Managing Strategic Human Resources Management

Question: Discuss about the Managing Strategic Human Resources Management. Answer: Introduction: In a contemporary organization, the trend for reward management plays a crucial role not only for the achievements and success of the employee but also for the betterment of the organization. Nankervis et al. (2014) highlight one such concept of rewards that is executive pay that comprises of six distinct components- salary, benefits, annual incentives, perquisites, long-term incentives and severance agreements. However, Shields et al. (2015) argued that the contemporary rewards management is more beneficial for the benefited people. Sparrow (2013) moreover states that individuals in this context rewarded or provide an opportunity to earn astronomical incomes through signing them for advertisement, hosting some business functions or call them for inaugurating a new business or factory to grab the attention of the community people. Sparrow (2013) moreover shared the opinion that even though the executives attain more money compared to their employees, they are not considered as celebrities. Shields et al. (2015) portray that the work of CEO or other managing executives are not broadcasted as the way the film stars, rock stars and sports stars is broadcasted. Thus, it for providing these executives such attention, media channels should take initiatives for transmitting their successful decision and the benefits the entire organization had received. Nankervis et al. (2014) highlight that not all people go through the companies' annual report or CSR reports and this is the reason people are unaware of their efforts. These efforts can be represented to the local people if they are offered chances like to be the chief guest of a factory inauguration ceremony, where they can share their experience and knowledge regarding the key success factor of that particular company (Sparrow 2013). A detailed advertisement on soc ial media sites concerning the evolution of their organization from conventional to recent times along with the benefits people had received in their daily life can make people aware of these executive's efforts and provide them more recognition for their motivation. Reference List Nankervis, A., Compton, R., Baird, M. Coffey, J., 2014. Strategic Human Resources Management, 8th Edn. Cengage Learning Shields, J., Brown, M., Kaine, S., Dolle-Samuel, C., North-Samardzic, A., McLean, P., Johns, R., Robinson, J., O'Leary, P. and Plimmer, G., 2015.Managing Employee Performance Reward: Concepts, Practices, Strategies. Cambridge University Press. Sparrow, P.R., 2013. 11 International reward management. Reward management: a critical text, p.233.