Why Do Organisations Need An Effective HR Strategy?

Human Resources (HR) deals with managing the people in an organisation in a way that provides a competitive edge. Its main purpose is to see that the organisation achieves success through people. The HR department is responsible for activities like recruiting, managing employee benefits, employee performance, training and development, managing payroll, reward management and more. The HR professionals focus on implementing the policies and processes followed by the organisation. Human Resource Planning (HRP) is a strategy used by organisations to maintain their employees while avoiding employee shortages or surpluses. Using a good HR strategy ensures productivity and profitability for an organisation. Human resource planning helps organisations to plan ahead so that they can maintain their supply of employees. The process is used by organisations to identify their needs and make a plan to meet those needs. The HRP includes a recruitment strategy, retention strategy, absence management ...