HRM Essay

3363 WordsJul 7, 200814 Pages
Table of Contents 1. Introduction …………………………………………………………………………...3 2. Approaches of HRM ………………………………………………………………….3 3. Siemens AG …………………………………………………………………………...7 3.1. Human Resource Management Strategy ……………………………………...8 3.2. The Importance of HR ………………………………………………………...9 3.3. High Performance Culture …………………………………………………...10 3.4. Performance and Talent Management ……………………………………….12 4. Conclusion …………………………………………………………………………...14 5. Recommendations …………………………………………………………………...15 Reference …………………………………………………………………………………….17 1. Introduction The rapidly development of technology innovation with combination with the increasingly demand of the global business world lead the organizations to seek new ways to gain a competitive advantage. In order to achieve this objective and to gain a business reputation via business performance, the companies transform their human resource functions by giving more importance and significance to their employees’ needs and satisfaction throughout human resource management (West and Berman, 2001). The objective of this report is the identification of HRM approaches as it has been shaped during the years while studying the Siemens AG organization we analyze how it manages its personnel in order to accomplish a high organizational performance. In addition, at the end of this report some conclusions and recommendations are provided for improvement to HRM for Siemens AG. 2. Approaches of HRM As the business world changes rapidly the role of Human Resource Management (HRM) into the several organizations has been modified in order companies on the same side to sustain in a competitive global business world and to succeed in being more flexible (Aghazadesh 2003: 205). During the period of 1970 and 1980 the HRM department which was known as ‘Personnel Department’ (Bersin 2006) was considered as a

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