Strategic HRM Practices in Roche Pharmacueticals, Pakistan
In an organization, people working individually or collectively contribute to the achievement of the objectives of business. The use of a strategic and coherent approach to the management of organization’s most valuable assets-the people working is known as Human Resource Management (HRM). This paper entails the extent the “best practices” are being practiced by Roche Pharmaceuticals, Pakistan for superior performance. We would like to recommend to the management that other HR practices should be applied like reverse mentoring. The concept of reverse mentoring is that of filling in the gaps of knowledge and skill of the older employees with regard to emerging trends. As most of the employees around 70 % are above the age of 30 so this practice will really be applied in order to gain profitability. The main objective of the study is to understand the changes in strategic HRM practices (Role and Structure of HR department, Recruitment, Retraining and Redeployment, Performance Appraisal, Compensation, Career Planning and Performance Management System) in Roche Pharmaceuticals, Pakistan. The HR is playing an important role in the transformation of Pakistan from an underdeveloped country to prosperous nation. Roche is conducting induction training for all their employees.
KeywordsHuman resource management (HRM) Strategic human resource management (SHRM)
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