11MS350 STRATEGIC HUMAN RESOURCE MANAGEMENT Credits 3:0:0 Course Objectives To provide practical guidance on how Strategic Human

n Resources Management (SHRM) process can be used to improve business performance To develop an investment perspective for guiding managerial decisions regarding SHRM issues To develop a well defined strategy for improving managerial effectiveness Course Outcome The participants shall be empowered to develop human resources capable of producing increased performance by innovative means and contribute for achieving enhanced customer satisfaction while adding value to all stakeholders. Unit I: Conceptual Framework: Concept of HRM development of HRM concept concept of strategy strategy defined Formulations of strategy Strategic HRM - Strategic fit Resource based SHRM Intellectual Capital: Human Capital Social Capital Organizational Capital Unit II Impact of Strategic HRM: Link between HRM & Performance Measuring HR performance Role of HR: A new mandate for HR Strategic Partner HR Professionals as change agents Unit III Components of Strategic HRM: Organizational HR Strategies Strategies for culture change Commitment strategy Strategies for developing a climate of trust Functional HR strategies: Strategic HR Development Strategies for managing performance Reward Strategy Unit IV Practice of Strategic HRM: Content of HR strategy Integrating the business and HR strategies Formulation of HR strategy Implementation of HR strategy - Improving Business Performance through strategic HRM: Characteristics of HR practices that make an impact on performance HR practice areas that impact on performance Unit V Workforce utilization and employment practices: Efficient utilization of human resources Dealing with employee shortages Dealing with employee surpluses Reward and Development System: Strategically oriented performance measurement systems Compensation systems managerial effectiveness in a globalized environment strategic approach to work-life integration Text Books 1. Armstrong M & Baron A (2006) Handbook of Strategic Human Resource Management, Jaico Books, India 2. Charles R Greer (2001) Strategic Human Resource Management, A general managerial approach, Pearson Education Asia, India Reference Books 1. Gangaram Sing, Nandagopal R., Priyaadhrashini R.G., (2007), Strategic HRM in a Globalized Economy, Excel Books, New Delhi 110 028 2. Tanuja Agarwala, (2007), Strategic HRM, Oxford University Press 3. Jeffery A. Mello (2001) Strategic Human Resource Management, New Delhi: Cengage Learning.