Strategic Human Resource Development

Strategic Human Resource Development
Name
Course
Instructor
Institutional Affiliate
Date
Strategic Human Resource Development Sustainable growth and development is a common objective for organizations worldwide. It thrives on the ability of an organization to develop and implement strategic interventional measures toward promoting its competitiveness in the increasingly competitive economic sectors. One of the strategic interventional measures for increasing and maintaining an organization’s competitiveness is the development of effective human resource management practices. Effective human resource management practices align the executives, managers, and employees with the organization’s growth objectives (Alagaraja, 2013). Such practices thrive on integrating the individual knowledge and skills of executives, managers, and employees with the organization’s growth objectives. In essence, human resource management focuses on integrating the diverse competencies of its human workforce with the organization’s strategic orientation for sustainable growth and development. Executives, managers, and employees receive the necessary guidance or development to enhance their capacities to embrace the organization’s beliefs and practices tailor-made for achieving the set goals and objectives. However, the current era of a globalized economy and increasingly competitive global markets is characteristic of emerging issues and challenges in the workplace that require more than having a workforce that meets the competencies for realizing the organization’s strategic orientation (Garavan, 2016). For instance, globalization and the increasing use of advanced technologies in executing daily operational activities raise emergent issues and challenges for human resource management. The issues of discrimination and bullying in the globalized and technologically advanced global economy justify the diverse mutations witnessed in human resource management toward mitigating the effects of these emerging issues and challenges. Among such transformations in the field of human resource management was the emergence of strategic human resource development. Strategic human resource development (SHRD) enhances the flexibility of the workforce’s competencies to deal with emerging issues and challenges in the workplace for maximum capitalization of potential toward maintaining the organization’s competitiveness (Parameswaran, 2020). Strategic human resource development (SHRD) plays the crucial role of enhancing the efficacy of human resource management practices to meet the demands of the increasingly dynamic business contexts across different economic sectors worldwide. It entails the incorporation of strategic training, employee development, and organizational development (Garavan, 1995). Strategic employee development involves the holistic enhancement of the organization’s human resource competence to accommodate the emerging changes and challenges in the workplace to maintain its strategic orientation towards the key objective enshrined in its business plan (Parameswaran, 2020). On the other hand, strategic organizational development involves adopting strategic hu...