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Strategic HRM in business context

Further, Human resource function in any given organizations looks to enabling, self-development and create a bond between the two most important aspect of the organization " Employer-Employee-Engagement."

HRM also encompasses the governing of employees in various corporates & institutions from micro & macro level, while maintaining parity between the employers and employees relationship. This approach focuses on the objectives and outcomes of the HRM function.

The word Human Resource Management came into effect first-time post the world war II with the return of the soldiers back home & the rehabilitation process got initiated for them to take part in the main steam in earning their livelihood. Since then the HRM has evolved with changing industrial demands. HRM involves managing people in organizations in a structured and planned manner. HRM covers the fields of recruiting, retaining & managing the exit process  through various HRM policies from salary scales to incentives concerning the performance.

Starting September, multinational management consulting firm Accenture will officially get rid of its performance reviews as part of a 'passive revolution' in internal operations. 'Imagine for a company of 330,000 people, changing the performance management process it's huge Pierre Nanterme, CEO of Accenture told The Washington Post. 'We are going to get rid of probably 90 per cent of what we did in the past.

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Strategic HRM in business context Assignment Sample

Q1:

Answer:

While determining employee performances, it is essential to see their productivity level in the organization. The workers in an organization play various driven activities while achieving the goals ...

Q2:

Removing all formal performance management reviews may have immediate financial benefits for a firm, but could the resulting issues create problems that end up costing the firm much more than they save?

Answer:

The employee performances often involve the reviews, feedbacks and discussions; these planning actions are taken to the next level while reviewing the employees based on their achievement and activ ...

Q3:

With the understanding that formal performance reviews will not be reinstated, provide some recommendations for how Accenture could effectively monitor, assess, and improve the performance of their employees.

Answer:

Most of the companies have been complicated in terms of utilizing the time and resource with the improvement in performances. The organization also explores the operational expenses of an employee. ...

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