Strategic Human Resource Management Notes
Subject Overview
The fourth HRM group elective, covering the integration of HR strategy with business strategy, the strategic role of HR systems and reward strategies, human aspects of strategy implementation, and global HRM approaches for MNC success. A 4-credit elective theory paper.
Subject at a glance
4
Units
26
Topics
4
Credits
4
Infographics
Unit-wise Syllabus
4 units — open any unit for detailed topic-wise notes, diagrams and important exam questions
- Integrating HR strategies with business strategies
- HR as strategic partner
- scope and process of strategic HRM
- traditional vs strategic HR
- best-fit vs best-practice approach
- external and internal analysis for strategic HR
Idea
HR must match business strategy
Some HR practices work everywhere
Example
Cost leaders and innovators need different HR
High-performance work practices
Strength
Context-sensitive
Simple to apply
Study guide
This unit covers integrating HR and business strategy, HR as a strategic partner, the process of strategic HRM, best fit versus best practice and external and internal analysis. Link an HR policy to a business goal.
- Strategic staffing
- strategic appraisal
- strategic reward design
- performance management strategies
- HR strategies in Indian industries
- reward/compensation/retrenchment/downsizing strategies
- workforce diversity and demographic changes
Strategic staffing
Right talent for future strategy
Strategic appraisal
Goals linked to strategy
Strategic rewards
Pay that drives desired behaviour
Downsizing strategy
Rightsizing with fairness
Study guide
You study strategic staffing, appraisal, reward design, performance strategies, HR strategies in Indian industry, retrenchment and downsizing and diversity. Compare strategic and traditional HR.
- Behavioural issues in implementation
- matching culture with strategy
- leadership factor in strategic change
- HR strategy evaluation and control
- employee engagement
- talent management and retention strategies
- 1Attract
- 2Select
- 3Engage and develop
- 4Retain
- 5Plan succession
Study guide
You study behavioural issues in implementation, culture and strategy fit, leadership in change, evaluation and control, engagement, talent management and retention. Design a retention plan.
- Role of global HRM in MNC strategy
- HR planning for global demand
- global staffing approaches (polycentric, ethnocentric, geocentric, region-centric)
- training for global workforce
- expatriate problems and culture shock
- repatriation issues
- global employee relations
Ethnocentric
Parent-country nationals
Headquarters control
Polycentric
Host-country nationals
Local knowledge, lower cost
Geocentric
Best person regardless of nationality
Global talent pool
Regiocentric
Nationals of the region
Regional integration
Study guide
You study global HRM, planning for global demand, staffing approaches (polycentric, ethnocentric, geocentric, regiocentric), training, culture shock and repatriation. Learn the four approaches.
Why Strategic Human Resource Management Matters
Strategic HR positions HR as a business partner and is the route to senior HR leadership.
How to Prepare for Strategic Human Resource Management
- Link HR strategies to real company strategies.
- Study talent management case studies.
- Learn the global staffing approaches.
Strategic Human Resource Management: Frequently Asked Questions
What is best fit versus best practice?
Best practice assumes certain HR practices work everywhere, while best fit says HR practices must match the firm's own strategy and context.