Steps in Developing HRM Strategy

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

Steps in Developing HRM Strategy
GHPL
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... Read more? Sign up for free
 

 
HR Strategy is About the Future
col n bhatnagar, Management Consultant, India, Member
 

   

     

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