Human Resource Management Strategies

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Questions and Answers

What is the fundamental aim of Strategic Human Resource Management (SHRM)?

Implement strict performance evaluations

Achieve vertical and horizontal integration of HR strategies (correct)

Maximize employee salaries

Focus solely on employee training programs

How does the resource-based view of SHRM define competitive advantage?

Achieved when a firm reduces employee turnover

Gained by adopting universal best practices in HR

Established through a unique range of resources that rivals cannot duplicate (correct)

Obtained by minimizing office expenses

What does vertical strategic fit emphasize in SHRM?

Improving HR policies independently of business strategies

Alignment of HR practices with internal employee satisfaction

Linking HRM practices with the strategic management processes of the organization (correct)

Balancing HR practices with external market trends

What is the main characteristic of the universalistic perspective on SHRM?

Suggests that all organizations should adopt the same best HR practices Signup and view all the answers

What does the contingency perspective on SHRM stress?

The importance of consistency between HR policies and other organizational aspects Signup and view all the answers

Which of the following best reflects the significance of investment in human resources according to the resource-based view?

It enhances the value of employees to the organization Signup and view all the answers

What does horizontal strategic fit in SHRM concern itself with?

Consistency among HRM practices within the organization Signup and view all the answers

According to the resource-based view, what makes human resources a source of competitive advantage?

Their unique characteristics that are not easily imitated by competitors Signup and view all the answers

Which of the following is identified as a strength of the organization?

Stronger ICT infrastructure Signup and view all the answers

What is a primary opportunity for the organization as per the analysis?

Opening new programs Signup and view all the answers

Which of the following factors is categorized under the 'Legal' aspect of the PESTLE analysis?

UAQTEA Signup and view all the answers

What is considered a weakness for the organization?

No building/small campus Signup and view all the answers

Which strategic plan element focuses on improving organizational performance?

Compensation strategies Signup and view all the answers

What is the primary focus of the outside-in approach in formulating HR strategy?

Deriving HR strategy directly from business challenges Signup and view all the answers

Which of the following is NOT a criterion for an effective HR strategy?

It focuses solely on external stakeholder needs Signup and view all the answers

Which of the following best describes the intent behind the employee relations reward component?

To outline the long-term goals for reward practices Signup and view all the answers

What is meant by the 'inside-out' approach in formulating HR strategy?

Evaluating current HR functions before linking to business Signup and view all the answers

Which of the following components does NOT contribute to a coherent HR strategy?

Addressing only the employees’ personal development needs Signup and view all the answers

What does the vision statement refer to in the context of organizational strategies?

A future aspiration and goal for the organization Signup and view all the answers

What is the primary purpose of defining what the organization wants in terms of reward policies?

To support the achievement of business goals Signup and view all the answers

Which of the following statements about effective HR strategy is correct?

It is actionable and responsive to anticipated issues Signup and view all the answers

Which type of organization lacks a consistent strategy and primarily reacts to market changes?

Reactors Signup and view all the answers

What is the primary characteristic of Analyzers in comparison to other organizational types?

They are large corporations that develop new products while building on others' innovations. Signup and view all the answers

What are High-Performance Work Systems (HPWS) designed to enhance?

Employee performance and engagement Signup and view all the answers

Which HR strategy aims to improve organizational performance in productivity and customer service?

High Performance Management Signup and view all the answers

What is the process called that involves combining multiple HR practices to ensure they are interconnected?

Bundling Signup and view all the answers

Which type of organization operates in a more stable environment and engages in long-term planning?

Defenders Signup and view all the answers

What defines General HR Strategies within an organization?

The total system of mutually reinforcing HR practices Signup and view all the answers

Which HR strategy includes practices like rigorous recruitment and extensive training?

High Performance Work Systems Signup and view all the answers

What is one of the primary goals of Gordon College?

To promote community development through relevant extension programs Signup and view all the answers

Which objective focuses on maintaining quality and relevance in education?

To continuously evaluate educational programs Signup and view all the answers

What key aspect is integrated into the curriculum to support lifelong learners?

Moral principles and standards Signup and view all the answers

Which human resource competency relates to collecting and analyzing data?

Research Signup and view all the answers

What measure indicates the percentage of faculty with a permanent appointment?

30% Signup and view all the answers

Which initiative aims to motivate employees throughout their careers?

Career partnership program Signup and view all the answers

What type of faculty training is mandated per semester regardless of employment status?

One planned training Signup and view all the answers

What is a key benefit provided for those engaged in research and extension activities?

Incentives for outputs Signup and view all the answers

Study Notes

Organizational Strategy

GC aims to become the premier higher education institution in Region 3.
Focus on strengthening organizational performance through strategic planning.
GC will implement a comprehensive strategy to achieve goals related to strategic situation, recruitment, training and development, compensation, and rewards.

Human Resource Management (HRM)

Fundamental aim of SHRM: Integration of HR strategies with business strategies and horizontal integration of HR strategies.
Resource-based view of SHRM: Suggests that organizations gain a competitive advantage through investment in human resources.
Strategic fit: Emphasizes alignment between HR strategies, business strategies, and the organization's environment.
- Vertical strategic fit refers to the alignment between HRM practices and the organization's strategic management processes.
- Horizontal strategic fit refers to the coherence among HRM practices.

Perspectives on SHRM

Universalistic perspective: Argues that some HR practices are superior and all organizations should adopt them.
Contingency perspective: Maintains that HR policies should align with other aspects of the organization and its context.
Configurational perspective: Emphasizes the significance of the pattern of HR practices and emphasizes a holistic approach.

Types of Organizations based on their Strategic Approaches

Prospectors: Operate in dynamic and unpredictable environments.
Defenders: Operate in more stable and predictable environments.
Analyzers: Large corporations that leverage others' innovations and focus on product development.
Reactors: Unstable organizations lacking consistent strategies, responding to market changes without a clear approach.

HR Strategy Concepts

Bundling: Combines and implements numerous interconnected HR practices to support one another.
Human Resource Strategies: Define the organization's approach to its human resource practices to achieve its objectives.
- General HR Strategies: Represent the overall system of HR practices.
- Specific HR Strategies: Outline specific intentions and initiatives.

General HR Strategies

High performance management: Aims to improve organizational performance by implementing high-performance work systems (HPWS).
- HPWS consists of practices enhancing employee performance, engagement, motivation, and skill development.
- Example practices include rigorous recruitment and selection, training and development, incentive pay, and performance management.

Criteria for an Effective HR Strategy

Business needs satisfaction: Must effectively address business needs.
Evidence-based: Based on analysis and research, not wishful thinking.
Actionable programs: Translatable into practical programs that forecast and mitigate implementation challenges.
Coherence and integration: Composed of interconnected and supportive components.
Manager and employee considerations: Takes into account the needs of both management and staff.

Formulating HR Strategy

Inside-out approach: Starts with the existing HR function and attempts to identify connections to the business.
Outside-in approach: Begins with business and customer challenges, aligning HR strategy directly with those needs.

Aligning HR Strategy and Actions with Business Strategy

Organizations use a model to connect business strategy, HR strategy, and actions. This model includes the following:
- Vision: The organization's long-term aspiration.
- Mission: The organization's purpose and core values.
- Goals: Specific aims that contribute to the mission.
- Objectives: Measurable actions to achieve goals.
- Human Resource Competencies: Skills and capabilities required for success.

Gordon College's HR Strategic Policies

Policies and Initiatives:
- Increase plantilla positions to attract and retain talented faculty.
- Strengthen training and development in instruction, research, and extension.
- Provide incentives for research and extension outputs.
- Create a career partnership program to foster employee growth.
HR Scorecard Measures:
- 30% of full-time faculty have permanent appointments.
- 30% of faculty have undergone professional training.
- Each faculty member receives at least one planned training per semester.
- Implementation of rewards and recognition for research and extension.
- Implementation of a career partnership program.

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Description

This quiz covers the principles of Strategic Human Resource Management (SHRM) and its alignment with organizational strategies. Focus is placed on integrating HR strategies with business goals, along with concepts like vertical and horizontal strategic fit. Test your understanding of how HR can contribute to organizational success.