HRM 501 Strategic HRM and Building Competitive Human Capital Management Advantage

This course will present a study of the technical functions of Human Resource Management (HRM) and the role of human resources from a strategic perspective. Emphasis is on the technical HR application to programs that foster employee commitment to objectives in a competitive, global economy. Therefore, this course will explore the challenges facing the HRM professional, as well as specific focus on the role of managers in the administration of human resource activities. These challenges will include technical functions such as recruitment and selection, training and development, design, administration of compensation and benefits plans, business continuity and risk management, employee relations and collective bargaining, and initiatives like quality-of-work life and diversity and inclusion programs, as well as how HRM works toward organizational goals in a time of rapid change. Other topics will assess managing human resources and human capital management (HCM) as a strategic organizational asset that supports competitive advantage and major strategic objectives. HRM as an integral partner in a firm's strategic planning and implementation, in terms of external environmental and internal exigencies, will be presented. HR planning and strategies and their applications in HR programs and processes will also be examined. Students will also learn how to develop alignment among vision, strategy and values in the development of a paradigm based upon competencies required for enhancing the business results of a company or government agency. In addition, this course will also address how to build measurement strategies for all HR activities so that the impact can be determined. A value-added approach will be taken so that HR practitioners will be able to exhibit an understanding of the business strategies, impact and outcomes that assess aspects that influence organizational quality, productivity, services, and profitability. HR will be assessed as a system within a system. Students will learn how to position HR as a strategic partner to realize organizational competitiveness in a global environment.

Credits

3