The Age of Oversupply: Why the Future Would be Demanding on the Present Generation
February 7, 2025
Bankruptcy is one of the natural states which a company may find itself in. Entrepreneurship is primarily about taking risks. When companies take risks, some of them succeed, whereas others fail. Hence failure is a natural part of the business. However, many critics of bankruptcy laws believe that there isn’t a need for an elaborate […]
The Wirecard and Infosys Scandals are a Lesson on How NOT to Treat WhistleblowersWhat is the Wirecard Scandal all about and Why it is a Wakeup Call for Whistleblowers Anyone who has been following financial and business news over the last couple of years would have heard about Wirecard, the embattled German payments firm that had to file for bankruptcy after serious and humungous frauds were uncovered leading […]
Why the Digital Age Demands Decision Makers to be Like Elite Marines and Zen MonksHow Modern Decision Makers Have to Confront Present Shock and Information Overload We live in times when Information Overload is getting the better of cognitive abilities to absorb and process the needed data and information to make informed decisions. In addition, the Digital Age has also engendered the Present Shock of Virality and Instant Gratification […]
Why Indian Firms Must Strive for Strategic Autonomy in Their Geoeconomic StrategiesGeopolitics, Economics, and Geoeconomics In the evolving global trading and economic system, firms and corporates are impacted as much by the economic policies of nations as they are by the geopolitical and foreign policies. In other words, any global firm wishing to do business in the international sphere has to be cognizant of both the […]
Why Government Should Not Invest Public Money in Sports Stadiums Used by Professional FranchisesIn the previous article, we have already come across some of the reasons why the government should not encourage funding of stadiums that are to be used by private franchises. We have already seen that the entire mechanism of government funding ends up being a regressive tax on the citizens of a particular city who […]
Human Resource Management is the most critical function of any organization as it deals with the most complicated problems - the people problems, especially when the organizations are operating in highly competitive and uncertain environments.
Strategic HRM lays emphasis on developing and implementing policies and strategies in order to get the desired output. Therefore, job analysis and strategic HRM are inter-related. In fact, we can say, establishing a person-job-environment fit is the basic function of SHRM.
Job analysis demonstrates who can fit at a particular place and why. The process promotes the alignment of other HR processes and functions. Additionally, it supports the organizational strategy to deal with talent crisis and market competition.
The process of job analysis involves collecting job-related information and assembling it together to design a corporate strategy that helps HR managers in determining whom to target and how to fill a particular job vacancy.
It also creates linkages between other HR verticals including recruitment and selection, training needs analysis, performance evaluation and appraisal, entry and exit of talent and many more.
Strategic Human Resource Management endeavors to connect all these HR functions with organizational goals, work quality, organizational culture, annual turnover and profit and tapping resources for future organizational needs.
SHRM is basically concerned with the strength, weakness, opportunities and threats of an organization.
The identification of organization’s competencies and flaws is extremely crucial for its success. It provides a clear vision to managers to source, recruit and retain people, develop their skills and competency, address their issues and concerns, motivate people to produce desired output and ensure future planning.
Job Analysis, being an integral part of strategic planning, provides a detailed analysis of tasks and responsibilities, risks and hazards, functions and duties, tools and equipments to be used and the expected output.
The main objective of conducting the process is to understand who to fit at a particular place to get the work done. Whereas, the fundamental aim of Strategic Human Resource Management is to determine how to exploit human capital to achieve organizational goals.
Job Analysis deals in determining the training needs analysis of employees to get the desired output whereas SHRM decides upon the training content, when and how to train the employees to increase the output to achieve higher business profits.
To successfully plan the future strategies of a company, the process of job analysis serves as the basis. If information collected during the process is genuine, managers can make effective strategies and policies in advance and can remain pro-active to deal with unforeseen situations.
The main aim of conducting job analysis process is to determine the things affecting human behaviour in an organization. The idea is to find out if they are competent enough to perform the assigned job successfully or they need to be placed somewhere else.
Strategic Human Resource Management is all about making strategies and policies to place right person at the right place and at the right time to get the maximum out of an employee. In other way, it is concerned about optimal utilization of human resources.
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