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Perception of human assets as higher risk investment is a barrier to
HRM
SHRM
HRP
Economy
Strategic human resource management (strategic HRM) provides a framework linking people management and development practices to long-term business goals and outcomes. It focuses on longer-term resourcing issues within the context of an organisation's goals and the evolving nature of work. It also informs other HR strategies, such as reward or performance, determining how they are integrated into the overall business strategy. There’s no single HRM strategy that will deliver success in all cases.
Organisations must define their own unique strategy according to their specific context, culture and objectives. People professionals are instrumental in applying their expertise to understanding organisational circumstances, and designing human capital value chains that reflect stakeholder demands.
By: Barka Mirza ProfileResourcesReport error
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