HRM 5365 Midterm Study Guide- Nova Southeastern University. LATEST UPDATE 2022.

What is strategic staffing? How does it influence organizational performance?  Strategic staffing i. the process of staffing an organization in future-oriented, goaldirected ways that support the business strategy of the organization and enhance its effectiveness 1. involves the movement of people into, through, and out of the organization  Competitive advantage i. Something that a company can do differently from its competitors allowing it to perform better, survive, and succeed in its industry 1. Every company’s employees create, enhance, or implement the company’s competitive advantage a. Starts with staffing process  Staffing is important i. Outcomes determine who will work for and represent the firm and what its employees will be willing and able to do ii. Influences 1. The success of future training, performance management, and compensation programs, as well as the organizations ability to execute its business strategy  Differs from traditional staffing i. Traditional staffing 1. Less tied to strategy 2. More reactive a. Likely to be done in response to an opening 3. Lacks continuous improvement effort ii. Strategic 1. Long-term planning 2. Aligns with firm’s business strategy 3. Aligns with other areas of HR 4. Aligns with labor market 5. Targeted recruiting 6. Sound candidate assessment a. Factors related to job success and longer-term potential 7. Evaluation of staffing outcomes against pre-identified goals 2. Explain the components of strategic staffing. (7 components)  Planning i. Workforce planning 1. Strategically evaluating the company’s current line of business, new business it will get into, business it will be leaving, and all gaps in between the current skills in the organization and the skills it will need to execute its business strategy 2. Process of predicting an organization’s: a. Future employment needs b. Availability of current employees and external hires to meet those needs c. Execute the organization’s business strategy 3. Usually involves both, the hiring manager and staffing specialist 4. Can be short term and focus on immediate hiring need 5. Can be long term and focus on organizations need in the future a. Better strategically the more it addresses both the firm’s short and long term needs