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9859068
References:
• Human Resource Management, 13 Edition, Wayne Dean Mondy
• Strategic Human Resource Management by Jeffrey A. Mello
• Strategic Human Resource Management by Charles R. Greer
ORGANIZATIONAL
GOALS
Planning
and decision Organizing
making
Inputs from the environment
• Human resources Goals attained
• Financial resources • Efficiently
• Physical resources • Effectively
• Information resources
Controlling Leading
HRM
Human
Resource
Management
Human Resource Management
Managerial function that
tries to match an
organization’s needs to the
skills and abilities of its
employees.
Human Resource Management
Human Resource Management (HRM) is the
approach of Management of an organization's most
valued assets - the people working there who
individually and collectively contribute to the
achievement of the objectives of the business. In
simple sense, HRM means employing people,
developing their resources, utilizing, maintaining
and compensating their services in tune with the job
and organizational requirements to achieve its goals
effectively & efficiently.
Organizational Performance
1.Staffing
5.Employee 2.Human
& Labor Resource
Relations Functions Development
of HRM
Strategy Formulation
Strategy Implementation
Strategy Evaluation
20
Strategy Formulation
Long-Term Objectives
Alternative Strategies
Strategy Selection
21
Strategy Implementation
Annual Objectives
Policies
Motivate Employees
Resource Allocation
22
Strategy Evaluation
Review
External & Internal
Measure Performance
Corrective Action
23
Strategic Planning vs. Long-range
Planning
Long-range planning is Strategic planning assumes
considered to mean the that an organization must
development of a plan for be responsive to a dynamic,
accomplishing a goal or set changing environment
of goals over a period of Strategic planning assumes that
organization must be quick to
several years, with the respond to a dynamic, changing
assumption that current environment, which may
knowledge about future require changes in the future.
conditions is sufficiently Strategic planning, then, points
reliable to ensure the plan's out the importance of making
reliability over the duration decisions that will ensure your
organization's ability to
of its implementation. successfully respond to changes
long-range planning tends to be overly in the environment. 24
Strategic Human Resource Management
Strategic human resource management (SHRM) is a
concept that integrates traditional human resource
management activities within a firm's overall
strategic planning and implementation.