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Formulate strategies that are aligned with the core values
Course:- HR Management
Reference No.:- EM13687813




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Assignment Help >> HR Management

Establish the Company's Vision and Mission Know the company's business goal and the exact ideas on which you're planning.

Some companies incorporate both vision and mission into one single statement or paragraph, while others create yearly mission statements in line with their business strategy for the year.

As you go about gathering ideas and developing your plans, understand these three basic principles to observe

• Formulate strategies that are aligned with the core values and the core purpose of the company's vision and missions.

• Human resources are not just workforces to mobilize. They are real people with personal desires and ambitions, which is why they went through years of education and training. Now it's up to the human resources department to recruit individuals whose interests, competencies and capabilities are attuned to the core values and purpose of the company. Nonetheless, the department is not expected to be always accurate in the recruitment assessment, which makes it important to keep assessment programs part of the staffing strategy.

• Every employee desires to become a part of a business organization that is well-organized, which they could perceive as soon as they submit their applications for the recruitment process. They will experience this as they undergo the training initiatives and benefit from this through management's performance. The best part about an organized company, is that the compensation being afforded to employees is paid as a form of recognition for their contributions.

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Executive Summary

Human resource is recognized as one of themost imperative sources of competitive advantage for an organization in a highly competitive and dynamic globalized business environment today. A well -organized Human resource management system and strategic human resource planning facilitates the organization to develop the specific competences among the employees in order to enjoy the sustained competitive advantage. Needless to mention, Strategic Human resource planning

The overall organizational goal has an integral relation. Lot of academic research studies establishes the causal relation between an effective strategic human resources management system and the performance of the organization till date.This recent study provides an in-depth insight to the role and importance of human resource planning to achieve the organizational aims and objectives. Through the example of Lloyds bank, one of the prominent and profit seeking organization in UK, this paper establishes how the strategic




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