Strategic human resource management (SHRM) is a process of combining human resource with strategic goals and objectives of an organization to achieve its business goals by streamlining processes related to human resource. The main goal of strategic human resource management is assessing people as a company resource and using it to improve company business processes. Generally, these assessments and investments are done on an individual level and collective levels. Through strategic human resource management, companies get the ability to manage their people effectively.

Strategic human resource management has some unique capabilities. Few of them are as follows.

* It pushes workers to follow policies and procedures while keeping all of them within company business objectives and targets.

* It creates rewarding schemes to motivate people.

* It uses performance monitoring procedures to evaluate workers and creates training and development opportunities.

* Continues performance improvements are done through SHRM.

* It uses strategic plans to fulfill employee needs as well as company goals and requirements to build strong relationships between workers and the management.

* It facilitates for personal developments and uses them for the sake of employees and the organization.

Strategic human resource management provides several benefits regarding organization development. Some advantages are:

The main advantage behind SHRM is streamlining company operations with utilized human resource to achieve commercial objectives in an effective and efficient manner.

Many HR functions including online recruitment, training and development, performance evaluation, and compensation management are improved by SHRM.

It greatly focuses on employee welfare and motivates workers for better productivity. Then, people will feel more confident and will work for the company with loyalty and good work ethics.

SHRM develops satisfied employees. It helps for more employee retention. When the staff has skilled and experienced people, organizations can save lots of money they spend on recruitment, training and development as well as performance evaluation.

SHRM helps to predict incoming problems and find solutions to overcome those issues. It also helps to identify employee skills and categorize them based on their skills. Then, the management can assign correct people to correct job positions and save their time and money,

HR people really know the importance of SHRM than before. Here are some main reasons behind the popularity of SHRM.

* Globalizations

* Strong business competition

* Technological developments

* New management theories

* Economic changes

* Cross-cultural issues

SHRM is a real solution for many general human resource issues. It brings success to any business firm by giving benefits to both employees and employers.