This paper explores the concept of strategic human capital management (SHCM) and its critical role in organizational success. It begins by defining human capital as the knowledge, skills, and abilities of individuals within an organization and strategic management as the process of planning, monitoring, and evaluating the implementation of strategic decisions. The paper then delves into the importance of SHCM in achieving competitive advantage and fostering an innovative and high-performance culture. It discusses the key components of SHCM, including workforce planning, talent acquisition, talent development, performance management, and rewards and recognition systems. The paper also examines the challenges faced by organizations in implementing SHCM and offers practical solutions for overcoming these obstacles. Through a comprehensive analysis of case studies and theoretical frameworks, the paper highlights the benefits of a strategic approach to managing human capital and underscores the need for organizations to invest in their workforce as a strategic asset.
Harris, D. (2023). Strategic Human Capital Management. International Review of Business & Management, 5(1), 37. doi:10.69610/j.irbm.20230313
ACS Style
Harris, D. Strategic Human Capital Management. International Review of Business & Management, 2023, 5, 37. doi:10.69610/j.irbm.20230313
AMA Style
Harris D. Strategic Human Capital Management. International Review of Business & Management; 2023, 5(1):37. doi:10.69610/j.irbm.20230313
Chicago/Turabian Style
Harris, David 2023. "Strategic Human Capital Management" International Review of Business & Management 5, no.1:37. doi:10.69610/j.irbm.20230313
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ACS Style
Harris, D. Strategic Human Capital Management. International Review of Business & Management, 2023, 5, 37. doi:10.69610/j.irbm.20230313
AMA Style
Harris D. Strategic Human Capital Management. International Review of Business & Management; 2023, 5(1):37. doi:10.69610/j.irbm.20230313
Chicago/Turabian Style
Harris, David 2023. "Strategic Human Capital Management" International Review of Business & Management 5, no.1:37. doi:10.69610/j.irbm.20230313
APA style
Harris, D. (2023). Strategic Human Capital Management. International Review of Business & Management, 5(1), 37. doi:10.69610/j.irbm.20230313
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References
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