strategic human resource management – an overview
DESCRIPTION
An overview SHRM, people as strategic assets - value chain analysis - Impact of strategy on HR planning - the Process of Strategic Management.TRANSCRIPT
Strategic Human Resource Management – An Overview
Chapter 1
Nisha Hariyani
STRATEGIC HR MANAGEMENT DEFINED
• “Strategic HRM refers to the overall direction the organization wishes to pursue in achieving its objectives through people. It is argued that because intellectual capital is a major source of competitive advantage and in the last analysis, it is people who implement the strategic plan, top management must take these key considerations fully into account in developing its corporate strategies” (Michael Armstrong, 2001)
Jeffrey Mello – Defined
• Strategic Human Resource Management as “the development of a consistent, aligned collection of practices Programs and Polices to facilitate the achievement of organization's Strategic Objectives.
People as strategic Assets
• To attain the Strategic goals of the organization, employees must first understand and share the values and objectives of the organization.
• The challenges faced are– Integrating People with the Strategic Goals of
the organization– Managing employees Effectively.
The process of Strategic Management
MISSION STATEMENT
MISSION STATEMENT
ENVIROMENTALANALYSIS
ENVIROMENTALANALYSIS
• Competition analysis
• Regulations• Technology• Markets• Trends• Economic
trends
• Competition analysis
• Regulations• Technology• Markets• Trends• Economic
trends
GOALS AND
OBJECTIVES
GOALS AND
OBJECTIVES
• Resources– Financial– Physical– Human– Technology– Capital
Management Systems
– Culture– Structure– work
systems
• Resources– Financial– Physical– Human– Technology– Capital
Management Systems
– Culture– Structure– work
systems
STRATEGYSTRATEGY
ORGANIZATION SELF
ASSESSMENT
ORGANIZATION SELF
ASSESSMENT
Formulating Strategy
• There are five important variables that determine the success of strategy. – Organizational structure– Task design– Employee training– Reward system– Information system
Formulating Strategy
• Strategy formulation usually takes place with the involvement of the top management
• Hr and strategic management process can be linked in four ways– Administrative linkage– One way linkage– Two way linkage– Integrative linkage.
Value Chain Analysis
Challenges For HRM
• Global Business Enviroment
• Profitability through growth
• Technology
• Intellectual capital
• Adaptability
End to Chapter