In the current times, the human resource strategy and the business strategy of the companies need to work in cohesion in order to meet the requirements of the situation. There is a need for the companies in the modern time to ensure that the human resource needs of the company are complimented with the business strategy. These need to work in cohesion to meet the financial requirement of the company and to ensure sustenance. To ensure that the employees are satisfied in the particular job performance, there must be ways to have a performance metrics and effective performance management systems and from this, the companies need to have cohesive employee relationships with the different stakeholders.
The companies need to comprehend about the natural and theoretical perspectives of the employment relationship (Rowe, 2003). There are different roles for each of these employees, and there must be factoring in of the changing nature of the employment relationship. However, these are found to vary based on the dynamic nature of the events.To conclude, the company hires employees, train the employees, provide remuneration for their efforts and try to keep the resource within the company. This is needed for the sustenance of the company. Many models of SHRM have been in vogue. However, the companies try to use their own model based on the theories.
This is to address the contingent factors while also addressing the universalism practices. It is advised that the company must adhere to these tenets of basic people management while ensuring that they also meet the objectives that have been set by the company. In this schema, the company needs to adhere to the ethics, conflict management, transparency and accountability of the process. These must be factored to maintain employee relationship. The performance of the employees and reward programs must be in lieu of their efforts. The remuneration that is provided to the individual depends on these factors of tangible and intangible rewards. Some of the ways in which they can be incorporated in the current schema have been detailed in this analysis.