CHAPTER 2
Strategic Human Resource Management—A Framework
CHAPTER OBJECTIVES
After reading this chapter, you should be able to:
- Understand the concept of strategic human resource management
- Understand the models of strategic human resource management
- Enumerate the benefits of strategic human resource management
Indian Oil Corporation (IOC) has an annual turnover of $59.22 billion. With a rank of 116, it is the highest-ranked Indian company among the global Fortune 500 companies. It has initiated several innovative HR schemes to convert its employees into a formidable source of competitive advantage. In fact, it has bagged the prestigious SCOPE Gold Trophy for Best Practices in Human Resources Management for 2005–06 for its HR practices. The ...
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