Importance of Strategic Human Resource Management

Strategic human resource management (SHRM) is important in Bangladesh organizations for many reasons. These points of importance of strategic human resource management are given below:

Importance of strategic human resource management

  1. HR planning is not appropriate in most of the organizations in Bangladesh. To get the correct HR planning, SHRM is important.
  2. Most of the organizations our country do not use fair, valid as well as reliable selection system, get the political employees SHRM helps the organization to follow the proper selection system which match with the strategy, structure and culture of the organization.
  3. Most of the organizations of Bangladesh do not practice equity. It makes imbalance in both society and in some special cases the organizations. As a result, the organizations do not get productive and potential employees and effectiveness of the organization. To solve this problem, SHRM is important and necessary. ,
  4. SHRM helps the organization to match the main resource of any organization that is the employees of the organization with all the strategic plans of the organization.
  5. SHRM is very important for employees motivation since it suggests the organization to use the appropriate performance appraisal method. That will be matched with the overall strategic plans of the organizations. If the employees are   motivated   effectively,, their   productivity or their contributions to the organization will reach to high level and in turn it will increase the organizational harmony.
  6. SHRM helps the organization to maintain a good relationship between the labor union and higher level management and this relation reduces the labor dissatisfaction. So the productivity of the organization is increased. In this respect SHRM is very important in Bangladesh.

For the following reasons, a well established SHRM system is supposed to prevail in Bangladesh organizations. But the conditions must be present in future also.

Importance of strategic human resource management

  1. Growth of Private Sector: Private sector is growing fast in Bangladesh. If this growth rate continues for the future days come, the organization will get the opportunely for the establishment of SHRM system.
  2. Consciousness among People: People of Bangladesh are becoming more conscious about their meds. This consciousness will lead the organization toward a SHRM system.
  3. Need for Fair HRM Policies: Both employers and employees are showing   interest   to   fair   HRM   policies’   and   practices   in   their organizations. The lapses or deviations are being highlighted in the media.

    Importance of Strategic Human Resource Management

    Importance of Strategic Human Resource Management

  4. Organizational Stability: A significant number of organizations are ruining with stability they have tried to realize that the stability should be maintained in future.
  5. Facing the competition: The present world is more competitive. To face the competition, efficient, committed and ethical human resources are of prime importance.
  6. Availability if Graduates: The educational organizations and training institutes are producing dozens of MBA graduates every year on SHRM area. So organization can get them as executives. We hope these reasons or conditions will prevail in Bangladesh in the days to come. Therefore, it can be said that the future of SHRM is bright.

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