Evaluation of Strategic Human Resource Management (SHRM) Practices in Select Life Insurance Companies

Abstract

In recent times especially from 1990s the strategic goals of the organisation have evolved a relationship with HRM practices adding strategic perspective to human resource management. Organisations have begun to recognise the potential of human resource as invaluable assets in providing competitive advantage. Strategic Human Resource Management sets the attention on quite a few matters concerning the association of HRM with strategic objectives of the firm, integrating HRM in the overall strategic management process, the value additions to firm performance by HRM, the inclusion of HR department in top management, the assimilation of line managers with human resource management practices and assuming tactical approach to recruitment, appraisal and reward. This study has been conducted to review the relevance of Strategic Human Resource Management practices in particular life insurance companies