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Strategic Human Resource Management (Lecture Notes)

This document provides an introduction to strategic human resource management. It discusses key HR functions such as recruitment and hiring, training and development, performance management, and compensation and benefits. It emphasizes that HR must be strategically aligned with business goals to improve profits, performance, and avoid costly personnel mistakes. Specifically, HR must help achieve the company's strategic goals by maintaining a skilled and motivated workforce and ensuring fairness and compliance with employment laws.

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Shaun Leow
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245 views

Strategic Human Resource Management (Lecture Notes)

This document provides an introduction to strategic human resource management. It discusses key HR functions such as recruitment and hiring, training and development, performance management, and compensation and benefits. It emphasizes that HR must be strategically aligned with business goals to improve profits, performance, and avoid costly personnel mistakes. Specifically, HR must help achieve the company's strategic goals by maintaining a skilled and motivated workforce and ensuring fairness and compliance with employment laws.

Uploaded by

Shaun Leow
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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STRATEGIC HUMAN RESOURCE MANAGEMENT (Lecture Notes)

INTRO TO Human Resource Management (HRM)

- HR important role to meet Industry 4.0 requirement


- Talent: Referring to employees in a strategic meaning, Skills that you have
- Training is important in org, appraising is important in terms of performance
- Why we work? For money
- Dealing with labour relations, managing people
- Health and safety are important, also keeping the organisation afloat
- People are dealing we people, fairness concern, equal rights

- The things managers must have


- Not all companies have HR,

-Shared Services: HR comes into function into getting into transactional, recruitment or outsourced
-Corporate HR Team
- Embedded HR Team, normally huge projects running for a year, taking care of the matters HR related
-Centres of expertise: Expert in certain things, labour relations, compensation
- Whistle blower practice: Normally done for the superior
- Selection and Hiring: Recruitment

- Training & Development: Upscaling and rescaling, crucial with the current business landscape,
virtual landscape is here to stay

- Performance management appraisal: What determines your pay raise, how to be strategically
aligned with your business goals

- Compensation & Benefits

- Fairness: Equal employment opportunity, discuss beyond gender equality

Why is it important to know?

- Avoid personnel mistakes: Avoid mismanaging people, avoid people leaving the company > Lack
of understanding
- Improve profits and performance: Reduce cost and promote profits, cost centre inccur costs
- Don’t want to hire people wrongly
- Have a high turnover in the company
- Cases can be filled against you
- Lack of motivation
- OSHA is heavily on manufacturing industry
- Employees thinks salaries are unfair, make employees understand
- Give appropriate training
- Commit any unfair labour practices> no proper permit, accommodation, abusing and
discrimination in hiring. Can be general ethics
- Must be able to create value > Help to achieve your strategic goals

- Staff manager (HR people) also known as task manager


- To meet the business goal
-

Changes in How we Work (3 concepts)


- Ethics, still have to look at human nature
- Profit is the primary concern
- Strategic Management (Long-run)
- Internal SWOT
- Key is maintaining competitive advantage
- HR management comes in here
- Capability defined by human capacity/capability
Vision: Inspiration/Aspiration
Mission: What to do, intention to provide the service/business
Values: how you do the business
1. Corp strategy: Look into biz portfolio
- Strategy Map: Tool to use such as diagrams to come up with the decision framework
- HR Scorecard
- Digital Dashboards
-Employee is also seen as a customer
- HC is human capital.
- EBITDA: Earning
- Matches to the company’s overall strategy
- IRA: Internal Revenue

E.g : Income tax, SOCSO

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