This website uses cookies to ensure you have the best experience. Learn more

Strategic Human Resource Management Essay

2839 words - 11 pages

In 1993, there were three men who decided to join into a new business venture (Steve Schlossberg, Larry Coltelli and Martin Kandell). Of the three men, one of them was a telemarketer for a timeshare company (Steve Schlossberg) while the other two men were timeshare salesmen for the same timeshare company (Larry Coltelli and Martin Kandell). One day, they decided to begin their own business together since they had about 30 years of experience between them.The three future owners had a vision to offer discounted vacations to different families in the United States. They felt that if they were able to offer quick, accurate and affordable vacations to different families, the families would eventually decide to purchase timeshare through their company. It was their vision that made them decide to name the company Accumen Sales & Marketing Group. The timeshare industry was a very hard business to succeed in since timeshare had a bad name for many years. They hoped that by naming the company Accumen, it would show their clients that they placed their focus on providing vacations that were accurate based on what the clients were promised to receive.Located in Daytona Beach, Florida, the owners believed that the company would have a great chance to succeed since the company was located in one of the biggest vacation destinations in the country. Hundreds of thousands of tourists came to Daytona Beach every year to enjoy different special events. They used events like the Daytona 500, Spring Break and Bike Week as their marketing strategy to lure and sell tourists on purchasing vacations and timeshare property.To start the company, the three owners managed to put together $15,000 they saved to cover all the start up costs of their outbound call center. This allowed them to lease out a location and hire a staff of ten telemarketers that would make the company $200,000 in its first year of operation. To ensure the company maximized their potential, the owners were firm believers that a company can only go as far and strong as their Human Resources department. Human Resources would implement the structure, policies and procedures that would allow the company to be profitable and managed properly.The most basic part of HR policies constituting a strategy for the company to follow. If a company chooses to spend a lot of money on training, this would be to benefit from the long-term benefits of sales. It would also be to reduce turnover and increase employee tenure. Internal inconsistency of HR policies can cause organizational failure and could compromise the company's overall performance. Ultimately, employees could choose to not to follow policy because it is their belief that no one follows it. This leads to a huge problem in sales production when working in a sales environment. If employees do not respect their employer and its policies, then there can potentially total chaos which could ultimately cause the company to lose large amounts of money....

Find Another Essay On Strategic Human Resource Management

Strategic Human Resource Management Essay

2035 words - 8 pages Strategic Human Resource Management However you define the activities of management, and whatever the organisational processes are, an essential part of the process of management is that proper attention be given to the Human Resource function. The human element provides a major part in the overall success of the organisation. Therefore there must be an effective human resource function. In the past, most organisations viewed Human Resource

Strategic Human Resource Management Essay

1780 words - 7 pages Human resource is the greatest and most important asset in any organization. This is because without the human resources an organization cannot achieve its goals. An organization need to develop a pool of labor so as avoid low labor turn over. For a company or an organization to develop a pool of labor it has to strategically manage the human resources. Strategic human resource management involves managing people with an aim of future direction

Strategic Human Resource Management

1450 words - 6 pages workplace and open book management style (Gireesh Sharma, 2010). The major HR practices are; human resource planning, compensation, appraising, union-management relationships, training and development and staffing. For the attainment of competitive advantage via the department, it has to have in place both strategic thrusts and targets. An organization always has four targets that it can use for competitive advantage. The activities represent

Strategic Human Resource Management

2057 words - 8 pages strategy based on innovative products. At the competitive stage, then, human resources are considered explicitly in conjunction with strategic management, particularly through the mechanism of human resource planning (2). Human Resource Strategies currently focus around quality, customer orientation, flexibility, commitment, involvement, leadership, team working and continuous learning (3). These themes of integration and a central

Strategic Human Resource Management - 2169 words

2169 words - 9 pages Introduction: -Define SHRM and HRM Strategic human resource management is concerned with implementing long-term human resource practices and policies that allow for the generation of skilled and motivated employees that the organization needs to remain competitive in the future. It is proactive, to ensure that if a problem or opportunity arises that, there are policies and practices already available to tackle these issues before it actually

Strategic Human Resource Management - 3340 words

3340 words - 14 pages the workforce constitutes a vital and valuable organizational asset. For an organization to achieve corporate success, it is important for it to synergize its business policies and human resource practices. The procedures adopted to achieve this are Strategic Human Resource Management (SHRM) practices. human relations management may be

Strategic Human resource management

8652 words - 35 pages Strategic global human resource management research in the twenty-first century: an endorsement of the mixed-method research methodology Timothy Kiessling and Michael Harvey Abstract Global competition is rapidly becoming the norm in which nearly all business organizations must compete in one fashion or another. The complexity and value of strategic global human resource management (SGHRM) will continue to compound in significance as

Strategic Human Resource Management - 1671 words

1671 words - 7 pages also plays a very important role in strategic management of the organization to transform human resource into valuable assets and for that proper step-by-step process should be followed between candidates before induction. The organization starts with a decision of whether to recruit temporary or permanent employees and this is mainly done on the basis of shortage of employees. If temporary employees are hired then they have to paid more per hour

Strategic Human Resource Management - 2092 words

2092 words - 9 pages Individual Report Strategic Human Resource Management plays crucial role in every business organization no matter if it is commercial or non-commercial. According to Dessler, “strategic human resource management means formulating and executing human resource policies and practices that produce the employee competencies and behaviours a company needs to achieve its strategic aims” (2011). This paper is focused on the analysis of relations between

Strategic Management and Strategic Human Resource Management

3306 words - 13 pages The purpose of this paper is to identify the reasons why strategic management driving strategic human resource management (HRM) and how the strategic human resource management (SHRM) makes benefits for organisation. Besides the introduction and conclusion, the body of this essay has composed by five sections which involve strategic management, strategic human resource management, role of human resource management, a discussion part, and the

What Is Strategic Human Resource Management(SHRM)?

3450 words - 14 pages Strategic Human Resource Management (SHRM) is concerned with establishing a specific and managed cause and effect relationship between an organisation's actions to survive and grow and its HRM principle and practices. It is also concerned with the mechanism through which people in an organisation gain an understanding of the purpose of the organisation, its goals and strategic objectives. As well as how the organisation related to its external

Similar Essays

Strategic Human Resource Management Essay

1362 words - 5 pages Section One Strategic human resource management (SHRM) is a tactical method for the management of an organisation’s human resource function in line with organisational goals and objectives. SHRM enhances these functions by linking the traditional human resource practices to business strategy and the realization of organisational goals in order to enable the organisation to achieve a competitive advantage. Importance of SHRM in Organisations

Strategic Human Resource Management Essay

1247 words - 5 pages Armstrong ( 2010) defined Strategic Human Resource Management (SHRM) as “an approach to making decisions on the intentions and plans of the organisation in the shape of the policies, programmes and practices concerning the employment relationship, resourcing, learning and development, performance management , rewards and employee relationships,” ( p. 115). There is a paradigm shift from a functional role to a tactical one through the

Strategic Human Resource Management Essay

2154 words - 9 pages development of a general theory for HRM seems impossible. However, Boxall (1996) say that HRM is unique in that it seeks to strategically integrate the human resource function within the overall corporate strategy. Having said that, we'll look at the modern role of HRM in today's context and briefly discuss some of the differences, reasons and recommendations to move from Personnel to HRM from a strategic point of view.Personnel Management and

Strategic Human Resource Management Essay 1324 Words

1324 words - 5 pages This paper presents an assessment of the role of strategic human resource management (SHRM) and its links with the strategic business objectives of Leeds City Council. Task 1 AC1.2 HRM evolution • The first wave arose with Storey’s New Perspectives on HRM (1989) • The second wave arose in consideration of: • Social and economic context of HR functions • HR and organisational performance • New organisational forms and HR • HR and knowledge