MGT3045 WK 1 Discussion

What’s Trending In: HR Strategy and Planning © 2017 South University

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Human Resource Management

©2017 South University

2 What’s Trending In: HR Strategy and planning

Strategic HRM

WHAT'S TRENDING IN: HR STRATEGY AND PLANNING Over the past several decades, the strategic role of HR has been emphasized because firms realize that high-quality employees are needed to help them reach strategic objectives. The strategic landscape is expected to continually change as new issues challenge companies to more effectively use their employees. There are also opportunities that companies can seize to be more successful, which all require support and guidance from HR leaders. These realities require HR departments to develop people strategies that make sense given current business conditions. Here's what's currently trending in HR strategy and planning: 1. Human resource management is expected to play a more

important strategic role in organizations in the future. There is much discussion and speculation about how HR groups can fulfill such expectations.

2. A number of strategic issues are emerging in businesses today. These include an emphasis on sustainability (or giving back), a focus on work-life balance, and the creation of policies that enhance talent.

3. Globalization has created challenges for HR professionals because strategies often need to be revised to address issues in different areas of the world. HR needs to evaluate how employees are compensated, determine if they have a broad understanding of global business, and assess whether specific strategies work in foreign worksites.

4. HR planning can be found in the driver's seat of strategic planning. Consequently, HR leaders should be aware of the latest approaches to help companies find and retain the right talent.

5. The number of mergers and acquisitions is expected to increase over the next several years. To make these changes work, HR professionals should understand important best practices.

Page 2 of 3

Human Resource Management

©2017 South University

3 What’s Trending In: HR Strategy and planning

Strategic HRM

Mathis, R.L., Jackson, J.H., Valentine, S.R. & Meglich, P. (2017).

Human resource management. (15thed.). Boston, MA: Cengage Learning