Human Resource Strategy
Human resources are crucial to the achievement of
stratetic goals. The thrée main components of any
human resource strategy constitute structures,
culture and personnel policies. The basic objective
of personnel policy in an organisation is to ensure
consistency of action and equity in its relations with
employees. Typical conventional personnel and
industrial relations management have integrated
selecton, appraisal reward systems and so on with
emergent business plan of the organisation. Any
weakness in personnel policy may be weaken the
effectiveness of functional policies. Further close
interrelation between the quality of personnel and
strategic management requires top executives to be
concerned with major policy issues bearing on
personnel ;such as Recruitment, promotion,
transfer; | Training & development; | |
Compensation & supplementary benefits;
