Publication Details
Abstract
The HRM Value Chain Advanced Model is a conceptual framework that describes the various activities and processes involved in managing human resources within an organization. This model goes beyond traditional HRM practices and focuses on the integration of HR activities with overall business strategies and goals. Organizational survival refers to the ability of a company to sustain itself and thrive in a competitive business environment. In today's rapidly changing and dynamic market, the survival of organizations depends on their ability to effectively manage their workforce and adapt to evolving business needs. The HRM Value Chain Advanced Model plays a crucial role in enhancing organizational survival by aligning HR practices with business objectives. This model identifies key HR activities and processes, such as recruitment, selection, training and development, performance management, and reward systems, and establishes the linkages between these activities and organizational outcomes. By adopting this model, organizations can create a competitive advantage by developing a skilled and motivated workforce, improving employee engagement and productivity, and fostering a culture of continuous learning and innovation. This, in turn, enhances overall organizational performance and ultimately contributes to its survival and success. The HRM Value Chain Advanced Model emphasizes the strategic role of HR in driving organizational success. It highlights the importance of HR practices in attracting and retaining top talent, facilitating knowledge sharing and collaboration, promoting diversity and inclusion, and creating a positive work environment. Furthermore, this model recognizes the interconnectedness of HR activities and their impact on various organizational outcomes, such as financial performance, customer satisfaction, and employee well-being. It emphasizes the need for HR professionals to collaborate with leaders and managers across the organization to ensure that HR practices are aligned with the strategic direction and goals of the business. In conclusion, the HRM Value Chain Advanced Model is a valuable tool for organizations seeking to enhance their survival and success in today's competitive business environment. By incorporating this model into their HRM practices, organizations can effectively manage their human resources, align their HR activities with business strategies.
Keywords
HRM
HRM Value Chain Advanced Model
Value Chain
Organizational Survival
HRM Practice
Performance Management
Employee Diversity and Inclusion.