Essay about Alignment of HRM and Business Strategies

Alignment of HRM and Business Strategies 1 Introduction Marriott is a universal chain of hotels that is designed to meet various needs and accommodations. The company was founded in 1927, by J. Williard and Alice S. Marriott. Their son, Bill Marriott, Jr. invested many years in developing and nurturing the business into one of today’s Fortune 500 companies. The company has a variety of businesses such as the Residence Inn, Fairfield Inn, Courtyard by Marriott and Marriott Vacation Club International. The common denominator is that for each of these accommodations there is a clear and concise vision. Propose how you would ensure the HR strategy is in alignment with the business strategy. The success for any†¦show more content†¦This position is crucial for the success of the company, because the potential candidates may be future leaders. Analyze how the selected company can establish HRM strategies to improve competitive advantages. According to Bill Conaty who has many years of human resource direction with General Electric, believes that â€Å"gaining a decided advantage over the competition starts with attracting the right talent to the organization. He also stated that companies must â€Å"invest in executive talent development, assessment, and retention because they’re just as critical to business performance (Noe, Hollenbeck, Gerhart Wright, 2011). In order to evaluate talented employees, it is significant to have professional development workshops to ensure that all staff is on the same page and have a clear vision of the expectations of the company. Performance appraisals are used to determine if employees have showed exemplary performance and if one should be considered for future management roles. Retention 3 rates gives employees a since of belonging as well as security. Especially in today’s job market, it will attract talented candidates. Propose three (3) ways that the company can increase diversity. Diversity in the workplace is valuable when captivating a variety of employees and customers. This helps individuals to have someone they can relate to. It also opens up a variety of viewsShow MoreRelatedAlignment Of Hrm And Business Strategies1192 Words   |  5 Pages Maria Mckinney Strayer University Dr. Amona Washington Assignment 1: Alignment of HRM and Business Strategies As I propose how I would ensure the HR strategy is in alignment with the business strategy, I found while doing research that Ford motors is a multinational company operating in many different parts of America. Their cars are included in world’s most familiar cars. Ford Company is a composition of eight different companies, which are categorized into three different heads;Read MoreLink Between Strategic Management and Leadership1199 Words   |  5 Pagesorganization there must be vertical link between business strategy and HR strategies and horizontal links among HR strategies Student Name : Phone Myint Ko Issue Date : August 12, 2012 Submission Date : August 19, 2012 Abstract The human resource of an organization offered the potential synergy for sustained competitive advantage, when properly deployed, maintained and utilized. From the onset, the traditional HRM, the formal system for managing people in organizationRead MoreHuman Resource Management As A Strategic Partner1705 Words   |  7 Pagesevolution of HRM is such that it is important to think of these functions in terms of the impact they have on the overall strategic vision for the company. Key HRM functions can be split up into two different categories. 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In this paper, the authorRead MoreHrm 560843 Words   |  4 PagesEthical Issues In HRM Strategy Brandi Hancock HRM 530 Strategic Human Resource Management October 30, 2012 Dr. Lila Jordan Ethical Issues in HRM Strategy Identify areas of overlap in the new client organization with other that you have had as clients When hired as a newly HRM (Human Resource Management) consultant, you must first have understand of the role before beganing assisting with any issues or other areas of overlap. The primary role of a HRM consultant â€Å"is to assist the clientRead MoreHuman Resource Management : Hrm772 Words   |  4 Pagesa brief description of the models of HRM discussed in the first chapter of the textbook, and explain how each one relates to strategic human resource management. Human Resource Management (HRM) at its best seeks to manage people and resources to maximize economic and social outputs. Social output resulting from providing opportunity for advancement will ultimately make employees become true participants in the company. Bratton and Gold (2012) outline six HRM models, they are: the Forbrum, TichyRead MoreIntroduction. As Part Of My Initial Assignment In Hrm 530,1213 Words   |  5 PagesIntroduction As part of my initial assignment in HRM 530, I have been tasked to present a thoughtful and on various aspects of Human Resource Strategy as it aligns with Business strategies. So as a result of this assignment, I will attempt to address the following issues in the order listed herein. The company that I have selected to explore these areas is The FORD Motor Company. I chose Ford primarily based on the current events that have reported that Ford will be opening more plants in theRead MoreEthical Issues in Hrm Strategy1200 Words   |  5 PagesEthical Issues in HRM Strategy Richard H. Hill Dr. Grace M. Endres July 18, 2012 Strayer University Abstract This paper concerns itself with the role of Human Resource Management and the role it plays in the development of corporate strategy. Additional, the paper addresses the issue of ethics concerning Human Resource Managers sharing information learned from a previous client with the new client. Identify the areas of overlap in the new client organization with others that you haveRead MoreRelevance of Fit Between Hr Strategy and Business Strategy1426 Words   |  6 Pagesbetween HR strategy and Business strategy. Concept of ‘fit’ in strategic HRM Nadler and Tushman (1980) defined congruence or fit as the degree to which the needs demands, goals, objectives and/or structure of one component are consistent with the needs, demands, goals, objectives, and/or structure of another component† (as cited in Boon, 2008). Fit between  HR Strategy and business strategy According to U.S. Office of Personnel Management (1999), fit between HR strategy and business strategy meansRead MoreCorporate Training And Development ( T / Hrd1367 Words   |  6 PagesCorporate values of LD / HRD Interestingly, much of the existing literature on corporate training and development (TD) has been grieved for the unsuccessful efforts of organization to improve the skills, attitudes and knowledge of employees for business performance (Campbell et al., 1970; Hall, 1984). The idea to develop a protocol that is feasible, reliable and operationally viable to measure and examine the effectiveness of TD programmes are now still challenging many academics (Crawford and