HR Transformation

I have gone through quite a lot of literature in books, academic papers, web pages and through the live debates and discussions. All are taking great concern about the Issue of the HR transformation. In today fast moving business all are doing their best to reach the competitive edge. All business men are becoming aware to the fact that values can be added to their business through the HR and the intangibles rather than the tangible assets.
Accordingly, there is a great concern to transform the HR from the traditional and administrative function to the strategic player. This, however, can be achieved by aligning the HR strategy with the business strategy. Actually every business strategy has a build-in part of the HR strategy what so ever this strategy is diversification, introduction of new line of production, new technology, new market segment, new product or even in case of liquidationm, business shutdown and headcount in case of recession and business collapse.
The HR strategy should be directly aligned to the business strategy. HR strategy should avail and attract the right and the competent resources to the business; develop them through a systematic strategy of HR development.HR should develop strategy that related the performance of the employees to the success of the business and should maintain a strong correlation between the employee performance and the business success and bottom-line. HR should build and maintain very strong strategy for reward and recognition that help in the attraction and the retention of the best resources in the business. Studies are, however, showing that there is a close relation between the increase of length of service, the decrease in rate of turnover and the customer care, high sale volume, low cost , high profit and the competitive advantage. It is quite clear that when we attract and recruit the competent people, we better invest in them by training and development, we continuously assess their performance to bridge their performance gap and link their performance to the overall business endeavors by using the business score card , in the meantime we use the best system of reward and recognition to our high potential employees these integrated HR strategies will lead to develop the TALENT POOL. The business will, however, acquire the best human capital, intellectual capital and social capital. It is the pool of intangible which will not be available to the other business rivals. It is the sustainable competitive advantage.