Which companies develop strategies in line with the company through strategic human resource management

Strategic Human Resource Management (SHRM) is a critical approach used by many companies, regardless of their size, to align their human resource policies and practices with their overall business strategy. Here's a step-by-step process of how companies might develop strategies in line with the company through SHRM:

1. Identify the Company's Strategic Goals: The first step in SHRM is to understand the company's strategic goals. This could be anything from expanding into new markets, improving customer service, increasing profitability, or fostering innovation.

2. Develop HR Strategies Aligned with these Goals: Once the strategic goals are clear, the company can develop HR strategies that support these goals. For example, if the goal is to expand into new markets, the HR strategy might involve recruiting and training employees who are familiar with these markets.

3. Implement the HR Strategies: After the strategies are developed, the company needs to implement them. This could involve changes in recruitment processes, training programs, performance management systems, or compensation structures.

4. Evaluate and Adjust the HR Strategies: The final step in SHRM is to evaluate the effectiveness of the HR strategies and make adjustments as necessary. This could involve tracking metrics related to recruitment, retention, employee performance, and employee satisfaction.

Here are a few examples of companies that are known for their strategic human resource management:

• Google: Google's HR strategy is aligned with its goal of attracting and retaining the best talent in the tech industry. They offer competitive salaries, generous benefits, and a positive work environment to achieve this goal.

• Southwest Airlines: Southwest's HR strategy is aligned with its goal of providing excellent customer service. They hire employees who are customer-focused and provide them with extensive training and support.

• Procter & Gamble (P&G): P&G's HR strategy is aligned with its goal of innovation. They hire creative individuals and foster a culture of innovation through various HR practices.

In conclusion, many successful companies use SHRM to develop strategies that are in line with their overall business goals.