human resource management system

[smart paper boy]

Submitted By:-
Pulkit Saxena
Ashutosh Dargar
Rajat Meghvanshi

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Human Resource Management
Human Resource Management Strategy
The Meaning of “Strategy”
A critical factor that affects Firm Performance
A factor that contributes to Competitive Advantage in markets
Having a long-term focus
Plans that involve the top executives and/or board of directors of the firm
A general framework that provides a perspective for selecting specific policies and procedures
Human Resource Management
Why is HR critical to firm performance?
85% of all firms in the US are service firms.
Service is delivered by people.
Low quality HR leads to low quality customer service.
In the 21st century effective knowledge management translates into competitive advantage and profits.
Knowledge comes from a firm’s people.
Human Resource Management
What is unique about Human Resource Management?
HR is multidisciplinary: It applies the disciplines of Economics (wages, markets, resources), Psychology (motivation, satisfaction), Sociology (organization structure, culture) and Law (min. wage, labor contracts, EEOC)
HR is embedded within the work of all managers, and most individual contributors due to the need of managing people (subordinates, peers and superiors) as well as teams to get things done.
Human Resource Management : Strategy
Human Resource Management : Performance
Context of Human Resource System
The “Five Factors” Influencing the HR System
External Environment
Social: social values, roles, trends, etc.
Political: political forces, changes. Ex. Bush presidency and its agenda for Social Security.
Legal: laws, court decisions, regulatory rules.
Economic: product, labour, capital, factor markets.
Context of Human Resource System
The Workforce
Demographics
Context of Human Resource System
Organization Culture
Weak vs. Strong culture
“Type” of culture
Context of Human Resource System
Organization Strategy
Firm’s distinctive competencies
A sustainable competitive strategy
Firm’s strategic objectives
Compare corporate and Business strategies
Context of Human Resource System
Technology of Production & Organization of Work
Physical layout/employee proximity
Required employee skills
Ease of monitoring employees’ input
Context of Human Resource System
HUMAN RESOURCE MANAGEMENT: STRATEGIC ROLES
Distribution of Task Outcomes: 3 Possibilities
“Best Practice’’.
“Best Fit”.
“Resource Based View”.