HR management rules

Human Resources Management

Module 2: Human Resource Strategy and Planning

Module Learning Outcomes

Discuss how strategic analysis, competitive strategy and execution impact human resource management strategy and planning.

• Strategic Management Process (the same one from MGMT 1010)

• HR Strategic Planning

Strategy Process – MGMT 1010

Strategic Analysis

Levels of Strategy

Strategy Formulation

Levels of Strategy

Implementation

Strategy Implementation

• Competitive strategy => strategic goals with timelines

• What this means for HR = alignment

HRM Strategic Planning

Organizational Strategic Planning – What HR Does to Support the Strategy

• Attract, Retain, Develop critical talent

• Build High Performance work organization

• Align people with business

Human Resources Planning

• HR strategy sets the direction for all key areas including hiring, performance management, compensation, and training & development

• Essential elements:

• Clearly understood strategic direction

• Customer and stakeholder goals

• Strategies for accomplishing goals

• Implementation plan

• Communication plan

• Accountability system

Quick Review

• What is strategic analysis?

• What is strategy formulation?

• What is strategy implementation?

• What is the role of human resource management in organizational strategic planning?

• What HR implications arise from different organizational strategies?

• What is included in the process of human resource planning?