Strategic Human Resource Management

Summary

The video script discusses strategic employee management, emphasizing the importance of aligning HR practices with organizational demands such as company strategy, culture, and employee concerns. It highlights the significance of understanding the aging and diversifying labor force, and the need for fair treatment of employees through distributive, procedural, and interactional justice. The script also touches on environmental influences like labor market trends, technology, globalization, and ethics.

Takeaways

• 🔍 Managing employees strategically involves using different practices as tools to achieve organizational goals through human resource management.
• 🏢 Organizational demands, such as strategy, company characteristics, organizational culture, and employee concerns, influence how employees are managed.
• 📈 A company's strategy sets its overall objectives and parameters for employee contributions, affecting how competitive advantage is created.
• 🏭 Company characteristics, including size and stage of development, directly relate to how employees are managed and what is expected of them.
• 🌐 Organizational culture, defined as the underlying values and beliefs shared by employees, impacts how a company operates and manages its workforce.
• 👥 Employee concerns are critical to consider in HR management, as they influence how employees view their relationship with the organization and their expectations of fairness.
• 💼 Distributive justice, procedural justice, and interactional justice are three primary aspects of employee-company relationships that employees monitor, affecting their perceptions of fairness.
• 🌟 Distributive justice involves the fairness of what individuals receive from organizations in return for their effort, focusing on a balanced exchange.
• 📚 Procedural justice is about whether the processes used to affect employees are viewed as fair, with consistency being a key factor in employee acceptance.
• 💬 Interactional justice concerns how employees feel they are treated by managers in everyday interactions, emphasizing politeness and respect.
• 🌐 Environmental influences, such as labor market trends, technology, globalization, and ethics and social responsibility, also impact the strategic management of human resources.

Q & A

What is the primary purpose of managing employees strategically?

The primary purpose of managing employees strategically is to accomplish organizational goals through the effective use of various HR practices, which are considered as tools to manage human resources.

What are the factors that constitute organizational demands affecting how employees are managed?

Organizational demands affecting employee management include strategy, company characteristics, organizational culture, and employee concerns.

How does a company's strategy influence the management of employees?

A company's strategy sets the overall objectives and parameters for employee contributions, determining how people add value within the company and what kind of contributions are needed to create a competitive advantage.

What is meant by company characteristics in the context of employee management?

Company characteristics refer to the differences in size and stage of development of a company, which directly relate to how they manage employees.

Can you explain the concept of organizational culture and its role in employee management?

Organizational culture is a set of underlying values and beliefs shared by employees within an organization, often summarized as 'how we do things around here.' It influences the practices and behaviors expected and reinforced in the workplace.

What are the three primary aspects of justice that employees tend to monitor in their relationship with the company?

The three primary aspects of justice are distributive justice, procedural justice, and interactional justice, which relate to the fairness of what individuals receive, the fairness of processes used, and how employees are treated in everyday interactions.

How does distributive justice affect employees' perception of their work environment?

Distributive justice affects employees' perception by ensuring a balanced exchange where employees receive compensation and benefits of equal value for their time and effort.

What factors influence perceptions of procedural justice among employees?

Factors influencing perceptions of procedural justice include consistency, transparency, and fairness in the processes that affect employees, such as evaluations or decisions regarding pay raises.

How is interactional justice related to the everyday treatment of employees by managers?

Interactional justice is related to how employees feel they are treated by their managers and supervisors in everyday interactions, focusing on politeness, respect, and the overall quality of treatment.

What are the possible actions employees may take in response to perceived violations of justice?

Employees may voice actions to correct perceived unfair situations, choose silence or non-rest, neglect fair duties, exit the company, or engage in counterproductive behaviors such as vandalism, theft, or aggression.

How are environmental influences like labor market trends, technology, globalization, and ethics impacting the strategic management of human resources?

Environmental influences impact strategic HR management by requiring organizations to adapt to an aging and more diverse workforce, technological advancements, global competition, and ethical considerations in their HR practices.