Human resource management strategy
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Transcript of Human resource management strategy
Human Resource Management Strategy(HRMS)
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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.
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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.
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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.
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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?
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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.
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