Implementing a Strategic Approach to Human Resource Management Within Revolution Bars

Implementing a Strategic Approach to Human Resource Management within Revolution Bars
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Implementing a Strategic Approach to Human Resource Management within Revolution Bars
Table of Contents 1.    Introduction. 3 2.    Issues to Consider. 3 2.1.     Strategic HRM... 3 2.2.     HRM Academic Models. 5 2.3.     Devolving HR Responsibilities to the Line Managers. 7 3.    Conclusion. 8 References. 9
1 Introduction
This report provides a recommendation to the human resource (HR) team at Revolution Bars, advising them on how to implement strategic human resource management (HRM). A strategic approach to HRM involves deciding the different ways of managing employees in an organization and putting those decisions into practice to facilitate high organizational effectiveness (Stewart & Brown, 2020). This approach ensures that the people management practices align with the organizations’ competitive business practices. Organizations can take various strategic approaches to HRM. Wilton (2022) states that the theoretical approaches to strategic HRM include the best fit, best practice, and resource-based view. The best-fit approach aligns HR practices with the business strategy, the best-practice approach aligns HR practices with high organizational performance, and the resource-based view approach produces a human resource advantage by matching human resources and opportunities.
Revolution Bars is a private company focusing on premium drinks and foods in the UK's high streets. In light of recent profit warnings, a decline in share price, and expensive staff turnover, the company has been looking to address its HR issues to facilitate organizational growth. The recently hired People Development Director, Fiona Regan, believes implementing a strategic HR approach is necessary. This report defines Strategic HRM, explores some HRM models, and explains the importance and challenges of devolving HRM to line managers.
2 Issues to Consider
1 Strategic HRM
A strategic approach to HRM is a process that links HR practices to the long-term goals and strategies of the organization. According to Biswajeet (2020), strategic HRM is an integrated process that aligns HR decisions and policies with organizational mission and strategy. Its goal is to create a strategic fit between HR and business strategies. This means that the HR manager has to ensure that available human resources are used effectively and efficiently to support the organization's business goals. Therefore, a strategic approach to HRM ensures that human resources provide a competitive advantage to the organization. It allows HRM activities to support and contribute to the achievement of organizational goals in a competitive business environment (Wilton, 2022). As a result, the organization experiences improved employee performance and productivity. Stone et al. (2021) add that a strategic approach to HRM allows HR teams to achieve the best fit between an organization’s internal strengths and weaknesses and external thr...