2. “Strategic human resource management is an
approach to making decisions on the intentions and
plans of the organization concerning the employment
relationship and the organization’s recruitment,
training, development, performance management,
and the organization’s strategies, policies, and
practices.”
What is STRATEGIC HUMAN RESOURCE MANAGEMENT?
Strategic human resource management is the process
of linking the human resource function with the
strategic objectives of the organization in order to
improve performance.
3. Nature of SHRM
1)Long- term focus: As business strategies have long term
orientation, therefore focus of SHRM is also long term,
probably more than 1 year.
2)Associated with goal- setting: it is highly related with
setting of objectives formulation of policy and allocation
of resources and it is carried out at al levels of top
management.
3)Fosters corporate excellence skills: shrm considers
employees as the strategic potential of the organization
and on that basis makes effort to differentiate the
organization from its competitors present in the
4.
5.
6. 1)To develop strategic competencies.
2)To give sense of direction.
3)To achieve integration.
4)To formulate business strategy.
AIM OF SHRM
7.
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12. BENEFITS OF SHRM
1)Identifying and analyzing external opportunities and
threats that may be crucial to the Company’s
success.
2)Provides a clear business strategy and vision for the
future.
3)To provide competitive intelligence that may be useful
in the strategic planning process.
4)To recruit, retain, and motivate people.
13. 6) To ensure that people development issues
are addressed systematically
7) To supply information regarding the
Company’s internal strengths and weaknesses
8)To meet the expectation of customer
effectively
9)To ensure high productivity
10)To ensure business surplus through