This document discusses the current trends and development that impact an organization's HR strategy, including manpower diversity, globalization, advanced technologies, competition for talent, and changing skills. It also explores the external and internal factors that influence HR strategy and practice, such as market trends, laws, environmental change, and availability of funds. The document further delves into theories and concepts for the growth and development of strategic HR management, including performance management, universalistic theory, and contingency theory. Additionally, it covers how HR outcomes can be measured and monitored, and evaluates effective HR management and development techniques.
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