Strategic Human Resource Management (SHRM) has gained significant attention and popularity among academics and HR professionals in recent years. There are several reasons why SHRM has been embraced:
Aligning HR with business strategy: SHRM emphasizes the importance of aligning HR strategies and practices with the overall business strategy. This approach recognizes that HR can play a critical role in achieving business objectives, and that HR practices should be designed to support the organization's goals and objectives.
Supporting organizational performance: SHRM focuses on creating HR practices that support organizational performance and success. This means that HR strategies and practices are designed to enhance employee productivity, engagement, and retention, as well as to attract and retain top talent.
Managing human capital: SHRM recognizes that human capital is a key driver of organizational success, and that managing this resource effectively is critical to achieving business goals. This approach emphasizes the importance of developing and retaining talent, as well as creating a supportive and inclusive workplace culture.
Responding to changing business environments: SHRM recognizes that business environments are constantly changing, and that HR strategies and practices need to adapt to these changes. This means that HR professionals need to be agile and able to respond quickly to changing business conditions.
Evidence-based approach: SHRM emphasizes the use of evidence-based practices, which means that HR strategies and practices are based on data and research. This approach ensures that HR professionals are making informed decisions and are able to demonstrate the impact of their work on organizational performance.
Overall, the SHRM approach has been embraced by academics and HR professionals because it provides a framework for aligning HR practices with business strategy, supporting organizational performance, managing human capital, responding to changing business environments, and using evidence-based practices. This approach has proven to be effective in enhancing organizational success and achieving business goals.