HR

(1)planning, recruiting, selecting

(2)developing (soft skills)

(3)rewarding

(4)departure

-Mbo (Management by objective)

-360° feedback (two way)

-assessments

-coaching

-team development

Economic

Pay for work

Social

“Social norms”, influence employees actions in the workplace

Legal

Common Law and statutory rights

Psychological

Commitment and motivation = high performance (love the company)

-Globalization

-Value chain for Business competitiveness and HR services

-Profitability through cost and growth

-Capability focus

-change and some more

-Technology

-Attracting, retaining and measuring competence and intellectual capital

-Turnaround is not transformation

-Understand organizational capability as an essential source of competitiveness

-Participate in the process of designing competitive organizations

-See the organizational implications of competitive challenges

-Dedicate time and energy to organizational capability

-See HR issues as part of a competitive business equation

-Articulate why HR matters in business terms, starting with business value

-Talk comfortably about how competitive challenges dictate HR activities

Strategic HRM is the interface between HRM and Strategic Management