HUMAN RESOURCE MANAGEMENT

The Nature and Practice of Human Resource Management in Organisations

The Nature and Practice of Human Resource Management in Organisations

Siemens Company

Siemens is one of the innovative Multinational Company (MNC) which is operating in Energy, Healthcare, Industrial and Metropolitan city products. Siemens has 410,000 employees in all over the world. Company believes that its employees are strategic strength. In this regard, company is investing huge time, money and energy in order to motivate employees. Company gives high priority to the employees and provides best working environment The Company has applied Strategic HRM in order to manage its employees in the best way.

Strategic HRM Approach

An organisation can't construct an exceptional group of working experts without great Human Resources. The key capacities of the Human Resources Management (HRM) group incorporate enlisting individuals, preparing them, execution examinations, inspiring representatives and additionally working environment correspondence, work environment wellbeing, and a great deal more. Strategic HRM is the formation of a competitive labor management capacity of the organization by taking into account the current and upcoming changes in its external and internal environment.

This approach enables the organizations to survive, develop and achieve their goals in the long term. The aim of the Strategic HRM is to effectively use of employees not only at a given time, but also in the long term. This approach also aligns the goal of company and the direction in which it is moving (Armstrong, 2012). When there is any change in the activities of company, there is also change in the size, structure, training, qualification and skills of employees. In addition, companies also take various steps for the sake of dedication and motivation of employees.

Why Siemens use this approach

There is no any denying the fact that Siemens is leader in many technological industries. It is not only facing domestic but also international competitors. In order to globally compete, company has to be strategic in every unit of business. Company knows the HRM strategy is the integral part of whole organizational strategy (Armstrong, 2012). This is the reason company treats its employees as assets and defined all the terms and conditions which are necessary for strategic HRM.

Siemens has invested in the lifelong learning and training as a sustainable process.

Company believes on Equal Opportunity Employer and does not differentiate employees on the basis of language, colour and ethnicity. Simple, there is diversity on the basis of best.

There is no nepotism and favouritism. The recruitment, training and other promotional opportunities on merit and endeavour for best is the policy of company.

Company has highest regard for the rights of employees.

They give job security, bonuses and accept the fundamental human rights. It faces the challenges of employees in 190 countries and solves the on priority basis.

Best Practice Model of HRM

The high performance work or the best practices are considered to be HR system and methods that have positive effects on the performance of organization. it is universal fact which many companies are applying and getting desired results (Hislop, ...