People Strategy

A “people strategy” is a comprehensive plan that aligns an organization's human resources and talent management practices with its overall business objectives. It includes elements such as talent acquisition, development, retention, performance management, employee engagement, compensation and rewards, all aimed at optimizing the workforce to drive business success. A robust people strategy typically encompasses talent segmentation, identifying critical roles, promoting diversity, equity, and inclusion (DEI), workforce planning, career development, and fostering a learning culture and business agility. Essentially, a company’s people strategy underscores employees as a competitive advantage and ensures HR practices support the broader business strategy.