Class Notes (837,488)
Canada (510,274)
York University (35,409)
HRM 3430 (61)
Lecture 2

HRM 3430 Lecture 2: Chapter 2
Premium

2 Pages
62 Views
Unlock Document

Department
Human Resources Management
Course
HRM 3430
Professor
Leigh Lampert
Semester
Winter

Description
Chapter 2 Overview: -Strategic HRM is a set of distinct but interrelated practices, policies, and philosophies  enable organizations  strategy. -By involving HR in the discussion of strategic policies, an organization has a better chance of being effective in the implementation of these policies. -Various approaches to linking HRM strategies to organizational strategies. -We can start with the corporate strategy that leads to the HR strategy, or start with the HR competencies that lead to business strategy, or use a blend of the interrelationship of the HR strategy and the corporate strategy. -Aligning HR strategy with the corporate strategy and with other functional strategies is important. What is strategic HRM? -Human Resources Management (HRM) is an umbrella term that encompasses: • Specific HR practices (recruitment, selection, appraisal) • Formal HR policies • Overarching HR philosophies (values that inform the organization’s policies and practices) -Strategic HRM: interrelated practices, policies, and philosophies that facilitate the attainment of organizational strategy The importance of strategic HR planning: 2 main reasons strategic planning is so important: 1) employees help an organization achieve success because they are its strategic resources 2) the planning process itself results in improved goal attainment Employees as strategic resources: -HR can deteriorate if skills and knowledge become obsolete -Investment in employees’ skills increases the value of the organization’s human capital -The “value” of this human capital must be captured within the strategic HR plan -Human assets  competitive advantage: • Managing HR strategically = more likely to survive/profit • Human assets must be managed and matched to the organizational strategy Improved goal attainment: -Strategy formulation is important to attaining organizational goals -Aligns all HR functional strategies with overall strategy -Focuses employees on important missions and goals of the organization -Developing HR practices that support the stra
More Less

Related notes for HRM 3430

Log In


OR

Join OneClass

Access over 10 million pages of study
documents for 1.3 million courses.

Sign up

Join to view


OR

By registering, I agree to the Terms and Privacy Policies
Already have an account?
Just a few more details

So we can recommend you notes for your school.

Reset Password

Please enter below the email address you registered with and we will send you a link to reset your password.

Add your courses

Get notes from the top students in your class.


Submit