Contents

Foreword

Preface

Acknowledgements

About the Author

1 Strategic Human Resource Management–An Overview

Introduction

From Personnel Management to Strategic Human Resource Management

Stages of Development from Personnel Management to HRM and SHRM

The Strategic Role of HRM

Different Approaches to SHRM: Resource Based View

Essential Elements of SHRM

Changing Role of HR

Requisite Strategic Skills and Competencies

2 An Investment Perspective of SHRM

Introduction

Employee as an Asset

Sources of Employee Value

3 The Human Resource Environment

Introduction

PESTLE Analysis

The Changing Strategic Trends and impact on HR Practices

The Workforce

Conclusion

4 Formulating Strategy: Aligning HR Strategy to the Organisational Strategy

Introduction

Aligning SHRM and Business Strategy

Steps of Strategic Management Process

Conclusion

5 Work Force Planning

Meaning

Importance of Workforce Planning

Strategy & Work Force Planning

A Strategic Work Force Planning Model

WFP Model

Forecasting Methods

Forecasting HR Supply

Quantitative Techniques for Forecasting HR Demand

Qualitative Techniques for Forecasting HR Demand

Evaluation of WFP

Conclusion

6 Implementation of Strategy: Hiring to Firing

Learning and Development

Benefits of Strategic L&D

Conclusion

Recruitment and Selection

Recruitment Strategies

Performance Management Systems

Conclusions

7 High Performance Work Systems

Introduction

A Model of HPWS

Framework of HPWS

Characteristics of HPWS

Essentials of HPWS

Steps in Developing HPWS

HR Policies and Practices

Conclusion

8 HR Metrics

HR Metrics: Meaning

Appendix: 8.1 HR Metrics Standards and Glossary

9 HR Outsourcing

Introduction

Outsourcing: Meaning

Types of Outsourcing

The Rise of Outsourcing

HR Outsourcing

Types of HRs Activities Outsourced

Rationale for Outsourcing

Strategic Rationales For Outsourcing

Advantages of HR Outsourcing

Fears of Outsourcing

Conclusion

Prepare a Report with the Following Details

10 Strategic Alliance: Role of HR

Introduction

Indian Scenario on M&A

The Stages of a Merger or an Acquisition Process

Role of HR in M&A

Conclusion

11 HR Branding

Introduction

HR Branding

Importance of HR Branding

HR Branding—Responsibilities of HR Department

Comprehensive Case

Index