Model of Strategic Management of Human Resources: Scenario Building From Human Resource Management Perspective

Model of Strategic Management of Human Resources: Scenario Building From Human Resource Management Perspective

Model of strategic management of human resources; building a scenario from Human Resources management perspective was the outcome of this study. Organizations are increasingly looking at HRM as a unique asset that can provide them with sustained competitive advantage .The organization’s philosophy on how to manage its workforce, its policies, therefore needs to be well defined to enhance its ability to attract and retain the right calibre of employees to provide it with the required competitive advantage. Any business entity poised to make impact and to be relevant in the present-day dynamic business environment must plan strategically .Management must paint scenarios, anticipate the environment and be proactive or forward-looking, set realistic objectives and develop strategies and plans of action to achieve those objectives. The issue is not anticipating the future, but making fundamental decisions based on foresight. Organizations have been increasingly aware of the importance of understanding what is going on in their environment and among their audiences. Various methods are employed through Trade Unions, relations with employees, media monitoring, or conducting surveys. Moreover, a number of human resource scholars and professionals have maintained that practical steps and process should be put in place to discover problems in their initial stages before they affect the organizations.