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SHRM FINAL - Coggle Diagram
SHRM FINAL
LEC 5: HR STRATEGY/HR SYSTEM
HR strategy
def
Three Linked Areas of HR Strategy
Levels of an HRM System
Strategic Choice in HRM
hr system component
HR Philosophy
HR Policies
HR Programs
HR Practices
HR Processes
main characteristics of Lepak and Snell’s four HR architectures
Quadrant 1: Developing Human Capital
Quadrant 2: Acquiring Human Capital
Quadrant 3: Contracting Human Capital
Quadrant 4: Creating Human Capital Alliances
LEC 2: HRM - source of firm competitive advantage
RBV’s four criteria/attributes of resources
Valuable
Rare
Imperfect imitability
Non-substitutable
Applicaion of RBV
Human Capital Advantage
Social Capital Advantage
Core Competencies And Capabilities
Human Process Advantage
Human systems advantage
LEC 3: HOW SHRM IMPACT ON FIRM PERFORMANCE
3 theories: HRM-performance link
Ability–motivation–opportunity (AMO) theory
social exchange theory
attribution theory
Distinguish
best-practice
best-fit
LEC 4: perspective on formulating (xd) HR system:
high performance work system
Pfeffer’s 13 best practices
Employment Security
Selective recruitment
Incentive pay:
Information Sharing
Participation and empowerment
High wages
Employee ownership
Self-managed teams
Training And Skill Development
Cross-utilization and cross-training
Symbolic Egalitarianism
Wage Compression
Promotion From Within