BANGLADESH UNIVERSITY OF PROFESSIONALS

SUBJECT: HUMAN RESOURCESS MANAGEMENT

SUB CODE: HRM 8402
DEPARTMENT: MBA (Professional)

Assignment
On
“Better HR Practice Can Create Competitive Advantage”

Submitted
to
Prof. Dr. Tarun Tapan Dhar
Bangladesh University of professional.

Submitted
by
Sharif Md. Abu Sufian Sykot
Roll No.: 19020090
ID No: 19011568
Section: 20-B

27 September 2019
 “Better HR Practice Can Create Competitive Advantage”
P

Human Resource Management refers to the skilled workforce in the organization, refer to
limited availability or scarce, refer to maximize or proper utilization and make best use of
limited and a scarce resource.
i) There are two different definitions. The first definition of HRM is that It is the
process of managing people in organizations in a structured and thorough manner.

ii) The second definition of HRM encompasses the management of people in

organization from a macro perspective, i.e. managing people in the form of a
collective relationship between management and employees.

Human Resource best practices:

Best practices are a set of Human Resources Management processes and actions that work
universally. In HRM research, there are two schools of thought on how to manage people.
The first one is best fit, the second is best practices.

The best fit school states that in order to add value, human resource policies should align with
business strategy. This means that HR should focus on both the needs of the organization and
the ones of its employees.

The best practice school argues that there is a set of universal HR processes that lead to
superior business performance. According to its proponents, there are certain bundles of HR
activities that support companies in reaching a competitive advantage regardless of the
organizational setting or industry.

We’ll skip the extensive scientific debate on the merits and flaws of each approach. With
these kinds of discussions, the truth often lies somewhere in the middle.

This means that the HR strategy and subsequent HR activities should be aligned with the
organization´s strategy for optimum efficiency (a.k.a. strive for best fit). In literature, this
alignment has also been referred to as strategic Human Resource Management.

At the same time, there are a large number of best practices that have shown to lead to
superior performance for the organization. If HR executes these practices correctly, they will
add substantial value to the business and its goals.

In this article, we’ll focus on the best practices in Human Resource Management.

These best practices are:

 Providing security to employees

 Selective hiring: Hiring the right people
 Self-managed and effective teams
  Fair and performance-based compensation
 Training in relevant skills
 Creating a flat and egalitarian organization
 Making information easily accessible to those who need itp

Here we will look “A MODEL LINKING HRM PRACTICES TO COMPETITIVE

ADVANTAGE”

Now we can tell that Better HR Practice Can Create Competitive Advantage in any firm
direct and indirectly.