Human resource strategy
The HR Strategy is the plan describes the future of human resource management. HR Procedures and HR Policies and how the HR Function will be aligned with the business as it support the development of the organization and helps the organization to stay competitive on the market. Strategic HR predicts the future HR management needs of the organization after analyzing the organization's current human resources, the external labor market and the future HR environment that the organization will be operating in. It ensures how much organization achieved its goal. The HR Strategy defines the strategy to hire and retain the best talents from the job market and the employees in the organization will be developed as the organization grows and stays successful. Why strategy is vital for HRM?
Strategy is vital for some reason.
* Helps to stay competitive on the market: The HR Strategy points the most important HR Processes to build the competitive advantage in the HR area. This is extremely important as HR builds its own trademark and the employees can distinguish the organization from the competitors on the job market. * Help to recruit the competent & talented employee: The HR Strategy defines the strategy to hire and retain the best talents from the job market and the employees in the organization will be developed as the organization grows and stays successful. * Give employee clear perception about goal: Employee understand, why they received those goals and how they will become the part of the final HR Strategy.HR Strategy allows to employees to have a clear idea about outputs from their activities as they can be connected with other initiatives with no additional support. It help employee to reach the goal. * It helps to be proactive and less reactive: It unable leader to pressure employee to do work. But it just describes the services and their interconnection with the business and products and services. Employee will be...
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