Which of the following is a key element of strategic HR management?

Aligning HR practices with the overall business strategy is a key element of strategic HR management because it ensures that the human resources function contributes directly to the organization's goals and objectives. This alignment helps in creating a cohesive approach where every aspect of HR, including recruitment, training, performance management, and employee engagement, supports the wider direction of the organization. By integrating HR strategies with business strategies, organizations can effectively utilize their workforce to achieve competitive advantages, adapt to changes in the market, and drive organizational success.

In contrast, minimizing employee turnover focuses primarily on one aspect of HR management rather than ensuring all HR practices are strategically aligned with broader business objectives. Implementing standard HR policies may ensure consistency and fairness but doesn't necessarily contribute to strategic alignment. Focusing solely on compliance emphasizes adherence to laws and regulations but lacks the proactive nature of aligning HR with business goals, limiting HR's contribution to strategic outcomes.