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Strategic management class lectures_123981438-Strategic-Human-Resource-Management

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Strategic HRM Human Resource Management HRM: 301 What is SHRM? Survey of 1050 companies indicates that still HR professionals devote less than one-third of their time to strategic HR activities. Most of their time spent on traditional HR Traditional HR activities are: a. Human Resource Planning b. Recruiting Staff c. Job Analysis d. Establishing Performance Review Systems e. Wage, Salary, and Benefits Administration f. Employee Training g. Personnel Record Keeping h. Legislative Compliance (Affirmative action, EEO i. Labor Relations 2 Strategic HRM: Some Theoretical Approach • The New Role of HR can be described most simply as “one of helping managers maximize the contribution of employees in achieving Competitive Advantage.” (James Walker) • SHRM is “concerned with the promotion of efficiency and profitability, it centers on how organizations can improve their competitive performance by considering and utilizing their HR more effectively.” (Ian Clark) • As there is considerable debate about how “helping managers maximize the contribution of employees” or “utilizing their human resources more effectively”. A number of theoretical models have been developed. 3 Traditional and Strategic Views of HRM a. Traditional view of HRM Personnel • Staffing • Pay • Training Research and Development Finance Production Marketing R&D b. Strategic view of HRM Strategic Goal Marketing 4 Universalistic Approach to SHRM • A Universalistic Approach ...
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