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Overview
Aligning a company’s human resources and business strategies is critical when seeking to increase competitive advantage. Some reasons that a business may seek to align or realign their business and HR strategies could include organizational restructuring, employee hiring and retention goals, social responsibility initiatives, and crisis management. The textbook broadly categorizes human resource strategies under internal and external cost and differentiation labor orientations and notes that these can differ based on a company’s strategic direction. Examples include free agents, loyal soldiers, bargain laborers, and committed experts. In this assignment, you will research examples of best practices and frameworks to align HR and business strategies with the goal of increasing competitive advantage and/or diversity.
Instructions
In a 3–4 p address the following:
Research best practices and frameworks for human resources and business strategies.
Summarize two examples of human resources and business strategy frameworks or best practices.
Describe two different approaches to how a company can align their human resources and business strategies.
Recommend one of the approaches for a company that wants to increase diversity or competitive advantage.
Support the recommendation with specific evidence related to the chosen outcome (diversity or competitive advantage).
Use three quality sources to support your writing. Choose sources that are credible, relevant, and appropriate. Cite each source listed on your source page at least one time within your assignment.
including citations and formatting. Please refer to the Library site for all support. Check with your professor for any additional instructions.
Help Resources
SHRM Body of Applied Skills and Knowledge.
Business Source Ultimate.
IBISWorld.
Human Resource Strategy – Adapting to the Age of Globalization [PDF]. (SHRM Special Report)
U.S. Bureau of Labor Statistics.
Check out the Library Guide
Check out this interactive tutorial: Using Your Own Words: Preventing Plagiarism.
Optional: How to Align Human Resources (HR) with Business Strategy.
Struggling with where to start this assignment? Follow this guide to tackle your assignment easily!
- Start with Research: Begin by researching best practices and frameworks for aligning human resources (HR) and business strategies. Use reputable sources like the SHRM Body of Applied Skills and Knowledge, IBISWorld, or the U.S. Bureau of Labor Statistics to gather data on frameworks like the Balanced Scorecard or the HR-Strategy Fit Model. These frameworks help businesses align their HR functions with organizational goals, so understanding them is crucial.
- Summarize Two Frameworks: In the first part of your paper, focus on summarizing two HR and business strategy frameworks or best practices. For instance, you could describe the Balanced Scorecard, which connects HR metrics to business outcomes, or the High-Performance Work Systems model, which focuses on optimizing employee skills and engagement. Your summary should outline how each framework aligns HR with business goals.
- Discuss Two Approaches: After summarizing frameworks, move on to discussing two approaches for aligning HR and business strategies. Examples could include integrating HR into strategic planning from the outset, or focusing on talent management systems that enhance employee development while supporting business goals. These approaches should be described in detail to show their relevance to organizational success.
- Make Your Recommendation: After reviewing the approaches, select one that is most relevant for a company seeking to improve either diversity or competitive advantage. Provide evidence to support your choice. If you’re focusing on diversity, explain how aligning HR and business strategies can help create a more inclusive workplace through targeted recruitment or bias-reduction programs. For competitive advantage, you might recommend a strategy that focuses on talent development or leveraging HR data to make informed decisions.
- Use Credible Sources: Cite at least three credible, relevant, and current sources that support your discussion. These could include academic journals, industry reports, or credible websites. Use APA formatting for citations and references.
- Conclusion: End with a brief conclusion summarizing your main points and reaffirming the importance of aligning HR and business strategies for achieving a competitive advantage or promoting diversity.
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