Strategic HR Management: Tools
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Need three opinions, if you use references they need to be in APA format.
1) Illustrate how a company's broad strategic goals are translated into HR policies and practices using several tools.
150 plus words
2)Explain how managers use each of the following tools in strategic HR management: the strategy map, the HR scorecard, and the digital dashboard.
150-175 words
3) Each business unit needs a business-level competitive strategy. Describe the three kinds of strategies they use to realize competitive advantage. Provide examples of companys using each strategy.
150-175 words
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Solution Summary
This solution explains how company's broad strategic goals are translated into HR policies and practices. The sources used are also included in the solution.
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In accordance with BrainMass standards this is not a hand in ready assignment but is only background help.
Step 1
A company's broad strategic goals are translated into HR policies and practices using several tools. For instance, if the company's broad strategic goal is to increase the market share, the strategy map summarizes how the marketing and sales department, and the production department will contribute to increasing the market share of the firm (a). The HR Scorcard will be used for assigning financial and non-financial metrics to the HRM related strategy. For example, a set of metrics will be assigned to the recruitment function of HR, and another set of metrics will be assigned to the training function of HR. The purpose of the HR Scorecard is to quantify the strategy map. Finally, the actual performance on each of metrics will be visible to the manager on digital dashboards. On the digital ...
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