*Director, Adithya School of Business, Adithya Institute of Technology, Coimbatore, Affiliated to Anna University, Chennai
**Professor, Christ University, Bangalore
Online published on 11 October, 2019.
Strategic Human Resource Management (Strategic HRM), now in the globalised world is evolving as the fulcrum of modus operandi, in long term planning, adopted to achieve profitability for any kind of Organisation, be it production, service or even the charity organisation. SHRM operates primarily with two forms of resources. The first resource is an organization's human capital—the knowledge, skills, and abilities of its employees. The second resource is an organization's systems specifically HR policies and practices that serve to support the development of human capital. Core research in strategy is concerned with identifying both the external and internal factors that enable firms to shape a competitive advantage and achieve superior performance (Harrison & Enz, 2005). With the support of technological advancements SHRM is now a much sought after planning tool for any operating organisation in any corner of the world be it big or small.
Strategic, Human Resource, Challenges, Employees, Competitive Advantage, Technological Advancements, First Resource, Second Resource
