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.

More HR Terms

Incentive Pay

What is Incentive Pay ?    ‘Incentive Pay’ refers to the extra compensation provided to the employees in cases where the employee has gone above

Open-book Management

What is Open-book Management?   ‘Open-book Management’ refers to the business practice of sharing financial information with the employees in order to get their input

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