For Instance the business strategy is to "Accelerate product/service launch by strengthening Research and Development team". The HR business strategy must be in line with the strategies of the business organization, Understanding the business strategy, that highlights the ultimate business objective and the means to do it, HR strategies shall be formulated keeping in view the aforementioned business strategy.
Components of Strategic Human Resource Management
For Instance the business strategy is to "Accelerate product/service launch by strengthening Research and Development team". The HR business strategy must be in line with the strategies of the business organization, Understanding the business strategy, that highlights the ultimate business objective and the means to do it, HR strategies shall be formulated keeping in view the aforementioned business strategy.
Key Components of HR Strategy
HR Strategy could include the following:
Resourcing
Skills Acquisition and Development
Culture, Values and Attitude
Commitment
Productivity
Performance Management
Rewards
Employee Relations
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