Human resource management strategy

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Information about Human resource management strategy
Business & Mgmt

Published on March 11, 2014

Author: appliview

Source: slideshare.net

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This slide contains basics of Human Resource Management Strategy.

Human Resource Management Strategy (HRMS) Appliview-Innovating Recruitment www.appliview.comAppliview-Innovating Recruitment www.appliview.com

Human Resource Management Strategy “Strategy” means -  A critical factor that affects company’s performance,  A factor that contributes to Competitive Advantage in markets,  Plans that involve the top executives and/or board of directors of the firm,  A general framework that provides a perspective for selecting specific policies and procedures keeping long term focus. Appliview-Innovating Recruitment www.appliview.comAppliview-Innovating Recruitment www.appliview.com

Human Resource Management Strategy Why is HR critical to firm performance?  85% of all firms are service firms.  Low quality HR leads to low quality customer service.  Effective knowledge management translates into competitive advantage and profits.  Knowledge comes from a firm’s people,  Buying an ATS (Applicant Tracking System) is also a strategic question. Appliview-Innovating Recruitment www.appliview.comAppliview-Innovating Recruitment www.appliview.com

Human Resource Management Strategy What is unique about Human Resource Management?  HR is multidisciplinary: It applies the disciplines of Economics (wages, markets, resources), Psychology (motivation, satisfaction), Sociology (organization structure, culture) and Law (min. wage, labor contracts, EEOC)  HR is embedded within the work of all managers, and most individual contributors due to the need of managing people (subordinates, peers and superiors) as well as teams to get things done. Appliview-Innovating Recruitment www.appliview.comAppliview-Innovating Recruitment www.appliview.com

HR Strategy: Strategic Fit Training Rewards Corporate Strategy Business Strategy HR Strategy HR System (Performance Mgmt.)

HR Strategy: Strategic Roles Critical Thinking Questions: 1. Which roles are Strategic? 2. What are the advantages of focusing on foot soldiers with the company HR policies? Appliview-Innovating Recruitment www.appliview.comAppliview-Innovating Recruitment www.appliview.com

HR Strategy: Consistency Consistency is an important quality related to the execution of HR policies. Employees should receive a undiluted message of what behaviors are important and desirable. When there is a fit between HR systems, employees are likely to receive consistent feedback. Appliview-Innovating Recruitment www.appliview.comAppliview-Innovating Recruitment www.appliview.com

Appliview-Innovating Recruitment www.appliview.comAppliview-Innovating Recruitment www.appliview.com

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