Types of Human Resource Strategies

Types of Human Resource Strategies

1. MR. RONIT RAJENDRA KHARADE (ASSISTANT PROFESSOR & TPO) TYPES OF HUMAN RESOURCE STRATEGIES

2. TYPES OF HUMAN RESOURCE STRATEGIES Organizations vie with one another in developing future-oriented, sequential and integrated strategies to accomplish corporate objectives. Today, human resource management offers plenty of scope for developing such strategies. HR practices and techniques involving recruitment, training, compensation, performance evaluation, and communication are constantly reviewed and redesigned from strategic perspectives so that they evolve as the major sources of competitive advantage for the organization.

3. Organizations may adopt different techniques for developing HR strategies depending upon their environment, mission, vision, objectives and strategies, culture, and internal strengths and weaknesses. Important types of HR strategies are commitment strategy, compliance strategy, paternalistic strategy and collaborative strategy. We shall now discuss these strategies briefly. Commitment Strategy In this strategy, the organization seeks to build up a strong commitment among employees through the commonality of interests between employers and employees.

4. Compliance Strategy In this strategy, the organization aims at increased labour efficiency through improved labour cost control and process control. Paternalistic Strategy T he aim of this strategy is to secure labour efficiency through flexibility of staffing, work- force stability, internal promotions and job permanency. Collaborative Strategy In this strategy, labour efficiency is achieved through need-based hiring of highly skilled labour and evaluating and rewarding them only through performance-based criteria.