A STRATEGIC BUSINESS PARTNER

K.Janani 2nd MBA-I (12md029)

INTRODUCTION
Strategy is a high level plan to achieve one or more goals under conditions of uncertainty. Strategy is important because the resources available to achieve these goals are usually limited. strategy is about shaping the future" and is the human attempt to get to "desirable ends with available means".

POSITION OF ADVANTAGE
Strategy is also about attaining and maintaining a position of advantage over competitors through the successive exploitation of known or emergent possibilities rather than committing to any specific fixed plan designed at the outset.

Role of HR as a strategic business partner

Every decision, plan, or process has to be aligned with the core business strategy. HR must be able to add value to the organizations overall strategic objectives by employing a shared mind-set and accountability to key performance indicators. The focus has shifted from what HR does to what they deliver.

Cont
In all phasesrecruitment, training, development, retention, and performance planning human resources plays a vital role in fulfilling strategic goals. The main impact area, which makes HR professionals a strategic partner, is talent management.

Cont..
Reducing the time needed for new employees to become productive through effective onboarding and training is essential.

Successful HR business partners lead the effort to develop a long-term strategy to ensure continuous development and retention of its key employees and potential successors.

KNOWING THE BUSINESS

HR departments are recognized as strategic partners within an organization when they fully understand its business. Take a position on strategic issues.
Strategic HR departments understand their organizations business, how the money flows, and what drives growth and profitability.

Dave Ulrich HR Model

HOW DOES A HR BUSINESS PARTNER WORK

HR centers of excellence
Talent acquisition HR reporting Talent development Compensation & benefits

ALL HR MANAGERS !!!