Strategic HRM

What is Strategic HRM ?

‘Strategic HRM’ refers to the kind of HR management that takes into consideration the goals and aspirations of the company along with helping the individual departments.

It is undertaken by listing out the long-term and short-term goals of the company as a whole as well as the individual departments and charting out strategies to achieve those goals.

Strategic HRM highlights the importance of HR in the success of an organization. Due to this, companies deploying strategic HR usually have a senior representative from the HR department in the boardroom who would be able to advise how to manage the workforce using the strategies of strategic HRM.

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Balanced Scorecard

What is Balanced Scorecard ?    Originally developed by Dr Robert Kaplan and Dr David Norton in 1992, a ‘Balanced Scorecard’ or BSC is a

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