{"id":512,"date":"2015-03-23T19:37:44","date_gmt":"2015-03-23T19:37:44","guid":{"rendered":"https:\/\/pressbooks.ccconline.org\/man4030-org-leadership\/chapter\/16-1-strategic-human-resource-management\/"},"modified":"2023-06-07T19:51:40","modified_gmt":"2023-06-07T19:51:40","slug":"16-1-strategic-human-resource-management","status":"publish","type":"chapter","link":"https:\/\/pressbooks.ccconline.org\/man4030-org-leadership\/chapter\/16-1-strategic-human-resource-management\/","title":{"raw":"Strategic Human Resource Management","rendered":"Strategic Human Resource Management"},"content":{"raw":"
\r\n

<\/p>\r\n\"16.1\"<\/a>\r\n

Strategic human resource management ensures that the organization\u2019s human resources are in the right place at the right time to secure competitive advantage.<\/p>\r\n\r\n

\r\n

Peter Miller - Chess Pieces<\/a> - CC BY-NC-ND 2.0.<\/p>\r\n\r\n<\/div>\r\n<\/div>\r\n \r\n

\r\n
\r\n

What\u2019s in It for Me?<\/h3>\r\n

Reading this chapter will help you do the following:<\/p>\r\n\r\n

    \r\n \t
  1. Understand the scope and changing role of strategic human resource management (SHRM) in principles of management.<\/li>\r\n \t
  2. Visualize the battlefield in the war for talent.<\/li>\r\n \t
  3. Engage in effective selection and placement strategies.<\/li>\r\n \t
  4. Understand the roles of pay structure and pay for performance.<\/li>\r\n \t
  5. Design a high-performance work system.<\/li>\r\n \t
  6. Use the human resources Balanced Scorecard to gauge and proactively manage human capital, including your own.<\/li>\r\n<\/ol>\r\n<\/div>\r\n \r\n\r\n<\/div>\r\n

    You have probably heard the saying, people make the place<\/em>. In today\u2019s fast-changing environment, organizations need employees who understand the organization\u2019s strategy and are empowered to execute it. To achieve this, organizations need to follow a strategic human resource management (SHRM) approach. SHRM ensures that people are a key factor in a firm\u2019s competitive advantage. Thus, as summarized in the following figure, SHRM is an integral part of the control portion of the planning-organizing-leading-controlling (P-O-L-C) framework.<\/p>\r\n\r\n

    \r\n

    The P-O-L-C Framework<\/p>\r\n \"image\"<\/a>\r\n\r\n<\/div>\r\n

    Organizations need human resources (HR) to be a partner in identifying, attracting, and hiring the type of employees who will be most qualified to help the company achieve its goals. SHRM requires attracting the right employees to the company, identifying metrics to help employees stay on target to meet the company\u2019s goals, and rewarding them appropriately for their efforts so that they stay engaged and motivated. Having all these components in place\u2014designing a high-performance work system\u2014improves organizational performance and unleashes employee talent.<\/p>\r\n\r\n

    \r\n
    \r\n\r\n\"16.1.1\"<\/a>\r\n

    Strategic human resource management is concerned with the \u201cpeople\u201d factor as a source of competitive advantage.<\/p>\r\n\r\n

    \r\n

    sheriyates - Pixabay<\/a> - CC0 public domain.<\/p>\r\n\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n ","rendered":"

    \n

    \n

    \"16.1\"<\/a><\/p>\n

    Strategic human resource management ensures that the organization\u2019s human resources are in the right place at the right time to secure competitive advantage.<\/p>\n

    \n

    Peter Miller – Chess Pieces<\/a> – CC BY-NC-ND 2.0.<\/p>\n<\/div>\n<\/div>\n

     <\/p>\n

    \n
    \n

    What\u2019s in It for Me?<\/h3>\n

    Reading this chapter will help you do the following:<\/p>\n

      \n
    1. Understand the scope and changing role of strategic human resource management (SHRM) in principles of management.<\/li>\n
    2. Visualize the battlefield in the war for talent.<\/li>\n
    3. Engage in effective selection and placement strategies.<\/li>\n
    4. Understand the roles of pay structure and pay for performance.<\/li>\n
    5. Design a high-performance work system.<\/li>\n
    6. Use the human resources Balanced Scorecard to gauge and proactively manage human capital, including your own.<\/li>\n<\/ol>\n<\/div>\n

       <\/p>\n<\/div>\n

      You have probably heard the saying, people make the place<\/em>. In today\u2019s fast-changing environment, organizations need employees who understand the organization\u2019s strategy and are empowered to execute it. To achieve this, organizations need to follow a strategic human resource management (SHRM) approach. SHRM ensures that people are a key factor in a firm\u2019s competitive advantage. Thus, as summarized in the following figure, SHRM is an integral part of the control portion of the planning-organizing-leading-controlling (P-O-L-C) framework.<\/p>\n

      \n

      The P-O-L-C Framework<\/p>\n

      \"image\"<\/a><\/p>\n<\/div>\n

      Organizations need human resources (HR) to be a partner in identifying, attracting, and hiring the type of employees who will be most qualified to help the company achieve its goals. SHRM requires attracting the right employees to the company, identifying metrics to help employees stay on target to meet the company\u2019s goals, and rewarding them appropriately for their efforts so that they stay engaged and motivated. Having all these components in place\u2014designing a high-performance work system\u2014improves organizational performance and unleashes employee talent.<\/p>\n

      \n
      \n

      \"16.1.1\"<\/a><\/p>\n

      Strategic human resource management is concerned with the \u201cpeople\u201d factor as a source of competitive advantage.<\/p>\n

      \n

      sheriyates – Pixabay<\/a> – CC0 public domain.<\/p>\n<\/div>\n<\/div>\n<\/div>\n

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