Final answer:
Yes, HR responsibilities have shifted from operational to strategic responsibilities, involving the formulation and execution of organizational strategy.
Step-by-step explanation:
Yes, the statement is true. HR responsibilities have indeed shifted from operational to strategic responsibilities. In the past, HR departments were primarily focused on administrative tasks such as payroll, recruitment, and employee benefits. However, in recent years, HR professionals have taken on a more strategic role by aligning HR initiatives with organizational goals and contributing to the formulation and execution of organizational strategy.
For example, let's consider a scenario where a company is experiencing rapid growth and expansion. In such a situation, the HR department would need to align its strategies with the organization's goals by hiring and retaining top talent, implementing effective performance management systems, and fostering a positive and inclusive work culture. This involves formulating and executing organizational strategy, which falls under the strategic responsibilities of HR.
Overall, this shift in HR responsibilities is crucial for organizations as it allows HR departments to play a more active and integral role in driving business success, rather than being solely focused on administrative tasks.