Shrm

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Shrm

Strategic Management of Human Resources

Section A: (Take around 15 minutes to answer each question, 1 or max 1.5 pages for each question)

1. What do we mean by the terms ‘Best fit’ and ‘Best practice’ to describe SHRM (Strategic Human Resource Management). Which is better? Use any short case examples to illustrate your discussion?

Answer:
By Definition
‘SHRMis that approach of HRM that refers that how all the aims and the objectives of the organization can be achieved through the people of the organization itself. It is a very critical approach of HRM. These objectives are realized by the employees of the organization, where each employee is given some objectives to achieve. Through this the employee also showcases his performance and thus grows.’

Two approaches of SHRM are: 1) Best Fit 2) Best Practice

Discussing both here below,

Best Fit Approach: takes into consideration all the circumstances that the organization is facing and hence create a best fit of strategies to best solve the problems.
These circumstances that the approach takes into account could be internal as well as external to the organization.
The people working in the organization become the center to the approach and it is these people that help is sort out the circumstances. The strategies thus developed under this approach focuses on the needs of the organization and the people.
This approach is said to be important and one of the best practices because it keeps into consideration the hard as well as the softer aspects that make up any organization (People and policies/strategies).
Through this approach the company gets to learn the things that shall be adopted and the things that shall not be. With this learning in place the organization can easily develop strategies best suited for them given the internal and the external conditions.

A lot…...

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