BUSI 3102 - Chapter 1.docx - BUSI 3102 Chapter 1 \u2013 Strategic Human Resource Management What is Human Resource Management Organizations bring people

BUSI 3102 - Chapter 1.docx - BUSI 3102 Chapter 1 u2013...

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BUSI 3102 Chapter 1 – Strategic Human Resource Management What is Human Resource Management? Organizations bring people together in a coordinated manner to accomplish goals or objectives that could not be accomplished by a single individual Organizational goals: an organizations short and long-term outcome that HR management aims to support and enable o Categorized into economic (e.g. profit, shareholder value), social (e.g. ethical practices), and environmental (e.g. reduction of carbon footprint) o For an organization to achieve its goals, employees must engage in actions and behaviours that move the organization toward accomplishing them Human resource management: the leadership and management of people within an organization using systems, methods, processes, and procedures that enable employees to optimize their performance and in turn their contribution to the organization and its goals o HR management is not an end in itself; it is a means of structuring the organization to facilitate and enable the organization to achieve its objective o Focus on what leaders and managers should do Human resource department: a specialized group with the primary focus of ensuring the most effective use of human resource systems across an organization to enhance employee performance and accomplish organizational goals Making Human Resource Management Strategic: Strategic Human Resources Management: integrating the strategic needs of an organization into the organization’s choice of human resource management systems and practices to support the organization’s overall mission, strategies and performance o Value-driven, proactive focus on how best to deploy HR practices and activities to enable an organization to achieve its goals o While also recognizing that the people who make up an organization’s HR department will have needs and goals of their own o Walmart – “save money. Live better” tends to follow a low-cost strategy Gamification: the use of rules, competition, and teamwork to encourage engagement by mimicking games Managers of HR need to be able to integrate and synthesize information about an organization, its environment, its culture and strategies to make the most effective HR decisions for the organization o Workout facilities – first glance a cost machine, but can increase employee morale, decrease sick day expenses and health benefits and time saving for employees HR issues are also dominating corporate strategic priorities – ex. Disengaged employees are costly
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Understanding the Strategic Human Resource Management Process: Know what you are aligning to, understand your external and internal environment, make decisions and evaluate decisions 1. Organizational Mission, Goals and Strategy Analysis: Mission statement: statement outlining the purpose and long-term objectives of the organization o Specifies what activities the organization intends to pursue and what course is charted for the future o
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