Chapter 8-Strategic HRM 1 for printing

Chapter 8-Strategic HRM 1 for printing - Strategic Human...

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Strategic Human Resource Management Wed Jan 20, 2010 Strategy Review HRM processes SAP and Lincoln Electric
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Historical Overview Craftspeople and Apprentices Industrial Revolution Personnel Administration Human Relations Movement Strategic Management of People in Organizations
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Strategic Management Strategic Management Process for analyzing a company’s competitive situation, developing the company’s strategic goals, and devising a plan of action and allocating resources that will increase the likelihood of achieving these goals.
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Strategic Human Resource Management Strategic HRM The pattern of planned human resource deployments and activities intended to enable an organization to achieve its goals.
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Examples SAP Dominant supplier of business systems software (scheduling, purchasing, payroll etc.) Expanded into IT and management consulting. Lincoln Electric Manufacturing company. 1895 it was founded to manufacture electric motors and generators. 1974 it specialized in arc welding products.
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Generic Business Strategies Low-cost strategy Become the lowest cost producer in an industry. Provide standard, no frills, high volume product. New firms do not enter (or enter and exit quickly) because existing firm can lower costs below competitors’ costs. Power is centralized (well established rules and procedures).
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Generic Business Strategies Innovation/Differentiation Product or service is different from others in the industry. Consumers are willing to pay a premium for this unique feature. Environment is dynamic, uncertain, and competitive. Power is decentralized (few bureaucratic rules or standard procedures).
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Strategy Formulation Mission - reason for being Goals - what it hopes to achieve Strategic Choice External Analysis - opportunities - threats Internal Analysis - strengths - weaknesses - ways to fulfill goals and mission HR Input
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Promise of SHRM Firm Performance Strategic Choice Firm Performance - productivity - quality - profitability HR Needs - task design - people - rewards HR Capability - skills - abilities - knowledge HR Actions - behaviors - results HR Practices - recruitment - training - performance management - labor relations - HR planning - job analysis - job design - selection - development - pay structure - incentives - benefits Emergent Strategies
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Strategy Implementation - HRM Task Design All tasks involved in the production of a good or the provision of a service are grouped into jobs. Job analysis (job description, job specification) and job design (simple tasks vs. complex tasks).
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Strategy Implementation - HRM People (individuals) Do the employees have the necessary KSAOs to implement the strategy effectively and efficiently. Recruitment, selection, training, development, career- management.
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Strategy Implementation - HRM Reward Systems (formal org) Do employee behaviors support the strategic objectives?
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