your HR Strategic Plan (both the CEO and the Board) and you are now going to implement it? ANSWER HR strategic planning While designing a recruitment strategy, a company identifies its position in the market and channels that can be used to attract candidates. Plus, a recruitment procedure is also decided by the HR to ensure everything goes smoothly. Resources and techniques are also decided to hire experienced individuals or inexperienced young talents. It is ensured by HR professionals that a defined standard is being used to hire the deserving candidates. Before starting the recruitment process, an organization decides the number of new employees it requires and how they will be trained to adopt the company culture. In addition, there are some internal and external factors that are considered. Internal Factors:
Level of production Sales figures
Budget
Future plans for business expansion
External factors: Evolution of technology and how the organization will adopt it
Changes in business policies
Competition Unemployment rate in the sector Organizationally responsibility The human resources management team suggests to the management team how to strategically manage people as business resources. This includes recruiting and hiring employees with specific skill sets to meet the company's current and future goals, coordinating employee benefits and suggesting employee training and development strategies. HRM organization strategy include below areas: Development of the skills for future:- Building loyalist and commitment
Building a talent pipeline
Staying updated and competitive Fulfillment of organizational need of resources timely and effective manner Strategic recruitment decision:- This is an organized method to determining the skill sets should perform the objective, the number of individuals to carry out the mission, the crucial positions of the mission, as well as the individuality types and also designs of the essential settings. As soon as these remain in location, you examine individuals you have in place, as well as make note of the areas you more than resourced as well as under resourced. These are differences. Once the differences are identified, you create a strategy to get rid of these variances, by establishing sources you have in place, removed redundancies, as well as hiring for capability that you cannot establish in home. Recruitment/methods sources:- Based on the recruitment of 100 individuals in coming quarter following techniques /Method could be implemented. We need to decide first about the types of people and job description though which we need to source people. We need to categorize people into 3 categories. 1) Higher level requirement: - Method can be applied in such requirement is professional referrals, Recruitment agencies, Targeted social media recruitment (LinkedIn. indeed etc.), Test and assess job candidates to ensure they can do the job. 2) Middle level requirement :- Recruitment agencies, Job sites, Invest in an applicant tracking system, Employee referrals, web advertising, talent search and social media. 3) Lower level requirement: - Walk in interviews, sourcing from contractors, Mass recruitment drive, Job fairs etc. Applicant qualification required:- For filling up higher level and to some extent middle level position we need a thought out view of requirement for qualification and experience. For instance higher for GM level position requires high level of educational qualification with supporting experience in later years with proven track record. For an executive level position we may require minimum graduation level degree with sufficient work in respective area. While for low level position such as electrician , Gardner are somewhat not require too high qualification and can be done via physical demonstration of abilities as well. Organizationally Database:- In order to have a pipeline of candidate organization create a databases for the people who has previously given interviews or screened for a position but couldn't be qualified. Same database can be utilized for further selection of candidates. For instance a person given interview for marketing dept. earlier may not have qualified but suitable for such as administrative work. So scrutinizing these data may provide us valuable insight about candidate and less effort required for selection of these. Also it helps to reduce duplicate as if a candidate is already interviewed chances of reexamination can be avoided and process of selection can be speedup to next round. Evaluating recruiting quality and quantity:- As we discussed earlier higher level position require more focus on quality rather quantity as these are highly strategic position and a thorough thinking is required for selection. Lower level jobs are more of a quantity based where minimum skills are required and they generally do not affect much the organization goals. Middle level recruitment are the ones who require effort in both quality and quantity as they are the future leaders of the organization and also due to large requirement of personal we need a proper evaluation plans for selection and induction of them to the organization culture. HRM polices are to be decision keeping in view the future requirement of such personal in the organization and resource required to deal with their retention. Evaluating recruitment cost and benefits:- As recruitment methods have different cost structure. For instance employee referrals have not much cost in terms of filing the position, recruitment thought agencies require commission cost to be paid to the organization, Holding recruitment drive and job fair require significant cost to fill the position. Advertising and social media campaign have also cost for listing on their sites. So an organization has to deal with the cost and benefit associated with selection of a medium. Also HRM has to decide on the outcome of selection
such as how selected person will be giving output of cost of selection
plus salary benefit provided to him. What are organization priority for selected post and how much skills and professionalism required for the organization for the particular post. Higher the skills and responsibility for the person, their hiring and retention cost will be higher.
Selection, Hiring and selection procedure
Once selection is done an HR has to deal with problem of onboarding such as induction programs, training of the personal and employee engagement issues so that employees can be made comfortable with the organization culture and practice.Hiring process consist of Selection of prospective candidates ,Skill tests, HR round, Department specific interview round and final selection based on available positions.In each round certain specification and skills needed to be assessed for the candidate. Such as initial stages skills, communication and focus level of employees are generally judged though specific test and HR round, then candidates are shortlisted and forwarded to the departmental heads where they asses the professional and sectorial utility of the selection. Post that organization finalize the decision for hire based on negotiation on cost and benefit of the hiring candidate for salary and perks negotiation. Once selected there are different onboarding plans based on the organization in which an employee has to be provided knowledge and idea of internal workings to get anile with the process and resources provided to deal with the job anile. How TO approve your HR Strategic Plan (both the CEO and the Board) and how to implement it? In many companies, the CEO and management team are in charge of developing the company’s strategic plan. The plan is then presented to the board of directors for approval during a special planning meeting. Often, the plan is accepted as-is by the board, which lessens director ownership and prevents them from asking the right questions.However, what we have been observing more and more frequently is that the board of directors is no longer satisfied with simply approving management’s strategic plan once every three to five years. Indeed, sound governance practices, coupled with an unstable business environment, have led board members to play a more active role in developing and regularly following-up on strategy. A survey indicates that directors spend 24% of their time on strategy and that 50% of them would like to spend more time doing so.It is the board of directors’ responsibility to monitor the implementation and compliance of a company’s strategy and its fundamental objectives. This responsibility usually requires that a strategic planning process be adopted, that management’s alternative solutions and strategies be continuously reviewed and approved, and that results be measured against plans. Involving the board of directors in the strategic planning process achieves three main objectives: Adds diverse viewpoints to reinforce the quality of the strategic plan and related decisions Improves the board’s understanding of the organization’s business environment and its sense of ownership and accountability Ensures that the executive team and board members work in a collaborative rather than confrontational setting
Key success factors to benefit from a board of directors or advisory
committee in a strategic planning processTo play their strategic role to the fullest, directors must know when to participate and when to pull back.
Members of a board or advisory committee should not take
management’s place, as in the “nose in, fingers out” concept advocated by the Institute of Corporate Directors. To be able to exercise sound judgement about the company and add value to the strategic planning process, directors must remain abreast of the relevant and significant information required, without however making management’s decisions for them. The qualities of a good director are, without a doubt, good listening skills, sound judgment, and a talent for asking the right questions rather than the tendency to think and act alone.So that the board can add value to the strategy, management must provide enough information on markets, in particular how supply and demand are evolving, how it explains opportunities and threats, and its competitors’ scope, strengths and weaknesses. It is important to have information from both external and internal sources. Directors need to have a sound understanding of the company’s financial health and its capabilities in various areas, in particular its market share, the team’s know-how, succession planning, etc.Success also hinges on the smooth functioning of the board or advisory committee. The board must have a good relationship with management to be able to tell it like it is. Therefore, a company needs to select objective directors who are strong team players and who have a broad spectrum of skills. It is often said that directors should be well-versed in law, finance or accounting, but for an SME, it is also very important to have directors whose expertise includes the commercial sector.Complementary profiles are key here. In order for members of a board or advisory committee to add value, it is recommended that they include at least three to four individuals with industry experience -key skills for the company- and knowledge of the market conditions it is facing. Businesses would also be wise to look for more general profiles; members with a global and general business perspective to round out the strategic planning process.
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