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SHRM – An Introduction

SHRM – An Introduction

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Published by Aditya

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Published by: Aditya on Sep 30, 2010
Copyright:Attribution Non-commercial

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05/12/2014

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Strategy ±Strategic Management
 ±Plan which integrates an organisations goals, policies,actions in a cohesive whole-Quinn 1988 ±Senior management activity directed towards goals ±Miller (1991)
 ± 
"Strategy is the
direction
and 
scope
of anorganisation over the
long-term:
which achieves
advantage
 for the organisation through itsconfiguration of 
resources
within a challenging 
environment 
 , to meet the needs of 
markets
and to fulfill 
stakeholder 
expectations".
 
SHRM ±An Introduction
Jim Walker (1980) µHuman Resource PlanninSuggested linking corporate strategy with HR PlansSHRM aims to :- ±Systematically link people with organization ±Interlink all HR practices ±Proactive Approach ±Consider employee as assetsAssets with ±technical knowledgeHave learning potentialCan take decisionsMotivate, committed, teamwork
 
SHRM Creates Employee Value Chain
Employee outcome
 ±Attitudes , behaviours, Performance
Organisational Outcome
 ±Productivity, Quality
Financial Outcome
 ±Expense Control ±Revenue, profitability
Market Outcome
 ±Sales increase, stock Price enhancement

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