Class 4 - Ch2. 2 Strategic HRM_w

Class 4 - Ch2. 2 Strategic HRM_w - MGMT 321 Chapter 2...

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1 MGMT 321: Chapter 2 Strategic HR Management and Planning
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2 Learning Objectives After you have read this chapter, you should be able to: Explain strategic HR management and how it is linked to organizational strategies. Define HR planning and outline the HR planning process. Discuss several ways of managing a surplus of human resources. Identify why HR metrics must consider both strategic and operational HR measures.
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3 Human Resources as a Core Competency Core Competencies The unique capabilities of employees in an organization that create high value and that differentiate the organization from its competition Strategic Human Resources Management The use of employees to gain or keep a competitive advantage, resulting in greater organizational effectiveness.
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4 Strategic HR Management Process Figure 2–1
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5 Linkage of Organizational and HR Strategies Cost Leadership Competition on the basis of low price and high quality of product or service Efficient and stable Relies on “building” employees to fit specialized needs (emphasis on training) Requires a longer HR planning horizon approach Centralized structure Differentiation Competition on the basis of either offering distinctively
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This note was uploaded on 02/21/2011 for the course MANAGEMENT 321 taught by Professor Joshi during the Spring '09 term at George Mason.

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Class 4 - Ch2. 2 Strategic HRM_w - MGMT 321 Chapter 2...

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