The paper "High Performance Work Systems in Modern Organisations" is an outstanding example of a human resources assignment. In the contemporary business world, human resources are said to be valuable in the sense that they are the assets that add value optimally for the success of the organization. The actions of the employees depend on how the organization treats them, which consequently determine the overall performance of the organization. In order to increase the overall organizational productivity, the human resource management purposes to make sure that the organization attracts, employs and retains the competent, devoted and self-motivated labor force (Darwish, 2013).
Ideally, the human resource is the heart of the organization, as it performs the organization’ s vital functions like recruitment and selection, development and training of the workforce in line with the job requirements (Armstrong, 2006). As a result, the Human Resource department has resulted in an advanced approach known as strategic human resource management (SHRM) to increase the overall organizational performance and gain a competitive advantage over other organizations. In connection with this, more and more institutions and firms depend on the measurement approaches, which may include labour force records, as a way to understand the way in which the human resources in their various organisation add value and hence being the performance determiners.
The growing interest and concern about the measurement are further stimulated by a growing number of researches that indicate a positive connection between human resource management and organizational performance (Dyer and Reeves, 1995). SHRM is the approach that defines how the organization’ s goals will be achieved (Armstrong, 2006). This paper, therefore, aims at ascertaining how strategic human resource management builds high organizational performance in modern organisations.
Moreover, it will explain at length the process through which strategic HRM impacts on individual and organisational performance. AAT Corporation Limited is an investment company that is located in Sydney, Australia. It has developed and grown over the years and is among the best-listed companies on the Australian Stock Exchange. Therefore, it is ideal to be a case study for this research. Strategic Human Resource Management plays a major role in attracting, developing and retaining highly qualified and competent employees. The Strategic HRM matches the employees to the strategic and operational objectives and goals of the organization.
Strategic HRM basically ensures that the organization’ s goals are achieved by people through the integration of strategic policies and practices. In regards to that, SHRM provides for the acquisition, development and retention of talented and qualified employees who can deliver superior performance in their job (Ç ALIŞKAN, 2010). These employees further ensure high overall productivity, work flexibility, innovation in their part of the specialization, as well as high levels of personal customer service, which attains customer satisfaction (Darwish, 2013).
These employees will otherwise fit in the culture and the strategic requirements of the organization and hence building high-performance work systems in modern organisations. AAT Corporation Limited is a company that has surely managed its operations hence attracting and retaining competent employees. A low labour turnover has been recorded, which is an indication of the high retention of highly qualified employees.
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