What is strategic human resource management What are some of

What is strategic human resource management? What are some of the steps in the strategic management process? What are ways to scan the business or HR environment?

Solution

Strategic human resource management is the collaborative approach of human resource. It means working with the employees to quality of the work, lower attrition, increase retention and maximize the benefits for the employees as well as employer. It includes all the basic contents of human resource like hiring, payroll, discipline etc.

Here are the steps in strategic management process.

Goal Setting- Setting the first step is the goal setting. It gives the vision where the company wants to be in certain period of time.

In this step the short term and long term goals are identified and employees are given responsibilities and tasks as well.

Analysis- To accomplish the vision the companies collect the data. The further steps depends o the analysis hence it is very important step. The company may do some SWOT analysis to find out the strengths, weakness, threat and opportunities.

Strategy Formulation- It includes the review of gained analysis. Companies find out that what are the resources available with them to accomplish the task? If there is any need of external resources then the company manages tat resource from outside.

Strategy Implementation- Now the formulated strategy is implemented and executed. In this stage each and every one should know their responsibilities, task etc.

Evaluation and control- It means if the strategy is going away from its track then bringing it on the track. It also sees that what are the shortcoming in the implementation and how to fulfill it? The goal of this step is to control the overall process so that it remains on the track.

The way to scan the business or HR environment is PESTEL analysis.

Political scanning