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A Study of the Impact of SHRM on Employee Development and Well being

Authors:

Mr. Mishra Hritik Saurabh Arvind, Student, MBA 4th Semester, Amity Business School, Amity University Chhattisgarh

Ms. Shreya Verma, Student, MBA 4th Semester, Amity Business School, Amity University Chhattisgarh

Dr. Shilpa Pandey, Assistant Professor, Amity Business School, Amity University Chhattisgarh

Abstract: From traditional administrative HR practices, strategic human resource management (SHRM) has evolved into an important value-centric component of business strategy. This research addresses the role of SHRM in aligning human resources with business objectives for fostering competitive advantage, enhancing performance, and driving long-term success. Human Resource Management involves transforming the HR function into one that encompasses a strategic partner in the attainment of company objectives by embedding HR practices in overall business strategies. This study also observes the importance of organizational culture, engagement of employees, and how change can be positively dealt with fairly fast-paced businesses.

The paper reiterates the necessity of aligning HR strategy with business needs through a thorough review of current literature and case studies, with an emphasis on ensuring that companies can procure, nurture, and retain the human resources needed for a sustainable competitive advantage. The aim of the study is to offer insights into how SHRM practices may be developed to enhance organizational performance and enable businesses to navigate the major issues presented by present-day workforce.

Keywords: Strategic Human Resource Management, organizational strategy, human capital, employee engagement, workforce planning, talent development, competitive advantage.