HUMAN RESOURCE MANAGEMENT

HR Delivery

the serving internal customers through effective and efficient programs.

Strategic management process

- determining what needs to be done to achieve corporate objectives, often over 3-5 years. - Examining organization and competitive environment - Establishing optimal fit between organization and its environment. - Reviewing and revising strategic plan.

Benefits of strategic approach to HR

1. Facilitates development 2. Facilitates cost-effective 3. Facilitates planning

5 P's Model of SHRM

1. Philosophy 2. Policies 3. Programs 4. Practices 5. Processes

STRATEGIC HUMAN RESOUCE MANAGEMENT 5 Critical Competencies

1. Strategic Contribution 2. Business Knowledge 3. Personal Credibility 4. HR Delivery 5. HR Technology

Processes

Continuum of participation by all employees in specific activities to facilitate formulation and implementation of other activities.

Programs

Coordinated and strategized approaches to initiate, disseminate, and sustain strategic organizational change efforts necessitated by strategic business needs.

STRATEGIC HUMAN RESOURCE MANAGEMENT

This is the key to improve business performance - Complex process which is constantly evolving and being studied and discussed by academics and commentators. - Use employees to gain or keep a competitive advantage against competitors. -involves aligning initiatives involving how people are managed with organizational mission and objectives.

Philosophy

Statements of how organization values and treats employees; essentially culture of the organization.

Strategic contribution

This is the development of strategy

Policies

expressions of shared values and guidelines for action on employee-related business issues.

Human Capital Management

informs and in turn is shaped by strategic HRM but it doesn't replace it.

Business knowledge

the understanding nuts and bolts of organization.

Personal Credibility

this is the measurable value demonstrated in programs and policies.

Business Strategy

this is where SHRM stems from

Practices

this motivate behaviors that allow individuals to assume roles consistent with organization's strategic objectives.

HR Technology

using technology to improve organization's management of people.