Human Resource Management Fifteenth Edition Chapter Human Resource Management Strategy and Analysis Copyright © 2017, 2015, 2013 Pearson Education, Inc All Rights Reserved Learning Objectives (1 of 2) 3-1 Explain with examples each of the seven steps in the strategic management process 3-2 List with examples the main types of strategies Copyright © 2017, 2015, 2013 Pearson Education, Inc All Rights Reserved Learning Objectives (2 of 2) 3-3 Define strategic human resource management and give an example of strategic human resource management in practice 3-4 Give at least five examples of HR metrics 3-5 Give five examples of what employers can to have high-performance systems 3-6 Describe how you would execute a program to improve employee engagement Copyright © 2017, 2015, 2013 Pearson Education, Inc All Rights Reserved I Explain with examples each of the seven steps in the strategic management process Copyright © 2017, 2015, 2013 Pearson Education, Inc All Rights Reserved The Strategic Management Process (1 of 2) Copyright © 2017, 2015, 2013 Pearson Education, Inc All Rights Reserved The Management Planning Process • The Hierarchy of Goals • Policies and Procedures Figure 3-1 Sample Hierarchy of Goals Diagram for a Company Copyright © 2017, 2015, 2013 Pearson Education, Inc All Rights Reserved What is Strategic Planning? Copyright © 2017, 2015, 2013 Pearson Education, Inc All Rights Reserved The Strategic Management Process (2 of 2) Figure 3-2 The Strategic Management Process Copyright © 2017, 2015, 2013 Pearson Education, Inc All Rights Reserved II List with examples the main types of strategies Copyright © 2017, 2015, 2013 Pearson Education, Inc All Rights Reserved Types of Strategies Corporate Strategy Competitive Strategy Functional Strategy Copyright © 2017, 2015, 2013 Pearson Education, Inc All Rights Reserved Metrics for the SHRM® 2011–2012 Customized Human Capital Benchmarking Report (4 of 4) Tuition/Education Data Metrics for More Profitable Organizations • Maximum Reimbursement Allowed for Tuition/Education • Target Bonus for Executives Expenses per Year • Maximum Reimbursement Allowed for Tuition/Education • Expenses per year Percentage of Employees Participating in Tuition/Education Reimbursement Programs • Percentage of Employees Participating in Tuition/Education Reimbursement Programs Copyright © 2017, 2015, 2013 Pearson Education, Inc All Rights Reserved • Time-to-Fill • Cost-Per-Hire • Annual Overall Turnover Rate Strategy and Strategy-Based Metrics Copyright © 2017, 2015, 2013 Pearson Education, Inc All Rights Reserved What Are HR Audits? Copyright © 2017, 2015, 2013 Pearson Education, Inc All Rights Reserved Trends Shaping HR: Digital and Social Media Data Analytics Let’s take a look… Copyright © 2017, 2015, 2013 Pearson Education, Inc All Rights Reserved Trends Shaping HR: Science In Talent Management Evidence-Based HR and the Scientific Way of Doing Things Let’s talk about it… Copyright © 2017, 2015, 2013 Pearson Education, Inc All Rights Reserved V Give five examples of what employers can to have high-performance systems Copyright © 2017, 2015, 2013 Pearson Education, Inc All Rights Reserved High-Performance Work Systems (1 of 2) Copyright © 2017, 2015, 2013 Pearson Education, Inc All Rights Reserved High-Performance Work Systems (2 of 2) • Policies and Practices • HR measures • Aspire to encourage employee involvement and self management Copyright © 2017, 2015, 2013 Pearson Education, Inc All Rights Reserved VI Describe how you would execute a program to improve employee engagement Copyright © 2017, 2015, 2013 Pearson Education, Inc All Rights Reserved Employee Engagement Guide for Managers: Employee Engagement and Performance Copyright © 2017, 2015, 2013 Pearson Education, Inc All Rights Reserved The Employee Engagement Problem Copyright © 2017, 2015, 2013 Pearson Education, Inc All Rights Reserved What Can Managers Do to Improve Employee Engagement? Provide supportive supervision Ensure employees understand how their departments contribute See how their efforts contribute to achieving the company’s goal Copyright © 2017, 2015, 2013 Pearson Education, Inc All Rights Reserved (1 of 2) What Can Managers Do to Improve Employee Engagement? Ensure employees get a sense of accomplishment from working at the firm Ensure employees are highly involved Employers should hold managers responsible for employee engagement Copyright © 2017, 2015, 2013 Pearson Education, Inc All Rights Reserved (2 of 2) Chapter Review What you should now know… Copyright © 2017, 2015, 2013 Pearson Education, Inc All Rights Reserved Copyright Copyright © 2017, 2015, 2013 Pearson Education, Inc All Rights Reserved ... human resource management and give an example of strategic human resource management in practice Copyright © 2017, 2015, 2013 Pearson Education, Inc All Rights Reserved Strategic Human Resource Management. .. Copyright © 2017, 2015, 2013 Pearson Education, Inc All Rights Reserved What is Strategic Human Resource Management? Strategic human resource management – means formulating and executing human resource. .. Reserved Learning Objectives (2 of 2) 3-3 Define strategic human resource management and give an example of strategic human resource management in practice 3-4 Give at least five examples of HR