Strategic Human Resource Management
Strategic Human Resource Management (SHRM) outlines the transition of HR from traditional administrative roles to strategic partnership roles aligned with organizational goals. It emphasizes the importance of aligning HR strategies with business objectives, utilizing frameworks such as the Balanced Scorecard to enhance organizational performance and drive competitive advantage.
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1.1Description
What we have learnt
- SHRM transforms HR into a strategic leadership function.
- The alignment of HR strategy with business strategy is essential for organizational success.
- Key performance indicators (KPIs) should be correlated to measure the impact of HR on business outcomes.
Key Concepts
- -- Strategic Human Resource Management (SHRM)
- An approach to managing human resources that aligns HR strategies with the organization's long-term goals.
- -- Balanced Scorecard
- A strategic planning and management system used to align business activities with the vision and strategy of the organization.
- -- HR Scorecard
- A tool that tracks the impact of human resource management on overall strategy execution.
Additional Learning Materials
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