HRM practices and business strategy
There is a close link between a company’s business strategy and its human resource practices. This is because they both affect organizational development and the business environment. It is important for any company to align its human resource management practices to its business strategy because only then will employees work effectively to achieve the company’s objectives. In human resource, individuals are managed and considered to be important strategic resources that can be used by the firm to gain competitive advantage through improved performances. Therefore, the manner in which human resources are managed must correspond with the company’s business ...
