Strategic Human Resources Flashcards
What makes up business strategy and HRM strategy
Business strategy: missions/values, strategies, tactics, products
HRM strategy: principles, polices, practices, competencies
Proactive
Decision makers anticipate problems and likely challenge and take action before a problem exists
Reactive
Decision makers respond to problems rather then anticipate them
6 step SHRM process
Environmental scan, organizational mission & goal analysis, org. Cultural analysis, org. Strategy, analysis, choice /implementation of HR strategies,review evaluate audit HR strategies
Environmental scan
Legal, economic, demographic, technological, cultural
Technological forces
Flexible work design, information sharing and knowledge management, automation….. New technology > automation of jobs > layoffs retraining
Economical cycles
Recessions lead to layoffs lower morale, boom cycles lead to recruiting training
Demographics and cultural forces
Gender balance, generational shift, immigration & diversity
Temporary foreign worker program
See notes
Review of HR strategies (5)
Compliance (legal) , client satisfaction (internal & external), cost control (employees as expense) , contribution ( making employee better ) , culture management ( creation & monitoring )
Define: strategic human resource management
HR strategies and tactics = linked organizational strategies and priorities……… Business strategy goes in a loop with HRM strategy
Why is SHRM important to Canadian firms?
Source of competitive advantage
Lower turnover
Greater firm-level performance
