Approaches of SHRM
Human Resource Management (HRM) encompasses undertaking management practices and decisions that have a direct impact on human resources of an organization. The market environment has become increasingly competitive characterized by a plethora of complex and dynamic operating environments. To maintain sustainability and competitive advantage, firms have to develop strategies focusing on the core competencies and points that differentiate them from their competitors (Becker, and Huselid, 2006). This form of using strategy to improve the competitive advantage is Strategic Human Resource Management (SHRM). While HRM focuses on the general management of human resources or people in organization, SHRM focuses on the effective ...
