Peoples’ Bank: Linking Business Strategy and Human Resource Management :: Human Resources Essays

The role of human resource management is one of strategical partner, administrative expert, and consultant (managing all of the organizations people related processes strategically). It is the gambol of hr management in to recognize that decreased turnover, higher employee morale, and snarled employees in the decision making process are all optimum in providing key leverage in an organizations strategic plan. Management integrate strategic hr management with the organizations strategy formulation. This means that management has searched the organization and its environment for opportunities and initiated projects and decisions to bring nigh changes that are both advantageous and competitive for the organization. Through this integration, HR policies essential cohere and be accepted across all company insurance policy areas and across all hierarchies in the company. These same HR policies had to be turned into practices that were used by both managers and employees as part of th eir popular work. The hr management role has changed tremendously from being a by and large personnel function, consisting primarily of a lot of paper pushing, hiring and firing, to being tout ensemble responsible for the maximization of human capital effectiveness. Which primarily creates a better-trained, more flexible workforce that will add more to the cigaret line. Peoples Bank went through some organizational restructuring in order to cohere competitive in the market. As a result of the changes that were made in the Banks System, HR Management had to do research and epitome in order to scan the banks new environment to see what types of employees would be needed with the new strategys skill and organizational requirements. This was a use of HRs information management skills, which was followed by HRs integration and change skills to manage the organizational interfaces, assess the organizations skills (or the on-line(prenominal) values of the banks human resource investm ent), set priorities, anticipate the future, and facilitate the changes. This is an dainty example of HR Managements role being at every level of the strategic planning process.At Peoples Bank, massive changes began to make believe place in the business environment of banking with deregulation and the relaxation of ceilings on interest. This affected what people actually did with their money and where they actually drop their money and these two factors affected the whole money market body of banking. This especially affected the competition between the different levels of banks (regional, district, and local) for various (but the same) sources of funds.