Human Resource Strategy Essay
HUMAN RESOURCE STRATEGY
INTRODUCTION TO HUMAN RESOURCE STRATEGY
Human resource refers to the people who work in an organization. They are considered the most important resource in an organization. Human resources have the potential in providing competitive advantage hence there is rising importance for the strategic role of human resource management.
Human resource strategy involves planned and effective use of human resource in order to get a competitive edge over the competitors. There are 4 aspects of human resource strategy namely;
1) The use of planning in human resource management
2) An integral approach to the design and implementation of HR strategy
3) Coordinating HRM policies formulated with the business strategy established by the
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We realize that Maruti Udyog and Hindustan Motors are fabricating autos, basically utilizing indistinguishable innovation. The secret behind the success and rise of Maruti Udyog is its human asset/workforce.
HRM strategy supports the function of strategy implementation in some different ways. For instance, HR is today vigorously included in the execution of procedure as cutting back and rebuilding methods, all through setting workers founding execution connected pay arrangements, decreasing medicinal services expenses and retraining representatives. Indeed, in an increasingly competitive world, founding HR practices that construct representative duty can help enhance an association's responsiveness.
KEY ELEMENTS OF HUMAN RESOURCE STRATEGY
1. HR POLICIES
HR policies are guides to actions. It is a set of proposals and actions that act as reference point for managers in their dealings. Management should pay attention to the following aspects of HR policies:
a) HR policies must be related to the strategic objectives of the firm.
b) They should be stated in definite, clear and understandable language.
c) They should be sufficiently comprehensive and provide yardsticks for future action.
d) They should be built on the basis of facts and sound judgment.
e) They should be fair, just and equitable
2. HR
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