Alignment Of HRM And Business Strategies
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Select a publicly traded company and evaluate its Human Resource (HR) and business strategy, HR department job positions, and ways it markets its company regarding human capital.
Propose how you would ensure the HR strategy is in alignment with the business strategy.
Describe the HR job position and the responsibilities listed for that HR department.
Determine which HR job positions you would prefer and explain why.
Analyze how the selected company can establish HRM strategies to improve competitive advantages.
Propose three (3) ways that the company can increase diversity.
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Solution Summary
Alignment of HRM and business strategies are examined. The HR job position preferred is determined.
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Human Resources at Coca Cola
HR systems in an organization perform a variety of functions like Selection, Recruitment, Retention, Training, Performance Appraisals, Compensation, Benefits, Risk Management and Union/Management Relations. In earlier time the main role of Human Resources department was to manage administrative work mainly related to recruitment of employees. However, over past few years HR has transformed from being an enabler to being strategic partner in business functions. Key strategic leverage points for HR are talent planning and knowledge management. HR aids in providing knowledge management as a source of competitive advantage by development of organizations' brand, managing stakeholders relationship, managing reputation and culture of organization.
At Coca Cola human resources takes a central position in ensuring that only highly skilled and knowledgeable employees are hired and retained. It provides conducive environment to employees to enable them develop a sense of unity so that they can carry out their responsibilities in most effective manner. HR formulates objectives, strategies, policies, and programs for guiding management in decision making. Since Coca Cola is a ...
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