Current global economy deterioration presents
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Strategic Human Resources Management
There are several fundamental differences between SHR and the more traditional view of the human resources function. SHR is macro-level as opposed to micro, transformational as opposed to transactional, involves substantially more critical thinking, has a longer time orientation, is adaptive and innovation, and plays a major rather than a minor role in the organizations success (Ibid)
The core of SHR is the concept of the resource-based firm, with the workforce being a valuable resource that must be cultivated and nurtured. If managed correctly, human resources can become a source of competitive advantage (Birdi et al, 2008). Given that SRH is based on a long-term time frame and transformational practices, it therefore stands to reason that a company must be consistent in its human resources approach (Kepes et al, 2008). Thus, the approach of a firm that is engaged with SRH to economic crisis will be different than the approach of a firm not following SRH practices. It is from this difference that the competitive advantage to the SRH firm flows......
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