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Strategic human resource management is crucial for organizations as it helps to coordinate and channel human capital into higher productivity, achieve goals, and motivate employees through incentives and rewards.
The importance of strategic human resource management in an organization cannot be overemphasized due to the fact that human beings are the driving force of any organization. In this regard, organizations need to be able to implement strategic and well thought out HR ideas that will be implemented to coordinate and channel human capital into higher productivity. A sound HR strategy will enable an organization to maintain good relationships with its workers and to coexist in a peaceful and mutually beneficial way with its host community.
One of the ways strategic human resource management benefits an organization is how a properly implemented strategic human resource plan will help a company achieve its goals. When a company sets goals or targets that it hopes to achieve, it is the employees who will perform the necessary tasks geared towards achieving that goal. This is where the importance of strategic human resources in an organization can be seen, since the human resources department will identify the key areas of the business that require manpower. This department will also carry out the necessary measures for the recruitment of the ideal candidates who can not only fill the vacancies but can also help the company achieve its vision and other long or short term goals.
Strategic HR also means developing strategies that will help motivate employees to greater productivity and even greater output. One way HR can do this is through the development of different types of incentives, such as bonuses and promotions. These often serve as motivation for employees to work harder to achieve the promised incentives. Some HR departments also use rewards to motivate employees. During stated periods, which can be anywhere from every month to every year, the company may single out one or more employees and reward them with gifts in the form of cash or other prizes, encouraging other employees to work hard in the process.
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