HRM Strategies: Internal and External Factors, Alignments

ESSAY

Table of Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
HRM Strategy..............................................................................................................................3
External Factors affect HRM Strategy.........................................................................................3
Internal Factors influencing HRM Strategy.................................................................................3
Approach taken in formulation of an HRM strategy...................................................................3
Adjustment of HRM strategy according to situation...................................................................4
Vertical alignment strategy..........................................................................................................4
Horizontal Alignment..................................................................................................................4
Workforce planning link to HR strategy......................................................................................4
HRM strategies which helps the organization in meeting its objectives.....................................4
Measures to support the business on shortage of long term Skill................................................4
HRM strategies used to re-engage with the organization............................................................5
Innovative approaches to recruit and retention............................................................................5
CONCLUSION................................................................................................................................5
REFERENCES................................................................................................................................6

INTRODUCTION
HRM strategies are established by management level to manage the HR department in
creative style. This report covers internal and external factors which influence the Strategy along
with alignments.
MAIN BODY
HRM Strategy
HRM Strategies is made because the organization has to connect the strategies with the
management of human resource (Paauwe, and Farndale, 2017). The strategies are applying when
the HR policies are made by the manager. An effective HR strategies affect positively to the
organization performance. The objective behind applying strategies in HRM is to maintain
flexibility, encourage innovation and helps in competing with competitors.
External Factors affect HRM Strategy
Government regulations or legal factors affect the strategy of human resource
management because the laws and workplace compliance standards are changing very quickly
(Singh, and et.al., 2020). So the HR has to updated themselves with the modifications which are
done by government.
Technological factors may affect the HRM strategy because the manager has guided their
employees regarding the old technology and the frequent change in technology creates a major
issue for HR. technologies are changed very frequently in the big organization which gives
impact on HR strategy.
Internal Factors influencing HRM Strategy
Policies are made by HR to guide their staff which may influence the strategies. Policies
are changed and modified regularly according to the need of the organization through which the
strategy is also going to change time to time.