Strategic Human Resource Management's elements are as follows:
1. Humans are more than simply resources; they are an asset to an organisation that should give it a competitive advantage.
2. It is the employees of the company who are in charge of implementing change.
3. Every change can only be achieved via careful planning and implementation in accordance with the organization's needs and objectives.
4. The major goal of strategic HRM is to focus on ways for the company to get an advantage over its competitors.
5. SHRM has four possible meanings, according to Hendry and Pettigrew:
- Making use of the planning process
- Using a consistent approach to designing and managing people.
- Creating systems that are based on workforce strategy and employment policy.
- Incorporating HR operations and other policies into the development of corporate strategy.
- Seeing people as resources and making the most of them to gain a competitive advantage.