Human Resource Management
Individual Coursework 05March2010
The human resources functions constantly face problem for demonstrating its value tothe organization. Especially during economy crisis, the basic strategic of HRMcomponent (
) shall be the earliest cutbacks from expenditures list (Patrick et.Al., 2001). Recently, there is a growing awareness that human capital is perhaps amost critical asset for an organization, but it is a frustrating to measure the ROI fortheir considerable expenditure on people. Mercer Human Resource Consulting andCFO Research Services (2002) have conducted a survey to acknowledge theimportance and responsibility of managing human capital. The survey (
)showed 92% think that human capital as a key driver for customer satisfaction, while82% think it has great effect on profitability and 72% for innovation and new productdevelopment. Many research literature and among practicing manager are coming tosee human capital as a source of value and competitive advantage.Nowadays, most HR department implementing strategic human resource management(SHRM) by integrating HRM into planning process, emphasizing HR activities thatsupport goal and building strong relationship with employees to accomplishorg
This paper identifies the key challenges facing SHRM goingforward and new directions in scholarship and practice of SHRM. Secondly, it willattempt to discuss, analyze and contrast the SHRM deployed by Sears and HermanMiller. It also highlights the significant of a differentiated SHRM practice across thefirm but also within firms. Finally, we will assess the state of SHRM practice in SSCS,both remarkable progress and the challenges facing.