Understanding the Role of Re-designing Strategic Human Resource Management (SHRM) Practices for Fostering Entrepreneurial Sustainability

Name of Author : Dr. Pooja, Dr. Renu Bala & Mr. Rakesh Sharma

Abstract: Workplace practices and Strategic Human Resource Management (SHRM) has become a key in re-examining and revising how jobs and its processes fit together to gain efficiency and employee productivity. The objective of this paper is to understand the policy framework for strategic management and development of human resource management (HRM) that have surfaced in the SME located in the Battal Ballian Industrial Estate of District Udhampur, J&K State. Besides, the study also explores the various labour management problems namely: labour turnover, seasonal non-availability, shortage of skilled and unskilled labour, strikes and high rate of absenteeism, competitors take away and low productivity. Further, the role of education, age and experience in solving labour-related problems has been investigated. Based on the extant literature and the nature of problems and relationship investigated in this study, the study proposed that the following SHRM practices such as flexible hours, part-time and temporary work, incorporation of piece rate wage system, enhanced bonus, introduction of Employee Provident Fund Scheme, continuous training & counseling and contracting to freelance contractors, e.g. specialists etc., are useful to enhanced smooth and consistent business operations and yielded better efficiency and productivity. Further, the study argued that Flexible Work Arrangements (FWAs) and Qualitative Flexibility (QF) will enable each individual to be well trained, have diverse skills and strong motivation towards their work.

Keywords : Productivity; Flexible Work Arrangements (FWAs); Qualitative Flexibility (QF), Strategic Human Resource Management (SHRM) Practices; Industrial Relations; Performance; Efficiency.

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