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strategic human resource management - Coggle Diagram
strategic human resource management
DEFINITION
identifies & manages current & future human resource needs
helps achieve competitive advantage through a highly capable workforce
METHODS
Providing company transparency
Compensation/benefits planning
Skill training/specialization
Transfer to different dept./company
HR letter
References
BENEFITS
Avoiding costly and disruptive surprises that interfere with achieving goals.
Addressing key issues in a timely manner to avoid crises.
Promoting employee productivity and overall organizational success.
Providing a sense of direction to positively affect how work gets done.
Keeping employees focused on organizational goals.
Providing a strategic focus to guide training and development initiatives.
Giving leaders tools to help focus and implement their strategic initiatives.
HOW TO MAKE AN IMPACT WITH SHRM
Create a HR plan that suits the business
define your business, skills required etc
Align HR activities
HR activities must follow strategy (recruiting, benefits, etc)
Keep track of plan/impact
is business getting better?
DEVELOP STRATEGIC HR PLANS
Know current situation
SWOT analysis
Envision the future
Develop objective
Monitor and evaluate