Human Resources System

Human Resources Strategy

Components Of A Human Resources Strategy

Human Resources Strategy

Human resources strategy comprises the key operational goals and objectives to retain, staff, skill managers and develop staff. Building the skill base of a companies human capital is crucial to an organizations ongoing and long term success. Whether you're a small or large organization, recognizing individual achievements, facilitating development and aligning personnel with key company goals and objectives is very important for sustained development and growth on a personal and company wide level.

Leading and Managing People: Key personnel are responsible for establishing business direction and implementation. Leadership involves taking charge to initiate a plan of action. A leadership program continues to develop leadership capabilities in accordance with the organizational requirements and corporate plan. Companies that sponsor these plans raise the performance levels of the organization. It is, therefore, a human resources imperative. By recognizing staff achievements, providing feedback to staff to encouraged desired behaviors and identify and share accomplishments, a company can raise the IQ of its human capital. A smart empowered workforce produces superior results.

Attraction and Retention: Staff turnover is a critical issue in some companies and requires the adoption of an appropriate hr strategy. The cost of labor escalates when a company is forced to rehire labor on a regular basis. Encouraging excellent and motivated candidates, facilitating their development and improving skills builds a workforce that contributes to a companies success. Strategic human resource management recognizes this and formulates policy accordingly.

Developing and recognizing technical excellence: Ongoing staff education and training raise the standards and capabilities of a companies human capital. Enrolment and attendance to critical development programs should be encouraged and promoted as part of human resources strategies. Incentives to staff assist in this regard. Performance improvement leads to productivity increases which directly impacts the bottom line. The difference between a highly skilled workforce and a mediocre one can be significant. If errors and rework result from poor worker performance, company goals and objectives get compromised.

Workplace Health and Safety: Instituting appropriate workplace policies to prevent workplace injury, workers compensation claims and labor downtime should be a priority for any human resources strategy. Negligence law suits can be very costly if a company fails to maintain appropriate procedures and standards.

Attracting the best people, managing their development and aligning them with company goals and objectives are essential. A well thought out hr strategy evaluates, plans and develops initiatives that comprise a companies hr mandate. Without appropriate hr direction a company will not achieve the same level of operational or performance efficiency.

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