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Hrm's Role in Achieving Organisational Objectives

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Hrm's Role in Achieving Organisational Objectives
Introduction
In a rapidly and continuously changing work environment, organisations are becoming more volatile giving rise to renewed concerns for human resource management (HRM). To survive in an intense competitive environment and subsequently achieve their objectives, organisations require human resources (HR) and capabilities that are exceptional and create value in an inimitable way (Barney & Clark, 2007; Pfeffer, 1994). Boxall and Purcell (2003) reinforced that the unique talents among employees provide a critical ingredient in developing an organisation’s competitive position. But how employees are managed as vital HR to provide a competitive edge from an organisation’s perspective requires an understanding of the strategic role of HRM and its contribution to the achievement of organisational objectives. Despite the wide recognition of HRM as a significant source of strategic competitive advantage, Galford (1998) and McElwee and Warren (2000) researched that there is a prevailing assumption among organisations that HRM is only responsible for administrative functions and has no strategic accountability. There has been confusion about what HRM actually entails and what value it can deliver to an organisation. Therefore, this essay will specifically highlight and discuss the organisational role and context of HRM by offering new perspectives and their implications, thereby, developing a case of the relevance of HRM to organisation’s objectives. However, it is important to note that HRM is not an end in itself but a means to assist an organisation with its primary objectives.

Organisational Role and Context of HRM
According to Banfield and Kay (2012), HRM, which sees people as a key organisational resource that needs to be developed and utilised to support the organisation’s operational and strategic objectives, is a more recent approach to the management of employees. Wright, McMahan and McWilliams (1994) regarded this perspective as a



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