Envisioning Programme on the Best Practice Manual 
                        
                        
                   Third session:  
              Human Resource Management 
                        
                        
                        
                        
                     K.T. Lai 
                        
                   4 January 2016  
                        
       Human Resource Management Defined 
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             Strategic HR Management Processes 
                                                  
                 • Corporate Vision             • Strategic organization       • Core and flexible              • Reward strategy and policy. 
                 • Mission                        structure design and           workforce planning.            • Reward system and structure. 
                 • Values                         change management.           • Job design and evaluation.     • Staff cost management. 
                                                                                 
                     Business                     Organizational                   Manpower                          Reward  
                    Objectives                       Design &                       Planning                       Management 
                                                   Development 
           • Performance objectives setting. 
           • Competency assessment.       HRIS, business mindedness, employee engagement 
                                   • Career                                                        • Build or buy  
                   Performance       coaching.    High Potential                   Succession        strategy.    Sourcing and  
                   Management  • Potential           Database                       Planning                         Staffing 
                                     assessment.                         
             • Performance                                                                                                • Merges  and  
                                    legal compliance, diversity, risk , crisis  management 
               assessment.                                                                                                   acquisition  
                                • Work ability      Knowledge                       Capability     • Leadership           • HR due diligence. 
                                  development.        & Skills                   & Competency    development.             • Employment  
                                                   Enhancement                    Development                               contract  
                                      culture building,   corporate social  responsibilities                                management. 
                                                                                                                          • Service contract  
                                                                                                                            management. 
                   Performance-                                     Learning & 
                  based Reward /                                   Development 
                    Recognition                                        Plans 
             Source : K.T. Lai, 2015                                                                                                             2 
        Competitive Edge and HR Management 
        ‘Competitive edge depends on an organisation having superior,  rare, 
        valuable, non-substitutable resources which are not easily imitated by 
        competitors’       
                                                                                       
                                                           Source: Porter, M. Exploring Corporate Strategy  
          
         
         
          
          
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