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Human resources (HR) strategy means high level planning that sets out the priorities for People management and development in an organization. It connects HR goals with the overall goals of the company and shows how effective HR contributes to profitability and success.
A good HR strategy sets clear goals in context of the overall business vision. It then breaks down how those goals will be achieved. There will be an action plan, detailing the projects and processes the company will implement and measures to track progress and determine whether the projects and processes are working effectively. Typical focus areas in an HR strategy might be recruitment, retention, training, productivity, pay, engagement, employee benefits, employee communication, recognition, motivation, performance management, flexible working and the organizational structure.
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