value of HR function to the organization In 1984, Devanna, Fombrun and Tichy could link the HR and corporate strategy and laid the foundation for new field in HR i.e. SHRM. SHRM focuses on aligning human capital with the corporate strategy to increase competitiveness of the organization. According to Aswathappa (2004), “the advent of SHRM has brought forward the issues of linkages between the employer-employee relationships and wider organizational strategies and corporate objectives”. Since, the ‘employee’ is at centre of the business as the competitive advantage, the role of SHRM becomes critical. The organizational ...