In Chapter 1 we talk about the role HR plays within today’s organizations. It is logical is it not? Today, the most valuable asset a company can have is its employees! Years ago while pursuing our MBAs, we took courses in Inventory Management, Production, and Plant Operations. But then twenty years ago our economy was based upon manufacturing and a company’s production capacity and inventory were of prime importance. Today, we are in the information age and employees, especially creative employees with innovative ideas and technological skills, are paramount.
Twenty years ago, an HRM was little more than an administrator, someone to process the application form and ensure the new employee’s beneficiary form was completed correctly. Today, HRM’s are strategic partners in every thriving business enterprise developing policies and programs to support the mission of the business enterprise.
Take a moment and define for us in your own words what you understand “strategic” to mean? And then discuss in detail and in your own words why we look at Strategic HRM as one of the first topic in this course.
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