Nutribullet - Strategic Hr Management

[pic 1] LO4e Understand how a variety of resources and competences need to be integrated across resource areas to enable the success of a strategy.

The Link Between Strategic Planning and Human Resource Planning  : HRVoice.org. (2016). Hrvoice.org. Retrieved 29 December 2016, from http://www.hrvoice.org/the-link-between-strategic-planning-and-human-resource-planning/

STRATEGIC HR PLANNING - Human Resource Management. (2016). Sites.google.com. Retrieved 29 December 2016, from https://sites.google.com/site/humanresourcesite/strategic-hr-planning

Strategic HR Planning | HR Planning | HR Toolkit | hrcouncil.ca. (2016). Hrcouncil.ca. Retrieved 29 December 2016, from http://hrcouncil.ca/hr-toolkit/planning-strategic.cfm

Strategic Human Resource Management. (2016). YouTube. Retrieved 29 December 2016, from https://www.youtube.com/watch?v=HIO8tqxhunc

Strategic HR management is defined as: Integrating human resource management strategies and systems to achieve the overall mission, strategies, and success of the firm while meeting the needs of employees and other stakeholders.

Strategic HR planning is an important component of strategic HR management. It links HR management directly to the strategic plan of an organization. Most mid-to large sized organisations have a strategic plan that guides the organisation in successfully meeting its mission. Organisations routinely complete financial plans to ensure they achieve organisational goals and while workforce plans are not as common, they are just as important. Even a small organisation with as few as 10 staff can develop a strategic plan to guide decisions about the future. Based on the strategic plan, an organisation can develop a strategic HR plan that will allow to make HR management decisions to support the future direction of the organisation. Strategic HR planning is also important from a budgetary point of view so that you can factor the costs of recruitment, training, etc. into your organizational budget.

The strategic HR planning process:

The strategic HR planning process has four steps:

1. Assessing the current HR capacity
2. Forecasting HR requirements
3. Gap analysis
4. Developing HR strategies to support organizational strategies

1. Assessing Current HR Capacity:

Based on the organisation's strategic plan, the first step in the strategic HR planning process is to assess the current HR capacity of the organisation. The knowledge, skills and abilities of your current staff need to be identified. This can be done by developing a skills inventory for each employee. The skills inventory should go beyond the skills needed for the particular position. List all skills each employee has demonstrated. For example, recreational or volunteer activities may involve special skills that could be relevant to the organization. Education levels and certificates or additional training should also be included. An employee's performance assessment form can be reviewed to determine if the person is ready and willing to take on more responsibility and to look at the employee's current development plans.