A Study of the Critical Concepts and Issues in Human Resource Management

Mohammad Ali Yekani


The Globalization of individual companies and capital markets over the past two decades has changed the business landscape. The most of firms have expanded operations overseas, and even strictly domestic businesses are facing competition from abroad. To respond to global competition is more necessary than ever to implement a right HR strategy in order to improve the productivity and effectiveness of the business.HR strategy must be aligned with the organization’s vision, mission and goals. In developing an HR strategy, the company must analyze the characteristics of its industry, determine its competitive advantage, and identify key processes and key people. Creating different strategies for all groups of people in the organization may be necessary, depending on their skills, knowledge and responsibilities. Planning and the development of an Human Resource strategy is a critical part of the HR process.  It is important that all HR processes and initiatives are developed as part of an overall people strategy which is aligned with, and designed to assist in the achievement of, the organizational strategy and goals. A key part of the HR planning role is the development of a workforce plan.  This plan is a design for the organization to attract, retain and develop the workforce required in order to the meet its present and future needs. Another key role of the HR function is the development and implementation of policies and associated procedures.  There are important aspects to include when developing a policy to ensure it is interpreted and implemented correctly when rolled out across an organization

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DOI: http://dx.doi.org/10.1000/ijsmr.v2i2.87


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Copyright (c) 2016 International Journal Series in Multidisciplinary Research (IJSMR) (ISSN: 2455-2461)

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