STRATEGIC HR MANAGEMENT

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 WHAT IS STRATEGIC HR MANAGEMENT ?

Strategic human resource management (Strategic HRM) provides a framework linking people management and development practices to long-term business goals and outcomes. It focuses on long-term resourcing issues within the context of an organization's goals and the evolving of nature of work.


Figure 1: Why strategic HR management is critical for your business (openrms.com,NOV 1,2018)


DIFFERENCE BETWEEN HR MANAGEMENT AND STRATEGIC HR MANAGEMENT

A strategic HR manager is focused on forming a long-term strategy. For example,when they are looking to hire for a position,they are considering future growth projections and goals of the company.

Figure 2: Traditional HRM vs Strategic HRM


While traditional HR managers work reactively,strategic HR managers work proactively.

Figure 2: Strategic HRM,the basics
( aihr.com,2023)

WHY IS STRATEGIC HR MANAGEMENT IMPORTANT?

Strategic Human Resource Management is essential for retaining the best and talent and developing human resources.It focuses on making employees feel valued and engaged so that they are motivated to stay with the company.

Figure 3: StrategicHR 
( HRLinks.com,2023)



SEVEN STEPS OF STRATEGIC HR MANAGEMENT

1. Develop a thorough understanding of ypur company's objectives.

2. Evaluate your HR capability.

3. Analyze your current HR capacity in light of       your goals.

4. Estimate your company's future HR requirements.

5. Determine the tools required for employees to complete the job.

6. Implement the human resource management strategy.

7.Evaluation and corrective action.


           Video 1: Human Resource strategy and                                  planning ( Youtube.com)


BENEFITS OF STRATEGIC HRM

  • Increased job satisfaction.
  • Better work culture.
  • Improved rates of customers satisfaction.
  • Efficient resource management.
  • Proactive approach to managing employees.
  • Boost productivity.
              

Figure 4: Strategic HRM realationship to business strategy ( smartsheet, 2018)



MODELS OF STRATEGIC STRATEGIC HRM

Four major models have been identified for strategic HRM.

1. The Fombrun model.

2. The Harvard model.

3. The Guest model.

4. The Warwick model.


CONCLUSION

Strategic Human Resource Management is a process that helps the human resources department maximize the potential of its workforce through strategic palnning,talent management, leadership development, organizational design and performance management. In the past, strategic HR management has been a administrative function.Now that has changed.


Figure 4: Future HRM 
 (executiveacademy.at,2021)



REFERENCES 


  • Strategic Human Resource Management|Smartsheet, Available at: https://www.smartsheet.com/strategic-human-resource-management [ Accessed 2023, April 29]
  • Armstrong's Handbook of Strategic Human Resource Management 7th edition( Michael Armstrong, 3 December, 2020)
  • Models of Strategic HRM, Available at: https://theintactone.com/2020/01/19/models-of-strategic-hrm/ [ Accessed 2023, April 29]
  • Steps to Strategic Human Resource Management, Available at: https://www.deputy.com/blog/7-steps-to-strategic-human-resource-management
  • Transformational HR 2nd edition ( Perry Timms,3 july 2021)
  • Why Strategic HRM is critical for your business? Available at:https://www.openhrms.com/blog/what-is-strategic-human-resource-management/  [Accessed 2023, April 29]



Written by : Himani






Comments

  1. Amila Devapriya29 April 2023 at 02:59

    Worth it to red it. Apprecuate your effort.

    ReplyDelete
  2. Mahinda MBA29 April 2023 at 07:56

    Table explaining THRM & STRM is digitally clear and well defined.

    ReplyDelete
  3. FazilMBA202329 April 2023 at 11:20

    Nicely formatted and written with valuable notes. Each points are very interesting to read.

    ReplyDelete
  4. Rubinie Rajendran30 April 2023 at 02:27

    Good post, Strategic human resource management aims to achieve a competitive advantage by creating value for customers, shareholders, employees, and other stakeholders

    ReplyDelete
  5. L.D.Nilukasajeewani30 April 2023 at 03:58

    Strategic HR management helps maximize workforce potential through planning, talent management, leadership development, and performance management, of the organization ,thanks for sharing this blog ,

    ReplyDelete
  6. Bhagya Joseph30 April 2023 at 06:46

    You have chosen a unique and interesting topic for the blog. W

    ReplyDelete
  7. Srimali MBA 20232 May 2023 at 07:09

    Hi Himani.This is really nice article .You have explained it very nicely and clearly .I could have better knowledge in this article .Well done .Thank you for sharing the knowledge

    ReplyDelete
  8. SATHEESH2 May 2023 at 20:41

    Nothing to say other than WOW.
    By the way Figure 2: Traditional HRM vs Strategic HRM, was very useful knowledge learning. Thank you.

    ReplyDelete
  9. Raihana3 May 2023 at 11:47

    Strategic HRM is crucial for the performance of an organization in the long-run

    ReplyDelete

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