Question

Why should you develop an HRM strategic plan?

Answer 1

WHY SHOULD YOU DEVELOP AN HRM STRATEGIC PLAN ?   

Human Resource Management Strategic Plan : Human resource management is the strategic approach to effectively manage the people within an organization. It is the process that consists of recruiting, selecting, providing orientation, performance appraisal of employees motivating employees, providing compensation and benefits, maintaining proper relationship between employees and employers, etc. An HRM strategic plan describes the strategic themes and goals for the department. Human resource strategic is an elaborate and systematic plan developed by by a human resource management in a company. It provides an overall view of the role of an HR department in an organization. It is the HRM strategic plan that contains the mission and objectives of the organization as a whole. Following are the importance of developing an HRM strategic plan in an organization.

● HRM strategic plan is developed in an organization to make human resource management decisions that supports the future direction of the organization.

● HRM strategic plan is an essential investment that helps the organization to achieve its set goal.

● An effective and efficient strategic plan provides the idea of allocating the resources to the most capable employees in an organization.

● Strategic plan helps to achieve efficient business benefits, cultural, structure, employees value proposition and effective communication for better human resource management.

● It gives emphasis to organization's moral values and manage business from being involved in public crashes.

● HRM strategic plan helps to analyse, evaluate and estimate future human resource requirements in an organization.

● These strategic plan identifies and allocate the required tools for employees to complete the job assigned.

● An HRM strategic plan guide the employers in planning and developing timely training to the employees. It also take part in employees recruitment, hiring and assessment process.

● A strategic plan clearly notes down the goals and objectives of an organization, therefore it will help both employers an employees to reach the set goal without being biased from it.