Human Resource Management

900 Billion $ development strategy by Chinese leader XI Jinping

--> connectivity and cooperation of countries primarily between CHina and Eurasia

1. Land-based: Silk Road Economic Belt (SREB)

2. Oceangoing: Maritime Silk Road (MSR)

- the process of managing HR to achieve organizations objectives

- mission, vision, strategy, core values (beliefs and principles)

Stage 1: basic reporting and trending

Stage 2: benchmarking and correlations with business metrics

Stage 3: cause/effect analysis of key workforce outcomes

Stage 4: predictive analysis

Goals:

- Productivity and Compensation

- Data Analytics: building technical skills and expertise to take advantage of AI

- Disruptive Innovation: increase performance of G&S

Framework of rules/practices by which board director ensures:

- Accountability, fairness, transparency in company's relationship with stakeholder

high Index: Switzerland (85/100)

low Index: Somalia (10/100)

- Measuring and enhancing employee engagement

- Managing Global Workforce- Global staffing

- Performance Management

- Compensation Management

Advanced upskilling program site that improves engagement innovation and ability to attract and retain talent

1.     Increasing job automation

2.     Decreasing talent availability

3.     Decreasing mobility of skilled labor

4.     Ageing Talent

- views firm as a "bundel of resources"

- the way resources are combined can differentiate the firm --> analysis starting point is internal

1. Change capability: Processes to integrate, reconfigure, gain and release resources - to mach and create change

2. Knowledge Management:

Creation: Human Capital Pool (Knowledge, skills, ability, behavior)

Transfer: Relationships

Integration: Organization Capital (Processes, Routines)

Core competencies:

-       skills and technologies enabling company to provide particular benefits to customer

-       not product-specific

-       sum of learning across individual skill sets and organizational units