Strategic Human Resources Management
When the talk of strategic human resources management occurs the first thing comes in mind is the strategic planning that how the planning is useful to manage the resources. So, let us first discuss about the strategic planning.
Strategic planning
Basically the strategic planning is the process of describing the strategy of the organization. SWOT analysis and PEST analysis are the various business techniques which can be used for the strategic planning.
Strategic planning includes:
Strategic analysis:
Strategic analysis consists of considering the changes in the social, political and technical environment of the organization. Strategic analysis also considers the weak and strong points of the organization.
Setting strategic direction:
Strategic direction should be done in a way that the strategic goals should achieve in time without affecting to those who are responsible for achieving them and this can be done only by extending the capabilities and rewarding them for providing the best results.
Action planning:
Action planning considers the objectives used to achieve the goals. To reach an objective every objective is associated with tactic, responsibilities and the timeline because it helps in when and by what time the objective should be completed so that it is easy to achieve the goal.
To implement the annual plan which includes the strategies, objectives, responsibilities and timelines the budgets should also be made because it helps in depicting how the money should be spent.
Budgets can be of different types like:
- Operating budgets.
- Cash budgets.
- Project budgets.
- Capital budgets.
Benefits of strategic planning:
There are lots of benefits of strategic planning and some of them are:
- It describes the purpose of the organization and to achieve the desired goals and the objectives within the defined timeframe.
- It helps in producing more efficiency and solves major problems.
- It provides a bonding between the staff and the board of directors.
Strategic planning processes:
Now after doing the planning it is the time to follow the processes which are taken by the organization to implement.
The strategic planning process involves:
- Mission
- Objectives
- Situation analysis
- Strategy formulation
- Implementation
- Control
Mission:
In this process the company displays its image and describes the new heights where the company should reach.
Objectives:
The organization sets up the different objectives which have to achieve to reach the height. The corrections can be made in these objectives whenever needed i.e. they should be measurable.
Situation analysis:
Once the objectives are set up then changes in the external and internal environment should be done depending on the current situation of the organization. Strengths and weakness are considered as the internal factors while opportunities and threats are considered as the external factors and such type of analysis are called SWOT analysis.
Strategy formulation:
Once the organizations have its image of where it is standing and the goals which to achieve the different strategic alternatives should be developed.
Implementation:
Once the strategy is defined it should be translated into the specific policies such as:
- Marketing
- Research and development
- Procurement
- Production
- Human resources
- Information systems
Control:
Control systems should be there to measure the changes which are implemented to achieve the objectives and the proper action can be taken to achieve the success.
Strategic objectives:
Strategic objectives help the organization to achieve the heights in a well defined time frame. The main motive of setting the objective is to fulfill the mission of reaching to the goals make the company always on the first rank.
Following criteria should be there in making of strategic objectives:
Measurable:
The progress done to achieve the goals can be measured by some indicator.
Specific:
The objective could clearly describe the motive.
Realistic:
The objectives must be challenging but they should not affect anyone while achieving it. Infact, they inspired the employees to achieve the goals with all their efforts.
Time frame:
There should be a specific time limit to complete the task.
When all the criteria are satisfied then it is helpful to provide the maximum benefit to the organization.
Strategic information systems planning:
Some of the characteristics of the strategic information system planning are:
- Main task
- Key objective
- Direction from
- Main approach
Strategic information systems have to fulfill the demands of the organization like completing the task in time providing tough competition to the other organizations.
The tasks of the information systems are difficult in the way that they have to depend on the users demands based on the business strategy.
The strategic information systems planning methodologies are classified into two categories as:
- Impact
- Alignment
To implement these methodologies a framework is needed which is made by the existing problems.
