Steps in Developing HRM Strategy

Human Resource Management Roles > Best Practices > Steps in Developing HRM Strategy

Steps in Developing HRM Strategy
Step 1: Get the 'big picture' - understand your business strategy.
* Highlight the key driving forces of your business. What are they? e.g. technology, distribution, competition, the markets.
* What are the implications of the driving forces for the people side of your business?
* What is the fundamental people contribution to bottom line business performance?
Step 2: Develop a Mission Statement or Statement of Intent that relates to the people side of the business.
* Do not be put off by negative reactions to the words or references to idealistic statements - it is the actual process of thinking through the issues in a formal and explicit manner that is important.
* What do your people contribute?
Step 3: Conduct a SWOT analysis of the organization
* Focus on the internal strengths and weaknesses of the people side of the business.
* Consider the current skill and capability issues.
* Vigorously research the exter...Sign up

HR Strategy is About the Future
col n bhatnagar, Management Consultant, India, Member
Its very well explained. However, I would like to add just few points;
Strategic perspective is always the long term, future perspective.<...Sign up

HR Strategy Requires Financial Resources
Erick Msamati, HR Consultant, Tanzania, Member
Its well put! But in addition to what Bhatnagar says above, I'm missing the determining of the financial resources to support the implementati...Sign up

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Human Resource Management Roles
Best Practices


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