1. Introduction to Strategic HRM:
Definition, Need and Importance, Introduction to business and corporate strategies,
Integrating HR strategies with business strategies, Developing HR plans and policies.
2. Human Resource Environment:
Technology and structure, Workforce diversity, Demographic changes, Temporary Contract
Labour, Global Environment, Global Competition, Global sourcing of labour, WTO and labour
3. Recruitment and Retention Strategies:
Online recruitment, Employee referrals, Recruitment process outsourcing, Headhunting,
Executive education, Flexi timing, Telecommuting, Quality of work life, Work – life balance,
Employee empowerment, Employee involvement, Autonomous work teams.
4. Training and Development Strategies:
Creating learning organization, Competency mapping, Multiskilling, Succession planning,
Cross cultural training.
5. Performance Management strategies:
Defining key result areas (KRA) - Result based performance, Linking performance to pay,
Merit based promotions.
6. Reward and Compensation Strategies:
Performance based pay, Skill based pay - Team based pay, Broad banding Profit sharing,
Executive compensation, Variable pay.
7. Retrenchment strategies:
Downsizing, Voluntary retirement schemes (VRS), HR Outsourcing, Early retirement plans,
Project based employment.
8. Human Aspects of Strategy implementation:
Behavioural issues in strategic implementation, Matching culture with strategy, Human side
of mergers and acquisitions, Leadership, power and politics, Employee morale, Personal
values and business ethics.
9. Global HR Strategies:
Introduction to global HR strategies, Developing HR as a value added function.