Professional Documents
Culture Documents
This
that guide and align Human Resource Management philosophy, tactical planning and practice with the strategic and long term goals of the organization, with a particular focus on human capital.
It
Strategic HRM gives direction on how to build the foundation for strategic advantage by creating --an effective organizational structure design, culture,
Sustainability and corporate social responsibility come within the ambit of this discipline, especially with reference to organizational values and their expression in business decision making.
Strategic HRM emphasizes organizational codes of ethics, managing the societal impact of business decisions, philanthropy and the role of the human resource professional in improving the quality of life of employees, their families and the community at large
Its a pattern of planned Human Resource Development & Activities which intends an organization to achieve its Goals.
SHRM is the process of linking the HR functions with the strategic objectives of the organization to enhance performance. HR has a great role to play in the execution of strategies.
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Strategic
Involves aligning initiatives involving how people are managed with organizational mission & objectives
Strategic
Management Process
Determining what needs to be done to achieve corporate objectives over 3 - 5 years Examining organization & competitive environment Establishing optimal fit between organization & its environment Reviewing & revising strategic plan
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Mission
statement Environmental analysis Organizational self-assessment Formulating Strategies Establishing goals & objectives
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Explains
purpose & reason for existence Usually very broad Serves as foundation for everything organization does
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Critical
components of external environment Competition Industry structure Government regulations Technology Market trends Economic trends
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Identify
primary strengths & weaknesses Find ways to capitalize on strengths Find ways to improve or minimize weaknesses Examine resources Physical Human Technological Capital
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Examine
internal management systems Organization structure Policies Decision-making processes Past strategy & performance Work systems
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It
Organizing,
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Goals
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Broad Target
Cost leadership
Differentiation
Integrated Low-Cost/Differentiation
Narrow Target
Cost Focus
Differentiation Focus
Strategy Management
Naval Arora
Increases
in efficiency & cutting of costs, then passing savings to consumer Assumes price elasticity in demand for products or services is high Assumes that customers are more price sensitive than brand loyal HR strategy focuses on short-term performance measures of results & promoting efficiency through job specialization & cross-training
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In
Organization
offers employees incentives & compensation for creativity HR strategy focuses on external hiring of unique individuals & on retaining creative employees
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Business
attempts to satisfy needs of only a particular group or narrow market segment Strategic intent is to gain consumer loyalty of neglected groups of consumers Strategic HR issue is ensuring employee awareness of uniqueness of market segment
Thorough employee training & focus on customer satisfaction are critical factors Hiring members of target segment who are empathetic to customer in target segment
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Facilitates
development of high-quality workforce through focus on types of people & skills needed Facilitates cost-effective utilization of labor, particularly in service industries where labor is generally greatest cost Facilitates planning & assessment of environmental uncertainty & adaptation of organization to external forces
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