Human Resources as a Strategic Partner

Paper Summary:

This paper addresses the relationship between human resources (HR) and business strategies within an organization. It discusses effective HR strategies in the workplace and the benefits and consequences of requiring HR to report directly to the CEO of the company. The paper then discusses risk management programs and looks at HR as a career choice.

Table of Contents:
The Relationship between HR and Business Strategies
Effective HR Strategies
Direct Reporting to the CEO
Risk Management Programs
HR as a Career
Conclusion

From the Paper:

"A study conducted by the Institute of Management and Administration indicated many CEOs partner with HR professionals to plan compensation for employees. This action is intended to not only devise a proper compensation plan, but also meet the needs of employees. The relationship between the CEO and HR allows the CEO to ensure the hiring, retention, termination, and training of employees meets the specific goals established by the organization (CEOs, HR work together to set comp plans, 2008). A failure to encourage such a relationship may result in a misalignment between the actions of employees and the goals of the organization, thereby hindering the potential for success."
"However, other reports indicate CEOs are failing to realize the importance of the direct connection with HR. A PricewaterhouseCoopers LLP report indicated only 43% of the CEOs surveyed indicate a confidence in the HR department (HR profession still failing to convince chief execs of its value, 2008). Requiring HR to report directly to the CEO may alleviate this lack of confidence, in addition to aligning actions with goals."

Sample of Sources Used:

• Bates, S. (2002). Facing the future. HRMagazine, 47 (7), 26. Retrieved March 28, 2009, from EBSCOhost database.
• Becton, B. and Schraeder, M. (2009). Strategic human resources management. Journal for Quality and Participation, 31 (4), 11-18. Retrieved March 25, 2009, from EBSCOhost database.
• CEOs, HR work together to set comp plans. (2008). Report on Salary Surveys, 8 (12), 1-15. Retrieved March 28, 2009, from EBSCOhost database.
• Gandolfi, F. (2008). HR strategies that can take the sting out of downsizing-related layoffs. Ivey Business Journal, 72 (2), 1-12. Retrieved March 27, 2009, from EBSCOhost database.
• Hills, J. (2008). Need to know: company values. Personnel Today, 28. Retrieved March 26, 2009, from EBSCOhost database.

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