Chapter-1-Strategic-Human-Resource-Management.docx - Chapter 1 Strategic Human Resource Management What Human Resource Management Organizations are

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Chapter 1: Strategic Human Resource ManagementWhat Human Resource Management?Organizations are formed to accomplish goals that a single individual could not do.Organizational goals: an organization’s short- and long-term goals that human resource management aims to support and enableoCan be separated into economic, social, and environmental goalsHuman resource management: the leadership and management of people within an organization using systems, methods, processes, and procedures that enable employees to optimize their contribution and its goalsEmployee goals: goals to assist employees to achieve personal goals that will enhance their contribution to the organizationStrategic Human Resource Management HRM is part of a larger framework of SHRMStrategy: involves a large-scale, future-oriented, integrated plans to achieve organizational goals and respond to uncertain and competitive environments facing the organizationStrategies are formed at the following levels: oCorporate- involving the entire organizationoBusiness- involving a major activity, business, or division in a large multi-business organizationoFunctional- involving managers of different activities, services (e.g. finance, marketing), or geographical areaSHRM: integrating human resource management strategies and systems to support the organization’s overall mission, strategies, and success while meeting needs of employees and other stakeholdersProactive human resource management: an HRM approach wherein decision makers anticipate problems, or challenges and likely challenges and take action before it impacts the organizationoFor example, hiring from a non-traditional labour poolReactive human resource management: an HRM approach wherein decision makers respond to problems or challenges rather than anticipate themUnderstanding the Strategic Human Resource Management Process
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1.Environmental scan- through careful monitoring of economic, social, and labour trends and noting changes in governmental policies, legislation, and policy statements, effective HRM will be able to identify environmental threats and opportunities that help formulate new action guidelinesThe strongest environmental forces facing Canadian companies today are listed belowEconomic Forces (EF)Economic forces: economic factors facing
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