Strategic Human Resource Management

Strategic Human Resource Management

Literature Review

The term human resource development and the essential use of HRD strategy is perceived in accordance with the prevailing current international practices. This means that lifelong learning and education - both informal and formal, are essential parts of SHRM. It includes learning from experiences. This is informal learning. Experience orients employees towards enhanced employment opportunities, increased skill sets and better performance of individuals and teams. It includes a wide array of incentives, opportunities and activities in various sectors including public or private administration, economic practice and opportunities in the education system.

A scientifically accepted definition of HRD is in practice essentially liberal. (Wright & McMahan, 2011) are aware that even large and relatively loose concept of HRD does not necessarily cover all aspects and components of human development. The broadest concept should include health, adequate and healthy food, work and life hygiene, physical education, care for the environment, cultural development and the overall working and living condition (Chen & Huang, 2009). These important connections note and recommends to the development of human resources with devoted attention. The concept of human capital used in terms of stocks of knowledge and skills embodied in the labor force, which are the result of education and experience and value to the work force (Lengnick-Hall et.al, 2009).

The concept of lifelong learning is defined by Chen & Huang (2009), as all appropriate formal and informal learning activities, which are continuously implemented with the aim of improving knowledge, skills and professional qualifications. The author speaks of lifelong learning as a lifelong educational continuity. Furthermore, the article introduces the concept of lifelong learning which draws attention to the extended learning to take place continuously; regardless life stage, location, time and form teaching Chen & Huang (2009).

According to Lengnick-Hall et.al (2009), ...