The next evolution of strategic HR
Measuring program value through business results
Human Resource Management (HRM) is a field of study that was developed and is committed to supporting the management of human capital – people. Traditionally, HRM focused only on hiring, paying, and facilitating employee benefits, as well as administrating the organization’s people policies and procedures around codes of conduct and terms of employment. This type of HRM is often referred to as “transactional.” Senior leaders who view HRM in this context see it as a back office function with low strategic value.
About this white paper:
This mindset represents a lost opportunity when one considers that an organization’s people are its most important drivers for success. This white paper sets out the view that strategic initiatives that encourage employee behaviours that directly influence organizational results can have a significant impact on business success.
Those senior leaders who understand that HRM can add value are aiding in its evolution from transactional to strategic. That progression can be further advanced, specifically through the concept of integrated performance management (IPM), in order to maximize business results through people.