Welcome To A Session On Strategic Human Resource Management www.AssignmentPoint.com www.AssignmentPoint.com

Definition of Strategy A strategy is a way of doing something. It is a game plan for action. It is usually includes the formulation of a goal and set of action plans for accomplishment. It implies consideration of the competitive forces at work in managing an organization and the impact of the outside environment on organization actions. www.AssignmentPoint.com

- Von Neumann & Morgenstern Strategy is analyzing the present situation and changing it as necessary. incorporated in this finding out what one’s resources are or what they should be. -Drucker “ Strategy is a series of actions by a firm that are decided according to the particular situation.” - Von Neumann & Morgenstern www.AssignmentPoint.com

Human Resource Management HRM is concerned with the people dimension of management. It is a process of acquisition, development, motivation, and maintenance of human resource of an organization. “The field of HRM involves planning, organizing, directing, controlling functions of procuring, developing, maintaining and utilizing a labor force.” - M. J. Jucious www.AssignmentPoint.com

Definition of Strategic HRM Strategic human resource management may be define as “a set of action moves crafted or to be crafted for discovering, developing, maintaining and utilizing human resources of an organization.” In addition strategic HR means accepting the human resource function as a strategic partner in the formulation of the company’s strategies as well as in the implementation of those strategies through human resource activities such as recruiting, selecting, training and rewarding personnel. www.AssignmentPoint.com

Strategic HRM is a strategic approach of procuring, recruiting, maintaining, and utilizing human resource. “Strategic HRM is the process of acquisition, development, motivation & maintenance of human resource crafted or to be crafted for discovering, developing, maintaining and utilizing human resource of an organization” www.AssignmentPoint.com

Principal Function of SHRM Human resource planning Personnel selection and staffing Organization and job design Career development Organization development Training and development Research and information Labor relations Employee assistance and support Compensation and benefits administration. www.AssignmentPoint.com

Characteristics of SHRM Recognition of the outside environment Impact of competition Long ranges focus Choice & decision making focus Consideration of all personnel Integration with corporate strategy www.AssignmentPoint.com

Difference between SHRM & Personnel Management The major differences between SHRM & personnel Management are briefly discussed in the following table. Dimension Strategic HRM Personnel Management 1. Planning & Strategy formulation Participates in formulating overall organization at strategic plan and aligning HR functions with company strategy. It involved in operational planning only. 2. Authority Has high status and authority for top personnel officer Has medium status & authority 3.Scope It concerned with all managers and employees It concerned primarily with hourly, operational and clerical employees 4. Decision making It involved in making strategic decision Makes operational decisions only 5. Integration It fully integrated with other organizational functions Has moderate to small integration with other organizational function. 6.Coordination Coordinate all HR activities. Does not coordinate all HR functions. www.AssignmentPoint.com

Management Guidelines Determine corporate strategy Integrate with other strategy Flexible and ready Involve with strategy formulation Consider all employees Consider out side environment Sense about environment Project consequences Match with strategy and labor market www.AssignmentPoint.com

Book Reference Book Name: Strategic Human Resource Management Edition : Second Written By: Jeffry A. Mello www.AssignmentPoint.com

Thank You for Attending the Session www.AssignmentPoint.com