This is the lecture 4 of course "Strategic Human Resource Management" This slideshare network of RECONNECT will provide all the presentation related to case studies, project presentations, educational, motivational slides & much more. Follow Reconnect on slide share. Official fb page: facebook.com/reconnectt Official fb group: facebook.com/groups/reconnecting.tech/ Rights are reserved for this presentation. Please inbox 1st to get permission to use this

1. Lecture 4
Strategic HRM

3. • Concept of Strategic HRM
• Aims of strategic HRM
• Soft and Hard HRM
• 5 approaches to Strategic HRM
Group 1 Presentation

4. Stages of the evolution of strategy and
HRM integration
• Administrative Linkage
• One way linkage
• Two way linkage
• Integrative linkage

6. Limitations to the concept!!

8. Traditional and Strategic HR

11. Challenges in implementing
SHRM System

12. Ongoing Challenges in SHRM

14. Types of HR Strategies

16. 2. Specific HR Strategies
• talent management
• Continuous improvement
• Capturing, sharing and using knowledge to
enhance learning and performance;
• Resourcing

17. HRM Strategy
• The biggest challenge will be to maintain [our] competitive
advantage and to do that we need to maintain and continue
to attract very high caliber people. The key differentiator on
anything any company does is fundamentally the people, and I
think that people tend to forget that they are the most
important asset. Money is easy to get hold of; good people
are not. All we do in terms of training and manpower planning
is directly linked to business improvement.

18. HRM Strategy
1. Reward and recognition: use recognition and reward
programmes to stimulate outstanding team and
individual performance contributions.
2. Talent management: drive the attraction, retention
and professional growth of a deep pool of diverse,
talented employees.
3. Organizational effectiveness: ensure that the
business adapts its organization to maximize
employee contribution and deliver performance
goals.

19. Formulating and Implementing
Strategies

20. • Intentions and Implementation plan
• Evolution process of HR Strategies
• Role of managers in strategy formulation.
• Role of top management and staff

21. Schools of strategy development
1. The Design School
2. The Process School
3. The Configuration School

22. Levels of strategic decision
making

23. 1. Upstream first-order decisions
2. Downstream second-order decisions
3. Downstream third-order decisions

24. Developing HR Strategies

25. Build Support
Image the future
Understand capabilities and gap
Create a map of system
Model the dynamics of system
Bridge into action

26. Specific approaches to strategy
development

27. Best Practice
Best Fit
Bundling Approach

28. Criticism