L2. SHRM. PPT Flashcards
critical factor that affects firm performance
strategy
process for analyzing a company’s competitive situation, developing the company’s strategic goals, and devising a plan of action and allocation of resources that will help a company achieve its goals
strategic management
patter of PLANNED human resource deployments and activities intended to enable an organization achieve its goals
strategic human resource management
7 steps to being strategic
- aware of business context
- understand the business
- appreciate how hr can add value
- see the big picture
- act as change agent
- make convincing business case for innovation
- practice evidence-based management
practice of attracting, developing, rewarding, and retaining employees for the benefit of both the employees as individuals and the org as a whole
strategic human resource management
linking of human resources with strategic goals and objectives in order to improve business performance
strategic human resource management
nature of SHRM
- Long-term focus
- associated with goal setting
- interrelated with business strategies
- fosters corporate excellence skills
aims of shrm
- to develop strategic competencies
- to give sense of direction
- to achieve integration
- to formulate business strategy
Expressed in statements defining business values and culture. It expresses how to treat and value people.
philosophy
Expressed as shared values and guidelines. It establish guidelines for action on people related business issues and HR programs
policies
Articulated as human resource strategy. These coordinate efforts to facilitate change to address major people related business issues.
programs
For leadership managerial and operational role _____
motivate needed role behaviours.
practices
For the formulation and implementation of other activities these define how activities are carried out.
processes
5 P model of SHRM
philosophy
policies
programs
practices
processes
challenges of SHRM
- absence of long-term orientation
- lack of strategic reasoning
- lack of adequate support from top management
- resistance from labor unions
- fear of failure
- rigidity of hr practices
overcome challenges of shrm
i. Conduct a rigorous initial analysis
ii. Formulate Strategy
iii. Gain Support
iv. Assess barriers
v. Manage Change
vi. Project Management and Implementation
vii. Follow-up and Evaluate
