After reading and studying this chapter, you should be able to do the following:

2.1 Identify the steps for formulating and implementing a strategy.

2.2 Define strategic HRM.

2.3 Explain the importance of strategic HRM for realizing employee, operational, stakeholder, and financial outcomes and for sustaining a competitive advantage.

2.4 Demonstrate the use of datadriven decisions in realizing organizational strategy and contrasting different HR analytics competencies and levels of HR analytics.

2.5 Summarize the arguments for a scientific, ethical, and legally compliant approach to HR decision making.

2.6 Manage the components of a successful HR analytics function.