HOW STRATEGIC IS HRM

This study of 115 subsidiaries of Fortune 500 companies indicates that a majority had integrated HRM and strategic planning systems within t heir organizations. HRM issues were explicitly discussed in strategic plans; HRM executives were involved in the planning process as ''strat egic partners''; and HRM was generally recognized as playing an import ant role in implementing business strategies. The degree of integratio n present was not related to short-run firm performance, however, time lags may be a factor. Implications of these findings are drawn. (C) 1 995 by John Wiley & Sons, Inc.