Importance Of Human Resource Strategy

Submitted By elizagm
Words: 667
Pages: 3

How is human resource strategic
Globalization of companies over the past twenty years has changed the business way. With faced a more competitive environment, firms should use new technologies to make a better conference. Most of firms to manage their assets as effectively as possible, especially in their human assets.

1、What is Human Resource strategy?
Therefore, it is necessary to know and to use Human Resource strategy in operating a company. Human Resource strategy is designed to develop the skills, attitudes and behaviors of staff and to help the organization meet its goals. It contains many human resources functions such as recruitment, compensation, performance management, reward and recognition, employee relations and training. So it is actively involve managers and employees in the competitive market environment. And the he best HR strategies focused on getting the best performance from employees.

2、Here, I want to show the content about the HR strategy
First, I want to talk about the characteristic of HR strategy. HR strategy should combine with the organization's vision, mission and goals. The company must analyze the characteristics of its industry, determine its competitive advantage, and identify key processes and key people. Creating different strategies for all groups of people in the organization may be necessary. The strategy must match the organization's culture, structure, people and systems.
Then, responsibilities of HR strategy is also important. Usually, the HR department plans and translates the strategy through HR policies and practices. This requires reviewing the organization's current practices and analyzing critical issues. As a successful human resource strategy, managers must be active with HR and HR staff must facilitate and coordinate the process.
The third but not the last. HR strategy affects what employees feel and do.These outcomes, in turn, affect company finances. It reflect in work-productivity outcomes, such as customer satisfaction, product quality, accidents and employee retention. Poor customer service, for example, can reduce company sales. While an effective HR strategy benefits the company's condition.
Finally, in an increasingly competitive market, the company may suffer much challenge, while the HR department must find ways to attract, select and retain employees. The HR professional play a strategic role in adapting the company to keeping down costs and working with fewer resources.

3、Addition to know about the content of the HR strategic, it is important to Build your own HR strategy
First, Analyze the Industry. Then, understand the value chain. The value chain is a tool for understanding where your company creates value superior to your competitors. Moreover, recognize the key processes which are the most critical to implementation the value chain.…