Human Resource Strategy (HR Strategy) is a designation for a long-term plan created to achieve objectives in the field of human resource and human capital management and development in the organization. In the field of human resources management, Human Resource strategy is one of the outputs of strategic management
Human resource strategy holds a couple of different important aspects from traditional HR. HR strategy is long-term and it focuses on workforce planning and workforce development from a forward-thinking perspective. Traditional HR, or personnel, is more focused on the transactional nature of HR, such as: reviewing applications, maintaining a census of FTEs (full-time equivalents) and signing up employees for insurance benefits. While, strategic human resource management, on the other hand, focuses on alignment of employee qualifications with the need of organization’s workforce. A method of HR management offers preparation and development for workers to prepare staff for organization growth, as well as professional growth for the employee.
An efficient way of addressing strategic HR management is for HR leadership to participate in or lead high-level or executive conversations about the organization’s strategic strategy and how to ensure that the staff meets the needs of the company.