Abstract
An empirical investigation led to the discovery of elements that create meaningful relationships between human resource [HR] teams and their respective business managers within organizations. The antecedents, consequences and strategies affecting the alignment of HRM, and business planning and implementation are reviewed. To meet existing human resource management [HRM] challenges, HR and business leaders must work together within the organizational setting to conceptualize strategy, planning, key roles, and competencies needed to reskill today’s human resource business partners [HRBPs]. The conceptual analysis of strategic HRM has led to understanding the dynamics of four key factors that are HR’s interaction with business operations, HR’s strategic contribution, responsibilities, and roles for HRBPs, and competency development for today’s HRBPs. After analyzing each of the factors, practical implications are addressed through results and discussions, and conclusions will emphasize the overall importance of an effective HRM and business strategy.
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