It refers to the practices and processes that align human resource management with the goals of the business, making human resources more efficient and productive. The core objective of strategic human resource management is to accelerate innovation, flexibility and competitive advantage in the company. It is a very important step to develop a fit-for-purpose organisational culture and accelerate the overall performance of the company.
Advantages of strategic HRM
- Accelerate advanced identification, relevant prioritising and better opportunities for the company.
- Delivers an objective view of issues in management.
- Reduces the impact of unexpected adverse conditions.
- Creates a systematic framework for internal communication.
- Assure professional behaviour in the company.
- Better support towards employees as well as the company.
