a) Explain one way in which HRM policies and practices help organizations in your industry gain
a competitive advantage
b) When it comes to strategic planning, what does it mean for HR to be “at the table”?
How does HR add value?
c) Which of the below SHRM seven essential functions of a CHRO would you find most
difficult to execute? Which would you find the easiest?
In both cases, explain why
- Establish and implement HR efforts that effectively communicate and support the firm’s
mission and strategic vision - Develop HR plans and strategies to support the achievement of the overall business operations
objectives - Function as a strategic business advisor to the executive/senior management of each business unit
or specialty group regarding key organizational and management issues - Work with the firm’s executive management to extablish a sound plan of management of succession
that corresponds to the strategy and objectives of the firm - Develop comprehensive strategic recruiting and retention plans to meet the human capital needs of
strategic goals - Develop and implement comprehensive compensation and benefits plans that are competitve
and cost-effective for the firm - Provide overall leadership and guidance to the HR function by overseeing talent acquisition,
career development, succession planning, retention, training, leadership development,
compensation and benefits globally
Source:https://www.shrm.org/resourcesandtools/tools-and-samples/job-descriptions/pages/chiefhumanresourceofficer.aspx