Strategic Human Resource Management - 4089 Words

Contents 1. Introduction: 2 2. Strategic Human Resource Management Practices in Samsung: 2 2 a. Samsung overall introduce 3 2.b HRM challenge in Samsung 3 2 .c Samsung strategies 4 3. RECRUITMENT AND SELECTION 5 4. Career management and development 6 4.a HTP concept 7 5. Rewarding 8 6. DIVERSITY AND EQUAL OPPORTUNITY 9 7. Employee welfare 10 Employee wage and welfare 10 Support for housing 10 Children’s education 10 Medical support 11 Support for retirement 11 8. Contribution to the national economy and global communities 11 9. Recommendations 12 10. Conclusion 12 Referencing 13 1. Introduction: In the recent time human resource management has assumed new importance because of continuing concerns about global contest, the†¦show more content†¦Based on the closing price after the IPO, stocks owned by Lee were valued at $10.71 billion making him the countrys richest man, according the Chaebul.com, a specialist website that collates information on the countrys family-owned conglomerates.† Available fromhttp://www.campdenfb.com/default.asp?title=Samsungchairmantopsrichlistpage=article.displayarticle.id=21455 Gihong Yi, Linsu Kim1998; International Studies of Management Organization, Vol. 28, argued that not only has Samsung been a major medium for south Korea’s economic growth, but it has also been a pioneer among the enterprises in terms of the development of formal HRM systems. Samsung was the first chaebol (enterprises) to use a competitive recruiting system in the early 1960s. At that time, most firms relied on referrals based on connections when they recruited employees. The company is also well known for managing its people based on their performance and capabilities. In almost all enterprises, family members provide the core of management, but Samsung has the highest ratio of non-family-member executives. The effective management of employees at Samsung led to the use of the term â€Å"Samsung man† to denote competent, well-trained employees of the chaebol. Samsung’s leadership in effective HRM, however, has been seriously challenged as the chaebol has begun to compete with the world’s most competitive firms in bothShow MoreRelatedHuman Resource Management and Strategic Human Resource Management1136 Words   |  5 PagesManaging Human Resources, 3rd edn, John Wiley Sons, Milton, Qld. In chapter 1 of the text, the author shows an overview of human resource management and strategic human resource management. 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Human Resources Management is the strategic managementRead MoreStrategic Human Resource Management2447 Words   |  10 PagesEDSML|STRATEGIC HUMAN RESOURCE MANAGEMENT| || Assignment title|| In this assessment you will have opportunities to provide evidence against the following criteria. Indicate the page numbers where the evidence can be found.| Criteria reference|To achieve the criteria the evidence must show that the student is able to:||Task no.||Evidence| 1|Explanation of the importance of strategic human resource management in organisations||1.1||| 1|Assessment of the purpose of strategic human resource management