Human Resource Management Human Resources Assignment
SharonS8
Chapter2Summary.pdf
Chapter 2: Human Resource Strategy and Planning Chapter Review Book Title: Human Resource Management Printed By: Armand Ontiveros ([email protected]) © 2025 Cengage Learning, Cengage Learning
Chapter Review
Summary
The strategy an organization follows is its proposition for identifying how to compete successfully and thereby survive and grow.
HR should be involved in developing and implementing strategic initiatives throughout the organization.
Strategic planning is a core business process that results in a road map of organizational direction.
Organization leaders must understand and deal with a VUCA environment.
The triple bottom line approach focuses on people, profits, and planet.
Strategic HR management refers to the use of practices to gain or keep a competitive advantage by aligning individual employee performance with the organization’s strategic objectives.
Environmental scanning helps pinpoint strengths, weaknesses, opportunities, and threats that the organization will face during the planning horizon.
HR functions may involve merging organizational and HR strategies with offshoring and global staffing strategies.
HR planning must identify the demand for people and the supply of individuals available.
Managing a talent surplus may require reducing work hours, downsizing through use of attrition and hiring freezes, implementing voluntary separation programs, and downsizing the workforce.
Managing a talent shortage may be addressed through overtime, reducing turnover, using contingent workers, and outsourcing.
HR plays a crucial role in mergers and acquisitions, particularly in dealing with integration and organizational culture issues.
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HR effectiveness must be measured using HR metrics that consider both strategic and operational effectiveness.
HR analytics are becoming increasingly important to organization leaders.
Benchmarking allows an organization to compare its practices against best practices in different organizations, and HR audits can be used to get a comprehensive overview of HR activities.
The balanced scorecard can be a useful framework to measure and combine organizational performance measures.
An HR audit is valuable in providing an overall perspective or a perspective of several specific areas.
Chapter 2: Human Resource Strategy and Planning Chapter Review Book Title: Human Resource Management Printed By: Armand Ontiveros ([email protected]) © 2025 Cengage Learning, Cengage Learning
© 2025 Cengage Learning Inc. All rights reserved. No part of this work may by reproduced or used in any form or by any means - graphic, electronic, or mechanical, or in any other manner - without the written permission of the copyright holder.
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