Chapter 1 - Strategic Human Resource Management Flashcards
Define human resource management (HRM).
it supports and enables organizations to meet short and long-term ECONOMIC, SOCIAL, and ENVIRONMENTAL goals
Explain strategic HRM.
it is the process on integrating strategic needs of an organization into the choice of HR systems and practices to support the overall mission, strategies, and performance
How does strategic HRM decide which HR tools/strategies to use?
It will depend on what the organization is trying to achieve. HR tools must align with organization goals
True or false: EVERY HR practice should generate value for the company?
TRUE
What are the 5 steps in the strategic HRM model
- organizational mission, goals, and strategy analysis
- environmental scan
- analysis of organizational character and culture
- choice and implementation of HR strategies
- review, education, and audit of HR strategies
Define mission statement.
outlines the purpose, long-term objectives, and activities the organization will pursue and the course for the future
How are the organization’s goals different than the organization’s strategies?
Organizational goals outline what they want to ACHIEVE in a given time period.
Organizational strategies determine the appropriate array of HR practices to ensure they align.
How are HR strategies connected to the organization’s strategies?
HR strategies are crucial in the successful completion of the organization’s goals. Thus, they must align to ensure the organizational goals are met
What is an environmental scan?
a continuous monitoring of major forces
NEED MAJOR FORCES DIAGRAM
!
What are the 5 major forces in an environmental scan?
- economic
- technological
- demographic
- cultural
- legal
What are the 4 economic forces? (environmental scan)
- economic cycles
- global trade
- productivity and innovation improvement
- knowledge workers
What are the 3 technological forces? (environmental scan)
- connectivity and work design
- automation
- data and analytics
What are the 4 demographic forces? (environmental scan)
- gender balance
- educational attainment of workers
- aging population
- generational shift
What are the 2 cultural forces? (environmental scan)
- diversity and social justice
- ethics
Explain the main idea behind step 3 in the strategic HRM model.
Step 3 = analysis of organizational structure and culture
HR strategies should be formulated AFTER looking at the organization structure
What makes up the organization’s structure?
- employees
- objectives (goals)
- technology
- size (of company)
- age
- unions
- policies
- successes
- failures
What is the big idea behind structure (of an organization)?
Structure reflects the fast and shapes the future
What makes each organization’s structure unique?
CORE BELIEFS and ASSUMPTIONS that are widely shared by ALL organizational members make up the structure of an organization. No two company’s will be alike based on these core beliefs and assumptions
What is the big idea behind step 4 in the strategic HRM model?
a clear line of sight between HR strategy and corporate goals
LINE OF SIGHT DIAGRAM
In the choice and implementation of HR strategies phase (strategic HRM model) what are the continuous focus points? By who?
HR needs to continually focus on the following
- identifying opportunities, risks, and challenges
- making data-informed decisions aligned to strategy
- optimizing for high performance
What are the big ideas behind step 5 in the strategic HRM model?
- HR strategies should be examined periodically in consideration of changing factors
- HR audit
What is an HR audit?
holistic review of HR strategies with the intention of identifying and correcting deficiencies
What are examples of changing factors?
- technology
- environment
How is HR connected to competitive survival?
HR activities aimed at productivity, improvement, succession planning, and cultural change are critical
These are what separates competition