HR Strategy Definition: Key Components
The HR Strategy is underlying all activities of Human Resources. The modern HR Organization cannot exist without a state-of-the-art strategy in place. However, most companies miss the strategy for HR. They have a document that describes the current status of Human Resources in the organization but it does not offer any ideas how to move the company forward.
The state-of-the-art HR Strategy builds a bridge to the future. It clearly defines the requirements of the company so that it reaches the strategic goals. It describes the current status of the organization, identifies all gaps and opportunities to build a better organization. The competitive advantage needs to be in the center of the strategy. Just a company that develops the sustainable competitive advantage can win battles and be the number one business in the industry.
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