HR POLICY AND STRATEGY

A Human Resource strategy is a business’s overall plan for managing its human capital to align it with its business activities. The Human Resource strategy sets the direction for all the key areas of HR, including hiring, performance appraisal, development, and compensation.

The HR strategy is thus a long-term plan that dictates HR practices throughout the organization. The strategic importance of HR cannot be underestimated. It’s role as the liaison between employees and the organization is a vital one, especially given the highly competitive nature of the workplace today.