Final answer:
Strategic human resource management involves aligning HR procedures with organizational goals and the needs of employees, improving human capital, reducing hiring biases through professional HR functions, and effectively selecting and training personnel.
Step-by-step explanation:
Strategic human resource management (SHRM) refers to the process of linking human resource procedures to organizational goals, employee needs, and societal demands. This concept emphasizes the importance of integrating HR strategies with the broader business strategy to enhance overall organizational performance. SHRM involves various aspects, including improving human capital, reducing bias in hiring by professionalizing human resources functions, managing security management & safeguards, and ensuring effective personnel selection and training practices.
Specifically, strategic human resource management focuses on developing and utilizing human capital for the benefit of the organization, addressing equal opportunity, and creating policies that align with organizational goals. Professional human resources functions play a critical role in reducing hiring biases and ensuring a diverse workforce. Additionally, strategic HR is about retaining employees and adopting hiring practices that minimize firings and maximize hires, which may involve initiating specific programs such as People in Aid.
Ultimately, the goal of SHRM is to create an HR system where the recruitment, selection, training, and development of employees contribute to achieving the organization's objectives in an inclusive, non-discriminatory environment.