Submit your final project. It should combine your four milestones into a comprehensive review of the HR strategy that aligns HR functions and practices, staffing, training, compensation, and employee evaluation with A.P. Moller-Maersk Group’s strategic goals.
For additional details, please refer to the Final Project Guidelines and Rubric document.
Module reading overview: This is the module where all the functions of HRM come together in alignment with the overall corporate strategy. As you have seen, HRM involves many core functions: staffing, training and development, performance management, compensation, employee relations, and more. While each of these functions involves its own practices, programs, and procedures, HR leaders know that none exist in a vacuum. As they develop and refine a program in any one of these areas, HR practitioners begin by looking at the organizationâ€™s overall mission and objectives. In addition, they consider how developments or changes will affect the other areas of HRM.
Designing HR processes that support corporate strategy and achieve their intended purpose is not easy. Miriam Ort, co-author of One Page Talent Management, is an expert at creating effective HR programs because she recognizes that HR processes must be workable and realistic for managers to implement. She realizes that â€œa well-administered adequate program is far superior to an excellent program poorly administeredâ€ (Harvard Business Review, 2010). But Ortâ€™s approach delivers far more than adequate programs because she espouses three steps for designing effective HR processes:
- Benchmark â€“ Look to the â€œscienceâ€ or the published research to find the facts about what has worked for others, especially the best in class.
- Simplify â€“ Eliminate the complexity and add value by asking if the added intricacy is worth the additional time, effort, and/or cost.
- Build â€“ Incorporate transparency and accountability into the process so that managers and employees will embrace the program (Harvard Business Review, 2010).