Question

Strategic HR Planning
Discuss the Corporate Strategy impact on HR, Develop an HR Strategy linked to the Corporate Strategy, Identify the HR Planning techniques to be used

Answer 1

Strategic HR Planning
Discuss the Corporate Strategy impact on HR, Develop an HR Strategy linked to the Corporate Strategy, Identify the HR Planning techniques to be used

The Corporate Strategy and its impact on HR is as follows:

HR was once viewed as a support function to business organizations. However, with the change in time aligning HR strategies with the corporate strategies have become very important for competing successfully with other organizations.

a. HR serves as a strategic partner to the operating divisions of the organization by understanding the Corporate mission and purpose.

b. Organizations choose HR practices that fit its strategy and mission, and so there cannot be any universal best practices.

c. Due to market competition, to retain the best talent firms require employing and retaining the best available human resources with the help of HR. The Corporates assign this task on HR to make a plan and implement it.

An HR strategy linked to the Corporate Strategy:

a. Function: HR forecasts how many people will be needed and with what skills for the work force requirement in the company. After, understanding the requirement of the skill-set from the top management or the managers of the company.

b. Significance: HR plans how to take lead in the driving change which has been introduced by the management. Strategize how to implement it and how to make it a practice at workplace.

c. Potential: HR is a key player at the strategy table to develop performance management goals based on company’s objective. How to engage employees for company productivity.

HR Planning Techniques to be used are as follows :

a. Organizational Theory

b. Organization Charts

c. Responsibility Assignment Matrix

d. SWOT Analysis

e. Text

f. Networking

g. Expert Judgment