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Strategic Human Resource Management   Document Bundle
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Strategic Human Resource Management

Strategic human resource management is a process that helps the human resources department maximize the potential of its workforce through strategic planning, talent management, leadership development, organizational design, and performance management.

In the past, strategic HR management was an administrative function. Today, HR managers play a critical role in ensuring that the organization has the right people that help improve business performance and ensure that it delivers on its mission.

Strategic human resource management involves developing and implementing strategies for attracting, retaining, motivating, and managing talented individuals who contribute to the organization's success. HRM also includes policies and practices designed to ensure fairness in employment relations.

Strategic human resource management aims to achieve a competitive advantage by creating value for customers, shareholders, employees, and other stakeholders. The term "strategy" refers to the organization's overall plan of action to create value. It is not just one thing; it is a combination of many things, including:

a. Actions are taken by the organization to meet customer needs
b. Policies and procedures used to manage the organization
c. Processes used to produce goods or services
d. Marketing activities used to sell products and services
e. Financial decisions made to fund operations
f. Organizational structure
g. The technology used to support business processes
h. People-related issues such as recruitment, selection, training, compensation, benefits, and performance management
i. Legal requirements and regulations affecting the organization

Businesses benefit from strategic human resources management because it allows human resource departments to make better decisions. For example, companies can develop plans to improve productivity, reduce costs, increase profits, and enhance employee satisfaction. The sales and HR departments play a role in determining whether the company should expand into new markets, acquire another company, or merge with another business.

Strategic HR involves careful consideration and analysis. Due to that, here are specific benefits of human resource strategic planning for businesses:

a. Identify areas of weakness and strengths
b. Develop strategies to address these weaknesses and strengths
c. Establish sub-goals and objectives to measure progress toward the end goal
d. Make sure there is alignment between business strategy and human resources strategy
f. Ensure that all aspects of the organization revolve around the same set of goals and objectives
g. Create a culture of continuous improvement
h. Evaluate the effectiveness of programs and policies
i. Increased job satisfaction
j. Employee retention

Best regards,

UJ Consulting


THERE ARE 21 PRODUCTS ARE IN THIS BUNDLE:


Building a World Class HR Strategy Lecture Outline 1. HR Strategy to Drive Business Performance a. Six Steps to Craft Your HR Strategy b. Three Tests of Best HR... [read more]

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Building a World Class HR Operations Lecture Outline 1. Fundamental of HR Operation Model 2. HR Strategy & Business Result 3. Manpower Planning Framework & Forecasting 4.... [read more]

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In addition to the common comparisons between Personnel and HRM, there are many who believe that HRM is merely a return to the human relations school of management philosophy.... [read more]

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Human Resource and Quality Management (QM) Lecture Outline 1. Human Resources and Quality Management 2. Changing Nature of Human Resources Management 3.... [read more]

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Organization Design and Culture PPT Lecture Outline 1. What is Organizational Culture? 2. Levels of Corporate Culture 3. How Employee Learn a Culture? 4. Can... [read more]

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Organization Structure Lecture Outline 1. Organization Structure 2. The Relationship of Organization Design to Efficiency vs. Learning Outcomes 3. Ladder of Mechanisms for... [read more]

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Strategic Human Resource Management Lecture Outline 1. Responsibilities of HR Department 2. HR as a Business with three product lines 3. Competencies Do HR Professionals... [read more]

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Developing Effective Recruitment Strategy Contents : 1. 3 Key Shift in Effective Recruitment Strategy 2. Strategic Recruitment Decisions 3. 7 Recruitment Strategies to... [read more]

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Employee Development Plan PPT (Best Practice Guidebook) Practical & Powerful Development Activities for Competency Enhancement Contents : 1. Relationship... [read more]

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People Analytics Driven Business Growth PPT Contents 1. What is People Analytics 2. Six Common Uses For People Analytics 3. Benefits of People Analytics 4. People... [read more]

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Talent Management - Guidelines and Templates Contents of the Guidelines This talent management guidelines and templates will explain the following things:  Definition... [read more]

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Career Management System Gudelines and Templates This career guide and policy provides the following items:  Career level and career plan matrix  Policy and... [read more]

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Workload Analysis Guidelines and Templates PPT Contents 1. Examples and Form Templates for Workload Analysis 2. Template for Finance Department Workload and Required Hours... [read more]

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COACHING A coach is a peer or manager who works with employees to motivate them, help them develop skills, and provide reinforcement and feedback. 360-degree assessment ... [read more]

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Compensation includes topics in regard to wage and/or salary programs and structures, for example, salary ranges for job descriptions, merit-based programs, bonus-based... [read more]

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DEFINITION The acquisition of knowledge, skills, and behaviors that improve an employee's ability to meet changes in job requirements and in client and customer demands (... [read more]

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HR Performance Management System (PMS) Lecture Outline 1. Problems and Possible Solution in Performance Management 2. Performance Management in Practice 3. Model... [read more]

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The process of finding and hiring the best-qualified candidate (from within or outside of an organization) for a job opening, in a timely and cost effective manner. The... [read more]

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Competency Alignment of Human Resource System Lecture Outline 1. What do we mean when we say "COMPETENCY" ? 2. Competencies are seen mainly as inputs 3. Key... [read more]

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Importance of Competencies Iceberg Model Lecture Outline 1. What is a Competency 2. History of Competency 3. Components of Competencies 4. Types of Basic Competencies 5.... [read more]

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Managing KPI with Balanced Scorecard Lecture Outline 1. Performance Management Framework 2. Management Component 3. Performance Management Cycle 4. Managing Performance... [read more]

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ABOUT THE AUTHOR

Author: UJ Consulting
Additional documents from author: 175

UJ Consulting

Untung Juanto ST. , MM. Founder of UJ Consulting. He is professionally experienced business and management consultant in several local and multinational companies. [read more]

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