M1S2 The HR Strat Plan♟️ Flashcards
Systematic and detailed plans of action designed to synchronize a company’s objectives with the goals of individual departments.
HR Strategy
Known as the personnel department, primarily responsible for hiring personnel and handling related paperwork.
Human Resource Management
Nowadays, evolved into a more comprehensive function, HR managers to align their strategies with the company’s goals.
Human Resource Management
Establishing an HRM strategic plan involves these four steps
strategic analysis
identifying HR-related issues
prioritizing issues and actions.
formulates the HRM plan.
must be conducted to understand the organization’s values and mission to align departmental strategies accordingly.
strategic analysis
strategic analysis
identifying HR-related issues
prioritizing issues and actions.
formulates the HRM plan.
HRM strategic plan
6 steps HR plan
Determine human resource needs.
Determine recruiting strategy.
Select employees.
Develop a training plan.
Determine compensation.
Appraise performance.
Determine human resource needs.
Determine recruiting strategy.
Select employees.
Develop a training plan.
Determine compensation.
Appraise performance.
6 steps HR plan
As things in the organization ______, the strategic plan should also ________.
change
To make the most from a strategic plan, it’s important to write the goals in a _______ way.
S.M.A.R.T.
Intricately linked with the strategic plan. Examines the organization’s expected growth or decline, its impact on the workforce, economic conditions, and forecasted sales for the upcoming year.
Determine human resource needs.
Create a recruitment plan for finding and hiring the right people.
Determine recruiting strategy.
Employee selection process - conducting interviews and making hiring decisions.
Select employees.
Based on the company’s goals, HR managers should figure out what training is needed. This could be learning new software or handling conflicts. The HR plan should include details about how this training will be provided.
Create a training plan.
In this aspect of the HRM plan, managers are tasked with setting pay scales and other forms of compensation, such as healthcare benefits, bonuses, and additional perks.
Determine compensation.
