The Evolving Strategic Role of Human Resource Management PDF

THE EVOLVING/ STRATEGIC ROLE OF HUMAN RESOURCE MANAGEMENT Strategic Human Resource Management Involves development of consistent, aligned collection of practices, programs, & policies to facilitate achievement of strategic objectives Requires abandoning mindset & practices of “pe...

THE EVOLVING/ STRATEGIC ROLE OF HUMAN RESOURCE MANAGEMENT Strategic Human Resource Management Involves development of consistent, aligned collection of practices, programs, & policies to facilitate achievement of strategic objectives Requires abandoning mindset & practices of “personnel management” & focusing on strategic issues rather than operational issues Integration of all HR programs within larger framework, facilitating mission & objectives Writing down strategy facilitates involvement & buy-in of senior executives & other employees HR Roles in Knowledge-Based Economy Human capital steward – Creates an environment & culture in which employees voluntarily contribute skills, ideas, & energy – Human capital is not “owned” by organization Knowledge facilitator – Procures necessary employee knowledge & skill sets that allow information to be acquired, developed, & disseminated – Provides a competitive advantage – Must be part of strategically designed employee development plan HR Roles in Knowledge-Based Economy Relationship builder – Develops structure, work practices, & culture that allow individuals to work together – Develops networks that focus on strategic objectives Rapid deployment specialist – Creates fluid & adaptable structure & systems – Global, knowledge-based economy mandates flexibility & culture that embraces change  SHRM Critical Competencies HR’s success as true strategic business partner dependent on five specific competencies: – Strategic contribution - development of strategy – Business knowledge - understanding nuts & bolts of organization – Personal credibility - measurable value demonstrated in programs & policies – HR delivery - serving internal customers through effective & efficient programs – HR technology - using technology to improve organization’s management of people  Barriers to Strategic HR Strategic contribution Business knowledge Personal credibility HR delivery HR technology