Human Resource Strategy For A Successful Organization Big Or Small

Human resource departments today have a more distinct, calculated position within organizations, and human resource strategy influences the bottom line. “One of the challenges for HR leaders is convincing executive leadership teams that human capital is one of the most important resources in which the company can invest” (Mayhew, 2014, p.). Subsequently, “this return on investment is an essential part of the argument for including HR as part of an overall business strategy” (Mayhew, 2014, p.). Human resource departments utilize the information given to them from company executives and leaders, coupled with their respective expertise on all things personnel, and they plan and implement staffing concerns for the betterment of the organization. From preparing job analysis, to comparing inventory and forecasting, it is the responsibility of human resources to consider the objectives of an organization and fulfill those goals while operating the specific planning relative to HR.

An organizational strategy is the creation, implementation and evaluation of decisions within an organization that enables it to achieve its long term objectives.

The role of a Human Resource department is ever changing in today’s volatile business environment. Over the years HR have become strong strategic partners within an organization by providing functions such as recruitment,

In order to develop a human resource strategy; there must be a linkage of the entire human resource function with the firm’s business strategy in order to improve business strategy execution. The first recommendation

Strategic planning involves making decisions about the organization’s long-term goals and strategies and how the organization decides to implement their goals (Bateman, Snell, Konopaske, pg. 113). Strategies help organizations to have a clear perspective on how to go about accomplishing the goals they have in place. All organizations have a clear vision of what their mission and purpose as a company is, they know how to fulfill the mission, vision, and purpose and they know how to ensure that they accomplish all their goals. However, the route the organization takes to define these things determines how effective they will be.

An effective human resources (HR) strategy is the complete design, or strategic plan, that directs the engagement of specific HR functional areas. Subsequently, HR strategies will guide decisions about company personnel to make sure they are best suited for the company. For this to be successful, all of the functional areas of HR strategies must be directly compatible with the entire business strategy of the company (Wright, Snell, & Jacobsen, 2003). One such company that has been very successful in developing an HR strategy to support the overall business strategy, is the United Services Automobile Association, or more commonly known as USAA.

The idea of organizational goals has a long history in economics, in which the classic position posits an entrepreneur or ownership group which in turn establishes the goals of the firm. Alternatively, these goals may represent a concesus arrived at by all members of the organization.

These strategies are of significant value to how the organization looks at the long term operation of the company. These strategies are: 1. Where to put your financial and people resources, 2. Structure and processes that can deliver the strategies; 3. Metric and rewards to support strategy, structure, and process; 4. Values and behaviors required to achieve goals; ( www.managementparadise.com/forums/foundation-human)

Human Resource Management (HRM) is the terminology used to illustrate formal systems devised for the management of people within an organization. It is the method of managing an organization or company that is directly related to the employees of that particular organization. The success of a business often rely heavily on the performance of managing human resource. Maximizing the desires and benefits of an organization and helping a business grow by rewarding employees to help motivate and push them in their performance is one of the main aim of HRM. By doing this, it will have a positive impact on both the company and it’s entire organization.

As we have seen strategies will provide to organizations a unique position in the market, making hard to our competitors to copy the competences achieved by those strategies differentiating us from them. Strategies also help organization to achieve the objectives in the long-term, focusing in not losing the core business, but what happen when the long term strategies are not supported by an action plan? What happen when the objectives are set without considering the resources and skills which the company will need to achieve them?

This is the proposed Human Resource business strategy plan for ABC Technologies. This strategy should work in conjunction with and in support of the ABC overall strategic plan of doubling in size over the next two years while recruiting and retaining top tier talent in an extremely competitive market. This HRM strategy will outline Human Resources role as strategic partners to success by developing initiatives in the areas of staffing and recruitment, compensation and benefits, training and retention, employee performance, diversity, workforce safety and compliance with labor laws and regulations. It is believed that HRM’s work in these areas will address ABC’s two most primary components to business

Human resources (HR) improve business performance and develop organisational culture that encourages modernisation, flexibility and competitive advantage.

According to (Kaplan & Norton, 2005) organisation must “recognize that effective strategy execution requires communicating corporate strategy; ensuring that enterprise-level plans are translated into the plans of the various units and departments; executing strategic initiatives to deliver on the grand plan; and aligning employees’ competency development plans, and their personal goals and incentives, with strategic objectives.”

For organizations to be successful it needs to have a great tight-knit alignment between its structure and strategy. One can describe an organization’s strategy as the business plan that illustrates how an organization will produce products and provide services to customers and overall how it will run the business. It is also described as specific plans of actions aimed to reach specific goals and maintain good relationships with clients and customers. Organization Strategy can best be described as the precise pieces of an organization that are perfectly suitable internally. For an organization to proceed with their plans their structure and strategy have to work together like a clock. It is vital for an organization

According to Bono and Judge (2003) there is no single approach to developing a human resource strategy for effective job performance. As a matter of fact, the specific approach will vary from organization to organization. Even so, the literature reviewed so far and a consideration of the organizational culture that pertains in the National Commission for Civic Education makes the model presented below an excellent approach. This conceptual model identifies six specific steps in developing an effective human resource strategy: