Strategic HR Management and Planning

 

Strategic HR Management and Planning


Figure 1: Strategic context

Through strategic planning, talent management, leadership development, organizational design, and performance management, strategic human resource management assists the human resources department in maximizing the potential of its workforce. Strategic HR management used to be an administrative task. Today's HR managers are essential to making sure the company has the ideal employees who can boost productivity and achieve goal fulfillment. It implies that HR professionals must comprehend its objectives and purposes (HR University, 2023).

 

The strategic HR management planning process

The strategic HR management planning process has four steps:

·         Assessing the current HR capacity

The first phase of the strategic HR planning process is to evaluate the organization's present HR capability based on its strategic strategy. You must determine the knowledge, talents, and skills of your present employees. By creating a skills inventory for each employee, this may be accomplished. The list of abilities should include more than just those required for a certain position. List all the skills that each employee has used. For instance, participation in leisure or volunteer activities may require specialized abilities that are pertinent to the group. Included should be the degree of education, any credentials, and any extra training. If an employee is prepared and willing to take on greater responsibility, it is possible to evaluate their performance evaluation form to ascertain this.

·         Forecasting HR requirements

The following stage is to project future HR requirements based on the organization's strategic objectives. Demand and supply estimation are necessary for accurate forecasting of human resources.

How many employees will be needed to help the firm accomplish its strategic goals?

 

This is one question that has to be addressed.

 

What positions will be vacant?

What kind of skill sets will be required?’


When predicting HR demand, it's important to consider the difficulties you'll have filling positions depending on the external environment.

 

How will the outside world affect our demands for human resources?

·         Gap analysis

Finding the difference between where your business is today and where it wants to go in the future is the next stage. In relation to the existing situation, the gap analysis comprises determining the number of employees and the skills and talents needed in the future. In order to assist the organization's ability to advance, you should also examine all of your HR management procedures and identify those that may be improved or replaced.


·         Developing HR strategies to support organizational strategies

There are five HR strategies for meeting your organization's future needs:

1.      Training and development strategies

2.      Recruitment strategies

3.      Outsourcing strategies

4.      Collaboration strategies

5.      Restructuring strategies (Child Care Human Resources sector counsil , 2023).

 

Importance of Strategic Human Resource Planning

Because it aids organizations in achieving their objectives, SHRM is crucial. SHRM may assist organizations in enhancing employee performance, developing the workforce, and fostering a good work environment by coordinating HR policies and programs with the company's business plan. SHRM may also save companies money by boosting productivity and lowering attrition.

·         Improve employee performance: SHRM can help businesses improve employee performance by creating systems to track and improve performance.

·         Develop the workforce: SHRM can help businesses develop the workforce by identifying employees’ development needs and providing training and resources to help them improve.

·         Create a positive work environment: SHRM can help businesses create a positive work environment by managing employee relations.

·         Reduce turnover: SHRM can help businesses reduce turnover by designing compensation and benefits programs that attract and retain employees.

·         Improve productivity: SHRM can help businesses improve productivity by improving employee performance and creating a positive work environment (Haan, 2023).

 

In addition, the following points are some factors that can identify the importance of strategic human resource management.

·         Clarifies the Current Scenario and Indicates the Loopholes

·         Helps in Future Anticipation

·         Helps to Incline with Market Trends

·         Assess the Workflows and the Delays

·         Unleashing the Power of Automation in HR Planning (Sigsaw, 2023).

Conclusion

Organizations utilize the technique known as strategic human resource management (SHRM) to manage their workforce. It is a means to guarantee that the utilization of the company's human resources supports the company's aims. Consider it a link between the company's objectives and its human resources. Using SHRM, businesses can develop programs and policies that support the overall strategy of the company while also managing employee performance and development more successfully.

 

References

Child Care Human Resources sector counsil , 2023. Child Care Human Resources sector counsil. [Online]
Available at: https://www.ccsc-cssge.ca/hr-resource-centre/hr-toolkit/hr-planning-infrastructure/strategic-hr-planning#:~:text=Strategic%20HR%20planning%20predicts%20the,organization%20will%20be%20operating%20in.
[Accessed 2 May 2023].

Haan, K., 2023. Forbes. [Online]
Available at: https://www.forbes.com/advisor/business/strategic-human-resource-management/#why_strategic_human_resources_is_important_section
[Accessed 2 May 2023].

HR University, 2023. HR University. [Online]
Available at: https://hr.university/shrm/strategic-human-resource-management/
[Accessed 2 May 2023].

Sigsaw, 2023. Sigsaw. [Online]
Available at: https://www.zigsaw.in/jobs/strategic-human-resource-planning/
[Accessed 2 May 2023].

 

 

 

Figure 1: Strategic context. 1

 

Comments

  1. Bhagya JosephMay 5, 2023 at 7:43 AM

    Strategic HR Management and HR are essential for any organization to have a smooth function

    ReplyDelete
  2. Aroshana WidanageApril 15, 2024 at 8:35 AM

    This post pointing out the importance of aligning HR practices with business goals to drive organizational success.Good article.

    ReplyDelete

Post a Comment

Popular posts from this blog

HYBRID WORK IN HRM

Image
  Hybrid Work in HRM                                                        Figure 1 : Hybrid work in HRM Hybrid work is a people-first strategy for managing the workforce that boosts output and job satisfaction while tackling the main drawbacks of distant work, such as loneliness and a lack of community. Employees that operate under a hybrid work paradigm have more freedom to work from home or any other location where they may be effective. With hybrid work, the workplace is no longer confined to the four walls of the corporate office; instead, it is a network of people who work at the office, from their homes, and in coworking spaces. Depending on the tasks they need to do, team members might move between different places. Depending on the company and the sort of work being done, the hybrid work paradigm can take on numerous forms (Webex, 2023) .   Hybrid Work Schedule The hybrid work schedule is one element that is especially exclusive to the hybrid organizational model.
Read more

Performance Management and Appraisal

Image
  Performance Management and Appraisal              Figure 1 : Performance management vs. performance appraisal A tool for corporate management is performance management. It enables managers to examine and evaluate the work of their staff. It aids in fostering an environment where workers can give their all and do the best possible job quickly and skillfully. It allows for the contextualization of people within the larger workplace system while emphasizing responsibility and openness. It helps people grasp expectations more clearly (Simpli Learn , 2023) . Performance appraisals help employees and supervisors discover areas for growth while helping to establish a strategy for employee development through extra training.   It is significant to remember that managers and workers often talk about one another's accomplishments outside of performance reviews.  Regular interactions develop connections between managers and employees, keep the team on the same page, and lessen the st
Read more