Benchmarking

Discuss the importance of aligning human resource processes with business strategy.

HR strategy has to align with business strategy in order to enable the growth of a business. This in turn allows employee performance to improve, lowering the overall cost of doing business. When employee performance is decreased, this may cost the organization more in turnover, absenteeism, and other expenses associated with dissatisfaction or inefficient operations. HR strategy is not just about employee satisfaction however; it is also about aligning employee goals with organizational goals so the employees can feel they are supporting the organization as much as the organization supports them. Aligning HR strategy and business strategy is a complex process that involves communication, collaboration and planning. One of the ways of doing this is by benchmarking, surveying and assessing employee needs, organizational needs, and the needs of the customers, internal and external, that the organization services. Measuring...
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