HR planning

HR planning & Corporate strategies:

HR planning & Corporate strategies

strategy:

strategy DEFINATION Strategy is the pattern of major objective ,purpose or goal and essential plans &policies of or achieving goals Kenneth .R..Andrew Elements goals scope competitive advantages logics

Corporate and Business strategy:

Corporate and Business strategy It refers to decisions' on What business to enter ,what businesses to retain in the Portfolio those to exit from . It specially direct attentions At how corporate office can add value to the diverse businesses .

HR planning process as a strategic process:

HR planning process as a strategic process Definition& concept :- Strategy man power planning is a dynamic ,proactive , ongoing process of systematically attracting , identifying developing , mentoring , and retaining employees to support current and future organizational goal. Successfully HR planning : require a team approach and must be viewed as a process, not a single act Must have support of senior management Must have line management ownership and be involved in the

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process with support from human resources personnel Must ensure that the most qualified candidates move in to position of greater responsibilities.. Must be tailored in to each department’s need and structure . Influence the decision makers on future appointments/promotions . Must align strategies man power plan program with the department’s culture services , and vision

Benefits of strategic HR planning :

Benefits of strategic HR planning it benefits to organizations in various way are follows: Engages senior management in a disciplined review of leadership talent. Guides developments activities of key executives , managerial and professional employee. Prevents premature promotions Audits current workforce and there by influences resources and development strategies .

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Identifies the competencies needed by the current and the future workforce. Supports the overall mission of the department to provide superior efficiency by maximizing the human capital potential . Avoid transitions problems by having candidates who are fully prepared to assume positions of greater responsibility. Assure continuity of leadership and management and support.

Challenges of strategic HR planning :

Challenges of strategic HR planning There are certain challenges facing by strategic HR planning: Maintaining a competitive advantage : an organization enjoyed competitive advantage tend to be short lived as others companies are likely imitate it. So it is challenge for an HR prospective is to devlope strategies that offer the firm a sustained competitive advantage .

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Avoiding excessive concentrations on day to day problem :- A successful HR strategy demands a vision tied to the long terms business thus A major challenge of its prodding people in to back and considering the big picture Developing HR strategy suited to unique organizational features :-firms are differ like culture , technology, history

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etc. so there is Chances that any ambitious HR strategy can mold to organizational characteristic will fail. Coping with the environment :- firms market captures basis on like cost , customer , product , so it is a big challenge in developing strategy is crafting strategies at will work in the firm’s unique environment to give it a sustainable competitive advantage..

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Accommodating change :- strategic HR plans must be flexible enough to accommodate change . A firm with inflexible plan may find itself unable to respond to changes quickly so its a big challenge to create a strategic vision the plans to achieve it while staying flexible enough to adopt to change