Chapter 2
Aligning
HR with
Learning Objectives
After reading this chapter, you should be
able to:
•
Understand the importance of strategic HR
planning
•
Identify the risks associated with not
planning
Learning Objectives
After reading this chapter, you should
be able to:
•
List the characteristics of an effective
HR strategy
Human Resources
Management
Human Resources
Management (HRM)
is an umbrella term that encompasses:
• Specific HR practices
• Formal HR policies
Strategic HRM
Strategic HRM
• interrelated practices, policies, and
philosophies that
facilitate the attainment of organizational
Human Capital
Human Capital
• the sum of
employees’
knowledge, skills, experience, and
commitment