Business & Human Resource Strategy
Organisational Strategy is the direction and scope an organisation takes over the long-term to achieve its goals.
Corporate Strategy
Human Resource Strategy
The Human Resources strategy is the strategy adopted by an organisation, with the aim of integrating an organisation’s culture, its employees and system by coordinating a set of actions to achieve the required organisational goals. It must be aligned to organisation’s mission, vision and strategy. The characteristics of the industry in which the organisation operates, is to be analyzed and its competitive advantage needs to be determined when developing the HR strategy.
Benefits of designing & implementing an effective HR Strategy include:
- Assists in ensuring that organisational objectives are met (link to strategy).
- Attract and retain talented employees within the business.
- Promote and reward the right behaviours within the business that drives a high performing organisational culture;
- Ensure that HR Practices are fair and equitable for employees across the organisation, internally within the organisation & externally with the market;
- Motivate employees to increase their productivity and continually improve their performance and output.
- Enable equitable treatment between employees.
- Create a healthy corporate culture leading to ethical conduct and pleased customers; and
- Comply with workplace laws and regulations.
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