Please enable JavaScript.
Coggle requires JavaScript to display documents.
Strategy and Human Resource Planning - Coggle Diagram
Strategy and Human Resource Planning
Strategic planning
procedures to make decision about long-term organisational goals and strategies
strong external orientation that covers major portions of the organization
position relative to competitors
LT survival
value
growth
Human resource planning
process of anticipation and providing for people moving into, within and out of the organisation
maximize effectiveness of hr deployment (right time and place) to achieve organisation's goals
strategy formulation: what is possible in terms of number and types of employees
strategic execution: resource allocation
structure
processes
human capital
Steps of strategic human resource management
Mission, vision, values
Strategic planning
Determine mission statement
purpose
scope
Vision
long term direction
enduring beliefs and principles
HR role
capture underlying biz philosophy
establish cultural foundation
guide ethical code of conduct
External analysis (O,T)
HR role
Demographic trends
External labor supply
Benchmark hr metrics
Strategic planning
Environmental scanning
Economic
Ecological
Technological
Demographic and social changes
Legal and regulatory changes
Competitive environment
Customers
Rival firms
New entrants
Substitutes
Suppliers
Stakeholders
Primary
Secondary
Internal analysis (S,W)
Strategic planning
firm core competencies
firm's resources
process
system
people
HR planning
culture
compsition
strategic knowledge workers
core employees
supporting workers
complementary (external) partners
forecast demand and supply
gap analysis
competencies
Formulating strategy
HR planning
reconcile supply and demand via hiring, downsizing, layoffs,etc
establish productivity and efficiency goals
establish quality, services, speed and innovation goals
Strategic planning
corporate
growth and diversification
mergers and acquisitions
strategic alliances and joint ventures
business
low cost (productivity, efficiency)
Differentiation (unique value-added)
Evaluation
HR planning
Maintain human capital metrics
Balanced scorecard
Strategic planning
Evaluate benchmarking
Ensure alignment
Encourage workforce agility and flexibility
Executing strategy
HR planning
strategic alignment
Vertical
Horizontal
Balanced scorecard
staffing, training, rewards
Strategic planning
structure, systems,etc
Allocate resources
Alignment with functional strategy
Strategic human resource management (definition)
strategic planning + human resource planning
pattern of hr deployments and activities to achieve strategic goals
business strategy, overall purpose, goals, values establishes context for HR strategy number and types of people, skills