Question

What are the organizational advantages of integrating strategic management and HRM? What are the steps involved in such an integration?

Answer 1

Strategic management aims for futuristic planning for an organization by considering the macro and micro business arena . By integrating strategic management with human resource management helps in increasing the collaborative support of human resource, enhancing motivation and strength the financial performance.Human capital is a critical resource for any organizations which is basically the face of it. All strategies basically need support and co ordination from the human resource. Planning, organizing, schedule, execution and. Monitoring aspects of human resources management has pivotal role to play with strategies. The integration helps organaisation to meet change management and adapt to new requirements easily.

major steps involved in integration are

Assessing the current human resource and understand the business goals integration with its. Forecast the resource requirements in terms of number, geographical expansion possibilities etc. Then have to design talent strategies and match it with organization future strategy requirements for meeting new goals and objectives. Constantly monitoring and improving is the another steps which fill the gaps and makes the integration more firm.