Ingredients of an HR Strategy

 
 

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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