Strategic HRM Essay Example | Topics and Well Written Essays - 2500 words - 2

Strategic HRM - Essay Example The third principle reflects that a systematic approach should be developed by an organization in terms of human resource management for defining the objectives of the organization and the plans as to how these objectives can be attained. This report is prepared with the aim of identifying the core strategic issues in one of the fastest growing and largest companies operating in the Electronics Manufacturing Services (EMS) industry, Foxconn Technology Group. The core strategic issues in the company which have acted as impediments in the way of successful management of the company are identified and evaluated with the use of established strategic HRM theories and concepts. The report also includes the identification of suitable solutions for the existing strategic problems in the company which are presented as recommendations to the management. The report is concluded with a summary of the overall case study analysis. Strategic HRM is a process which includes the formulation of suitable approaches for developing human resource strategies in an organization (Smit and Trigeorgis, 2004). The development of strategic human resource systems and processes is important for every organization because strategic HRM is considered to be a major source of generating competitive advantage. Also, the human resource strategies can be vertically integrated with the business and corporate strategies and horizontally integrated among the different groups of strategic HRM strategies. These strategies are aimed at defining the plans of the organization with respect to the specific business considerations like people management, organizational effectiveness, employee relations management, reward and appraisal systems, learning and development, resource management etc. (CCH Australia, 2011). Foxconn Technology Group is a leading