HR CYCLE
There are seven stages in every organization’s human resource development cycle:
1.business needs,
2. job competencies,
3.the hiring process,
4. learning and development,
5. performance assessment,
6. continued learning and training,
7. total rewards.
The Human Resource Development Cycle
stage 1
Business Needs
To understand business needs and HR needs through customer satisfaction surveys, employee opinion surveys, exit surveys, customized diagnostic tools, a turnaround times benchmarking survey, investment operations survey, economic survey,
industry survey etc etc
Stage 2
Job Competencies
Linking your employees’ job skills, abilities and knowledge with your organization’s strategic goals and business plans/ audit your organization’s core competencies and competency models/ Core Competencies Matrix review, a job-specific competencies review (i.e., customer service representative, customer service supervisor), and a job group-specific competencies review (i.e., entry level, associate level, senior associate, leadership level).
Build and implement effective competency models that are linked to your organization’s strategic goals and business plans.
Stage 3
The Hiring Process
Developing a competency-based and industry-validated hiring/staffing process for various positions, whether it’s administrative, customer service/call center, technical/professional, or management.
Stage 4
Learning & Development
Learning and professional development programs help employees address critical areas of business operation.
These include Performance Management, Development Resource Advisor, a Multi-Rater system, a Talent Management system, Interview Management system etc etc.
Stage 6
Continued Learning and Development
As an invaluable partner in your organization’s success, continued learning and development can help employees stay up-to-date on the latest industry trends, emerging technologies and best practices.
Stage 7
Total Rewards
Organization stay competitive in terms of job salaries, compensation,
benefits, non financial rewards etc etc
THIS CYCLIC HR PROCESS CONTINUES PERIOD
AFTER PERIOD, WHICH HELPS THE ORGANIZATION
TO KEEP UPTO DATE IN
-BUSINESS NEEDS
-MANPOWER NEEDS
-SKILLS/KNOWLEDGE/ABILITIES NEEDS
-TRAINING / DEVELOPMENT NEEDS
-REWARDS/COMPENSATION NEEDS
WHICH COULD HELP THE ORGANIZATION
-DEVELOP TALENTS
-KEEP TALENTS
regards
LEO LINGHAM