Hi Please give me a format to develop HR strategy in alignment with business startey. An example of any company will do. We are a manufacturing company.
From India, Bhubaneswar
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3From India, Bhubaneswar
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Understanding HR Strategy Alignment
There is no laid-down format. It is a concept that implies that HR should understand the strategy for business growth (which could be scaling up operations by adding units, expanding through mergers & acquisitions, etc.). HR should evolve a plan to provide people with the required competencies and skills (through recruitment, promotions, training, etc.) within the time frames of growth and institutionalize processes for leadership development, manpower planning, skills enhancement, grooming, retention of talent, and creating succession pipelines.
HR as a Business Partner
HR strategy should aim at becoming a business partner. This means how HR can function as a 'Profit Center'; perhaps by curtailing manpower budgets through technology interventions (enhancing productivity without engaging additional workforce - a typical approach deployed in a manufacturing setup; utilizing Capex and reducing Opex).
Hope I have provided some insight for aligning HR with business strategy. In brief, it means enabling the organization to enhance productivity with existing resources in tight time frames and continuing to do so through innovative approaches without creating unrest in the organization.
Maybe some more valid points from experts will help us all learn. Thanks for initiating a valuable discussion, as this is what HR professionals must learn to be respected as professionals.
Regards
From India, Delhi
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There is no laid-down format. It is a concept that implies that HR should understand the strategy for business growth (which could be scaling up operations by adding units, expanding through mergers & acquisitions, etc.). HR should evolve a plan to provide people with the required competencies and skills (through recruitment, promotions, training, etc.) within the time frames of growth and institutionalize processes for leadership development, manpower planning, skills enhancement, grooming, retention of talent, and creating succession pipelines.
HR as a Business Partner
HR strategy should aim at becoming a business partner. This means how HR can function as a 'Profit Center'; perhaps by curtailing manpower budgets through technology interventions (enhancing productivity without engaging additional workforce - a typical approach deployed in a manufacturing setup; utilizing Capex and reducing Opex).
Hope I have provided some insight for aligning HR with business strategy. In brief, it means enabling the organization to enhance productivity with existing resources in tight time frames and continuing to do so through innovative approaches without creating unrest in the organization.
Maybe some more valid points from experts will help us all learn. Thanks for initiating a valuable discussion, as this is what HR professionals must learn to be respected as professionals.
Regards
From India, Delhi
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Thank you, Sir, for replying to my query. However, I would greatly appreciate it if any member could attach a format for developing the HR strategy, as most companies face similar HR challenges. Consequently, the HR plan can be derived from the strategy.
Thanks again, Sir. I look forward to a positive response from the members.
Regards
From India, Bhubaneswar
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Thanks again, Sir. I look forward to a positive response from the members.
Regards
From India, Bhubaneswar
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