Components of strategic human resource management

Components of strategic human resource management, portfolio models.

1. Components of strategic human resource management & portfolio models

2. Components of strategic human resource management

3. Components of strategic human resource management Human Resources These are the primary source of any organization which can provide it with a competitive advantage through its knowledge, judgments, right skill set, and intelligence. Other resources are also required for the efficient functioning of human resources and to accomplish the goals. This includes plants, finance, equipment and organizational capital resources, which include the organizational culture, planning, HR system and the history of an organization. Physical and capital resources are dependent on people for their maintenance, management, and efficient use. Activities : The activities include HR programs, policies,  and practices which form a means of gaining a competitive edge in the market. Despite having a huge capital and advanced machinery, a lack of motivated employees will result in low-level performance.  So, human resources, along with the right activities, form the perfect combination for reaching the targets easily.

4. Plans and patterns : Patterns and plans are made to ensure a proper fit between the HR strategy and the business strategy of the firm and between various HR activities. Purpose: Human resources, their practices, and patterns are all geared toward a purpose, i.e. achieving the goals of an organization by sticking to the strategies.  Strategic human resource management  decisions are built into the strategic business plan, with a focus on tackling long-term issues. .  Portfolio models A model portfolio is a collection of assets owned by underlying investor and continually managed by professional investment managers. Advantages of model portfolio Investment and Fundamental Research Diversification   Access to Professional Expertise for Rebalancing Transparency Risk Profile Based Investment Long-term View to avoid short-term volatility

5. THANKYOU