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How to Create Human Resource Strategy   Document Bundle
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How to Create Human Resource Strategy

A Human Resource strategy is a business's overall plan for managing its human capital to align it with its business activities. The Human Resource strategy sets the direction for all the key areas of HR, including hiring, performance appraisal, development, and compensation.

The HR strategy is thus a long-term plan that dictates HR practices throughout the organization.

An HR strategy has a set of characteristics:

1. It requires an analysis of the organization and the external environment.
2. It takes longer than one year to implement.
3. It shapes the character and direction of Human Resources Management activities
4. Helps in the deployment and allocation of organizational resources (i.e. money, time, personnel)
5. Is revised on a yearly basis.
6. It incorporates the expert judgment of senior (HR) management.
7. It is number-driven.
8. It results in a specific behavior.

These characteristics give a good overview of what an HR strategy consists of.

The next question is: how do we create a Human Resource strategy?

A very useful model here is the standard causal model of HRM, one of the key HR models. This model shows where HR strategy originates from and how it influences HR execution and business performance.

The model shows that the HR strategy is a result of the broader (business) strategy. It shows that HR activities create value when they are aligned with what the organization tries to achieve. When there is alignment (fit) between the two, HR will contribute to the performance of the organization.

The overall business strategy is formulated based on the past and the present. It is a result of what the company has been doing in the past and its current internal capabilities. An often used tool to arrive at this strategy is the SWOT analysis.

In the SWOT analysis, the organization's internal Strength and Weaknesses, and its external Threats and Opportunities are mapped. Strengths include the company's core know-how and know-what. These are its production capacity, existing brand, marketing channels, sales capabilities, R&D expertise, and other human capital factors.

The company's strategy leverages its Strengths to capitalize on the Opportunities in the market. At the same time, it tries to circumvent Threats and minimize the impact of Weaknesses.

The HR strategy is based on the organizational strategy. The HR strategy touches on all the key areas in HR. These include recruitment, learning & development, performance appraisal, compensation, and succession planning.

An example of an HR strategy is an HR mission statement and HR vision, with concrete, high-level actions about how to execute on this mission and vision.

Thank you for tour attention.

Regards,

UJ Consulting


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World Class HRM Best Practice PPT Strategic human resource management (strategic HRM) provides a framework linking people management and development practices to... [read more]

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SWOT Analysis - Driven Strategic Planning Lecture Outline 1. History of SWOT Analysis 2. What is SWOT Analysis? 3. Objectives of SWOT 4. Who needs SWOT Analysis? 5.... [read more]

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Critical Human Resource Business Partner PPT Contents 1. Future ready HR Business Partner 2. HR Business Partner Metrics 3. HR Management Cycle 4. HR Strategy and... [read more]

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In addition to the common comparisons between Personnel and HRM, there are many who believe that HRM is merely a return to the human relations school of management philosophy.... [read more]

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Human Resource Strategy Best Practice Contents 1. What Is An HR Strategy? 2. How Connected Are HR and Business Strategy? 3. 6 Steps to Craft Your HR Strategy 4. Three... [read more]

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HR Strategy Map Guidelines HR Strategy Map constructed from two primary sources, namely: 1. Corporate's Strategic Targets or Business Targets. The HR Department should use... [read more]

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Strategic Human Resource Management Programs Template PPT Strategic Human Resource Management Programs Template includes: 1. Key Initiatives in Career Management... [read more]

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Strategic Human Resource Management Lecture Outline 1. Responsibilities of HR Department 2. HR as a Business with three product lines 3. Competencies Do HR Professionals... [read more]

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ABOUT THE AUTHOR

Author: UJ Consulting
Additional documents from author: 180

UJ Consulting

Untung Juanto ST. , MM. Founder of UJ Consulting. He is professionally experienced business and management consultant in several local and multinational companies. [read more]

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