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Showing posts with the label Why is it important for the HR strategy to be aligned with the business strategy?How to Align HR Strategy With Business Strategy

HRM & SHRM|The difference between HRM and SHRM

HRM & SHRM|The difference between HRM and SHRMBefore explaining the difference between HRM and SHRM, let’s have a quick glance at the definition of these two in simple words. There may be thousands of sophisticated definitions of HRM however, it is not going to fade away its very basic nature which is – “Managing and proper utilization of Human capital of an organization”. Then again, SHRM refers to the process of developing practices, programs and policies (3 P’s) that help achieve organizational objectives. But in case of SHRM, the essence is aligning of these 3p’s with overall organizational strategies. When we say ‘strategy’ - it means a framework for managerial decisions, future-oriented plan to combat competition so that overall organizational goals can be accomplished. Now, be it HR or any other departments like sales, marketing or others, each can adopt their own strategies applicable or as appropriate for their own departments or areas and can align with organizational str…

Why is it important for the HR strategy to be aligned with the business strategy?How to Align HR Strategy With Business Strategy

Why is it important for the HR strategy to be aligned with the business strategy?How to Align HR Strategy With Business Strategy


How to Link HR to the Business StrategyLinking HR Strategy with Business StrategyLinking Human Resources with Business StrategyLinking corporate strategy with hr strategy integrating hr strategy with business strategyHow are business strategy and hr strategy linked What is "STRATEGY"
The word "STRATEGY" is the core part of any management which determines the direction in which the organization is going in relation to its environment and helps you work out a clear action plan based on observation and analysis.
3 Main Things!
WHO ARE WE - knowing and defining (SWOT - internal and external)WHERE DO WE WANT TO GO - and after answering these two questions, we derive the approach-HOW CAN WE GET THERE?(Action plan laying out methods to be adopted, processes and tools to be deployed etc.)
What is Strategic HRM ? which can be aligned via step by step pr…