HOW TO DEVELOP A KILLER HR STRATEGY? (1)

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HOW TO DEVELOP A KILLER HR STRATEGY?

• FAST COLLAB

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Description

• Human Resource strategy is designed to develop
  the attitude, behavior and skills of the
  employees and to make sure that organization
  goals are met. It should consist of principles
  for managing the workforce. HR planning is
  important from the budget point of view also as
  it affects recruitment and training.
• The main objective of the HR strategy is to make
  sure that sufficient human resource is there to
  meet the operational goals and strategic goals
  simultaneously. It should also make sure that
  right person is employed for the right job. HR
  strategy should be flexible and should be ready
  to face the unexpected situations.

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Steps to develop the killer HR Strategy and
Planning

• 1. Access current employees
• The skills, knowledge and abilities of
  the current employees are to be identified.
  Employees performance is to be determined
  continuously and has to make sure that employees
  are ready to take more responsibilities.
• 2. Forecast future requirements
• After accessing the current employees,
  the next step is to forecast the future
  requirement. It has to forecast how many
  employees are required to reach to the strategic
  goals of the company. While forecasting,
  organisations should also keep changing economy
  and technology in mind.
• 3. Gap analysis
• The next step is to fill the gap in
  current as well as future requirements. It should
  forecast the skills and experience required to
  work on the upcoming job positions in the
  organisation. HR manager has to make sure that
  current HR practices are adequate for the future,
  if not then necessary changes should be made.

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Every organization should have following
strategies in their HR function

• 1) Restructuring strategy
• Restructuring strategy mainly includes
  analysis for reducing or increasing the employee
  strength in the organization. It has to regroup
  the tasks with well-defined jobs, and remove the
  irrelevant tasks or jobs. The output of the
  strategy should make sure that restructured teams
  are more efficient than before.
• 2) Recruitment strategy
• Here organizations should be ready with
  all the possible job openings to fulfill the
  current as well as future requirements of the
  company. This strategy has to make sure that
  suitable candidates apply for the job and the
  newly hired employee has all the abilities and
  skills required to meet organizational goals.
• 3) Outsourcing strategy
• In this strategy HR manager has to decide
  which tasks have to be outsourced, and to which
  company or individual as per their competency, it
  has to be given. Tasks could be recruitment,
  background verification, employee management or
  pay slip generation. Outsourcing strategy has
  direct implication on meeting organizational
  goals, so extra care should be taken while taking
  the decision.

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Every organization should have following
strategies in their HR function

• 6) Training and Development strategy
• This strategy should make sure that
  employees are provided with adequate training to
  take on new roles. It should provide enough
  opportunities to the employees to develop in the
  present organization. HR Managers should be ready
  with various ways of meeting the training and
  development needs of the employee.
• 7) Collaboration strategy
• Collaboration strategy, does not have a
  direct impact on HR vertical, however it is
  useful for organisations where different business
  verticals are interdependent. HR Managers are
  expected to read every business unit within the
  organisation and look for possible collaborative
  initiatives to achieve success. It could be
  helpful in dealing with shortage of skills or
  improving the process of a particular business
  unit.
• Applicant Tracking System is one such
  tool that comes under Recruitment Strategy for
  achieving milestone success in HR department of
  any organisation. This platform is a one stop
  solution for managing recruitment, employee
  details and other related activities at
  enterprise level.

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Thanking You

• BY
• FAST COLLAB
• http//www.fastcollab.com/