Strategic Human Resources Essay Example | Topics and Well Written Essays - 2000 words - 1

Strategic Human Resources - Essay Example It also identifies the role, models along with the methods in which businesses can utilize their human resource teams to effectively achieve their goals. A) Findings And Analysis 1.0 The Key Drivers From The External Business Environment That Re-Shape Organizations And The Way Employees Are Managed There are several drivers from the external environments of businesses that influence changes to the way a business performs its activities and manages its employees. The first external driver to the way a business performs its activities is technology (Pace and Wayne, 2001). The development of technology has led to the inexpensive preparation and distribution of information. The current technology in use across many businesses is low cost, has high speed digital transmission and is utilized in producing vital information in a quick and easy manner. The utilization of this technology in businesses eliminates the temporal limitations, which include the restrictions on time, spaces and costs (Michael, 2007). Another key driver from the external environment that has greatly impacted on the reshaping of organizations and the management of employees is the concept of globalization (Harold, 2003). The concept implies that a business makes use of faster transportation systems, has fast access to information from distant markets. This is because the world market has become common with little barriers to trade. An organization’s customers can purchase any of their products from multiple outlets located in various areas around the world (Katherine, 2002). This implies that the organization will have to relocate its employees as well as recruit other members to their new branches so as to be effective in their endeavors. The concept of globalization will assist an organization to know how their competitors are fairing and enable them to remain competitive in the markets. An organization can also take advantage of the concept by attaining customer feedbacks on their produ cts and instantly work out corrective measures to correct the situation (Harold, 2003). Another major external driver that influences the way organizations reshape and manage their workers is the notion of power concentration on a few market shareholders (Katherine, 2002). These big investors normally hold majority of the stocks in other companies and influence the ways in which businesses are run in their respective markets (Pace and Wayne, 2001). When these organizations are displeased in the existing policies, they could in turn make the market fall into jeopardy (Katherine, 2002). The economic factors that affect an organization refer to the policies that governments use in their capital markets, their nature of reason bequest, and their business cycles along with their socio-fiscal infrastructures. For organizations to become successful and manage their employees effectively, they must scrutinize their market environments for any unforeseen changes (Erica, 2006). This type of s crutiny will greatly help the business or organization in maximizing their profitability while minimizing the costs they incur in the process. The wage rates in different countries differ and this implies that organizations will have to adopt suitable policies to handle the issues with their employees (Katherine, 2002). These policies should enable the organization to retain their labor force while remaining profitable in their activities. The social environment within a country