Integrating human resource
management Strategies &
systems to achieve the
overall mission, strategies,
and success of the firm while
meeting the needs of
employees & other
Strategic Human Resource Planning
Strategic Human Resources planning is an important component of strategic HR management. It links HR management directly to the strategic plan of your organization. Most mid- to large sized organizations have a strategic plan that guides them in successfully meeting their missions. Organizations routinely complete financial plans to ensure they achieve organizational goals and while workforce plans are not as common, they are just as important.
Even a small organization with as few as 10 staff can develop a strategic plan to guide decisions about the future. Based on the strategic plan, your organization can develop a strategic Human Resources plan that will allow you to make HR management decisions now to support the future direction of the organization. Strategic HR planning is also important from a budgetary point of view so that you can factor the costs of retention, turnover, recruitment, OnBoarding and training, etc. into your organization's operating budget.
Strategic Human Resources Planning Process
Assesing the current HR Strategy
You cant look ahead if you dont know where you are and whats working for your organization and what needs to change.
Forecasting HR Requirements
Most business have a good understanding of trends which they need to prepare and forecast in order to maintained high profit.
Developing HR strategies to support organizational strategies
Documentation & Implementation
Assesing Your Business
Developing Outsource Strategy
Outsourcing practices are changing. There’s more flexibility and the option to outsource smaller, more selective arrangements that are tailored to your business goals and needs.
But if an outsourcing strategy is not executed effectively and an outsourcing relationship doesn’t perform well, what’s the point?
The secret is developing an outsourcing business plan that drives the outsourcing strategy and achieves your desired outcome. Here are 4 critical steps to developing an outsourcing plan that will ensure outsourcing benefits your business:
Identifying Outsourcing Strategy
For the past 15 years, businesses have integrated an outsourcing strategy into their development plans.
Outsourcing has proven to be an effective process for reducing business costs without compromising quality and increasing revenue.
It has become the go-to strategy of start-ups and businesses during time of uncertainty and unpredictability because virtual staffing allows their modeling to become more flexible and cost effective.
|| Entrepreneur - 5 Ways Telecommuting Saves Employers Money ||
What Can Be Outsourced
Thanks to digital advancements, many of your non-core activities can just as easily be taken care of half way across the world as they can from within your own business premises.
So as a small to medium business operator, you’re likely to consider the prospect of outsourcing at some time.
Turnover & Retention
While you might be thinking you’d love to work from home in your pajamas in front of the TV, the study goes on further to show that telecommuters put in longer hours and have more ambition.
Staff management means more than finding the right people to fill each role in your finance organization or to provide support on a special project.
Like a coach assembling an all-star team, you need to make sure every player’s skills complement the other team members' abilities, while also ensuring all positions are covered and objectives met.
In short, you need a well-thought-out staffing management plan.
Determine who is your Hiring Agency
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