Strategic Human Resource Management

Unit

Course Description

Sessions

UNIT I

Understanding Strategic HRM: HR as Assets, The VRIO Framework, Factors Determining the Investment Perspective of an Organisation, Strategic HR vs Traditional HR, Ulrich Framework, Leepak and Snell Employment Models.

3

UNIT II

Link between HR strategy and Business Strategy: Strategic Fit: A Conceptual Framework, Best Fit Approach, Configurationally Approach, Best Practice Approach.

3

UNIT III

Workforce Utilization and Employment Practices: Efficient Utilization of Human Resource – Cross Training and Flexible Work Assignment -Work Teams – Non Unionization, Dealing with Employee Shortages, Selection of Employees, Dealing with Employee Surpluses.

4

UNIT IV

Human Resource Evaluation: Definition, Overview- Scope, Strategic Impact, Level of Analysis, Criteria, Level of Constituents, Ethical Dimensions.

4

UNIT V

Approaches to Evaluation: Audit Approach, Analytical Approach, Quantitative and Qualitative Measures, Outcome and Process Criteria, Balanced Scorecard, HR Scorecard, Benchmarking.

3

UNIT VI

HRM and Firm performance: Evolving Role of HRM and its Measurement, Measures of HRM Performance.

3

UNIT VII

Strategies for Performance and Development: Typology of Performance Types - Marginal Performers -Under Achievers-Stars-Solid Citizens, Recruitment and Selection Strategy Typology, Business Strategy and Compensation.

2

UNIT VIII

The Future of SHRM: SHRM Practice in the Future. Barriers to Strategic HR, Restructuring and SHRM, Competencies of HR Professional in a SHRM Scenario.

2