HR Strategies: Importance and Benefits

Running head: HR STRATEGIES
HR STRATEGIES
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Author Note

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HR STRATEGIESIn today`s ever changing business scenario, the different human resource policies that
are followed by the various business organization holds significant importance. According to
various researches, the use of ethical work practices in a business organization in terms of the
various Human Resource policies.1 Those various human resource strategies mainly involves
good ethical selection process, various incentive and compensations policies in addition to
high quality employment training. All of the above mentioned strategies can help in
improving the knowledge, various skills, and the abilities of a business organization or firm's
current and potential employees along with helping them increase their motivation, reduce
shirking, and to enhance the retention of quality employees In addition to encouraging the
various nonperformers to leave the firm or business organizations.2
In addition the different human resource strategies also aids in improving the overall
performance of the employees of the business organizations in a ever changing business
environment. The different human resource policies or strategies mainly includes satisfactory
salary, good incentive packages, in addition to high quality employers training and good
opportunity for growth and development along
The different various human resource business strategies may include transparency
and regularity in the communication among the employer and the employees in a business
organization. A good human resource strategy may also include giving equal importance to
the development and well-being of its staff along with focusing in their work. Giving equal
time and resources in the corporate social responsibilities by a business organization is also
considered as an important part of good human resource strategy. The various examples for
the corporate social responsibility mainly include reduction of the carbon footprints, which is
beneficial for the environment. A good corporate social responsibility (CSR) may also
1 Boxall, P.F. and Purcell, J. Strategy and Human Resource Management. London: Palgrave, 2016.
2 Huselid, Mark A. "The impact of human resource management practices on turnover, productivity, and
corporate financial performance." Academy of management journal 38, no. 3 (1995): 635-672.

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HR STRATEGIESinclude development of the various labor policies for the betterment of the staff for the
business organization in addition to taking part in the various fair trade. The various
charitable activities along with the various volunteering activities done by the business
organizations are also included as the part of the good corporate social responsibility
(CSR).Corporate social responsibilities (CSR) also include the various corporate policies that
are helpful for the overall environment. Being socially and environmentally aware during the
various investment is also consider as an important part of the corporate social responsibility
(CSR) of a business organization. All the various corporate social responsibility (CSR)
activities help in increasing the brand image and brand value of a business organization
among its various potential customers. Few examples for the business organization that
follows good corporate social responsibility (CSR) may include Johnson and Johnson,
Google, Coca Cola, Netflix, Spotify, Bosh, Starbucks, Lego and the Walt Disney
Company.3
Talking about the various human resource strategies also includes the autonomy of the
employees of the business organizations.4 Autonomy of the employees refers to the amount
of freedom that is being given to its various employees in a business organization. The
various freedoms may include deciding upon its schedule related work and timing. In some
business organizations, autonomy of the employees refers to the freedoms that are given to
the employees in terms of the way a work should be done. Other Human resources polices
mainly includes the open door policies where the employees are encouraged to talk to their
seniors like the manager, the chief executive officer (CEO), the managing director (MD), the
president or the supervisor of the business organization in case of any issues. They in literal
sense keep their “door” open for scope of further improvement and betterment for the
3 Unit, Business. "Corporate social responsibility." (2015).
4 Bamberger, Peter A., Michal Biron, and Ilan Meshoulam. Human resource strategy: Formulation,
implementation, and impact. Routledge, 2014.