Week 1 Project

HRM Strategy and Analysis

Employers can’t intelligently design their HR policies and practices without understanding the role of these policies and practices that are to play in achieving their companies’ strategic goals. The key to this understanding, as managers, is to know how to design strategic HR plans and how to evaluate the results. 

Elements of a High-Performance Work System Review each tab to learn more. 

Information Systems

Reward Systems

Task Design

People (Selection, Training, and Development)

Organizational Goals

Performance

Strategic Plan

Strategic plans are similar to a business model. A strategy is a course of action, a process, and this is very important for identifying and executing the organization’s strategic plan by matching the company’s capabilities (strength and weakness) with the demands of its environment (its competitors and suppliers). Many organizations utilize various strategic management processes. A good research on this will guide you to one you would be willing to work with.

Strategic HRM

Top company managers select the desired corporate strategies. Departmental managers formulate the functional strategies to support the company’s wide strategic aim. Every organizations’ HRM policies and activities need to make sense of the strategic aim and also utilize tools such as a:

Reference

Organizational culture is a system of shared assumptions, values, and beliefs, which governs how people behave in organizations. These shared values have a strong in�uence on the people in the organization and dictate how they dress, act, and perform their jobs.

Organizational Culture

Kaplan, R. S. & Norton, D. P. (2004). Converting Intangible Assets into Tangible Outcomes: Strategy Maps. Retrieved from http://www.b

usinesstraining.com.mx/egaii/docs/Strategy%20Maps.pdf

Consistency

All managers should be consistent with goals and objectives. Emphasis should be on the progress of the business strategy and various implementations. Managers should be in the forefront of the internal and external strengths, weaknesses, opportunities, and threats and have the ability to formulate a strategic option or course through proper evaluation. An example could be to promote a high-performance work system. From HRM policies and practices, to evaluating the various department’s pay scales and determining how department’s enthusiasm and motivation, all have promoted high-quality work.

Tools Review each tab to know more.

Additional Materials

From your course textbook, Human Resource Management, review the following chapter:

Human Resources Management Strategy and Analysis