Introduction and defining SHRM

0:27 Hello, learners. Welcome back to the course on AI in human resource management. We move to a new module. We'll be looking into specifically AI tools and employee experiences. And as part of that, as first lecture, we'll look into an interesting topic, an interesting topic for all the human resource management practitioners, which is strategic human resource management. Now, please recollect those discussions we had with respect to strategy and tactics. Strategy is all about long term. It's all about looking ahead.

0:56 It's all about looking ahead for a larger period of time, whereas tactics are short term. So strategic human resource management are generally for the long term. And considering the long term perspective, AI will play a crucial role. Let's look into that particular role. Over this lecture, we'll look into what is SHRM, what it brings into table, how the new and old SHRM is different, how it has become new with the AI as a facilitator. We'll also conclude with some of the vital tools that are used in present day industry specific to SHRM and AI.

1:30 I'm Dr. Abraham Cyril Issac. I'm an assistant professor at the School of Business, Indian Institute of Technology, Guwahati. Now, when you look into AI in SHRM, we have to essentially start with the basics. We have to understand what strategic human resource management is and how it differs from normal human resource management, if I may use the term. Let's look into that. When you talk about strategic human resource management, it is an essential approach that aligns human resource practices with the strategic objectives of an organization.

2:01 So we see that when you look into SHRM, it refers to the alignment of all sets of human resource policies and practices with the overall goals of an organization. So it focuses on, let's say, attracting, developing, rewarding, and retaining employees to maximize their contributions toward achieving the business objectives. This is vital. This connection, this link, is the most important or critical aspect when you talk about strategic human resource management. When you want to