Role of hr in strategic formulation
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The document discusses the role of human resources in strategic formulation. It defines strategic human resource management as effectively applying an organization's human resources to accomplish its overall strategy. Strategic HR provides a framework for achieving long-term goals by enhancing economic performance, adapting to changes, and ensuring stability with a content workforce. The importance of HR to strategic formulation includes providing competitive advantage, controlling labor costs, and effectively utilizing resources. HR contributes to strategy through performance appraisal, staffing, training, environmental scanning, and implementing resource allocation.
Role of hr in strategic formulation
- 1. ROLE OF HR IN STRATEGIC FORMULATION PRESENTED BY BLESSY MARIA JOSEPH& RENU ROSE SEBASTIAN S4 MBA MACFAST
- 2. STRATEGY It deals with providing direction, coordinating and providing a decisional framework and allocation of resources It is all about integrating organizational activity and utilizing and allocating the scarce resources within the organizational environment so as to meet the present objectives
- 3. STRATEGIC PLANNING 1. DEVELOPMENT OF ORGANIZATIONAL PHILOSOPHY AND MISSION STATEMENT 2.ENVIRONMENT SCANNING 3. SWOT ANALYSIS 4. FORMULATION OF STRATEGIC OBJECTIVES 5.GENERATION OF ALTERNATIVES FOR ACHIEVING OBJECTIVES 6.EVALUATION AND SELECTION OF STRATEGIES
- 4. STRATEGIC HR It defines the employee as an asset on which the success of any organization depends. According to CHARLES R GREER, “ strategic human resource management as the effective application of the organization’s human resource to accomplish the organization’s overall strategy”. In short strategic HRM provides a framework to achieve a long term goal.
- 5. NEED FOR STRATEGIC HR Enhancement of organization’s economic performance To survive in the market especially to handle the critical aspects To utilize the human resource in the most effective and optimum manner To adapt to various changes in the HR policies and practices in accordance with the government legislations.
- 6. To assist the organization in its career and succession planning To ensure stability of the organization with contented work force and appreciation from the stakeholders and the public. Thus in strategic HR it focuses on performance, improvement and competitive advantage.
- 7. IMPORTANCE OF HR TO STRATEGIC FORMULATION PROVIDES COMPETITIVE ADVANTAGE CONTROLLING LABOR COST EFFECTIVE UTILIZATION OF RESOURCES
- 8. HR CONTRIBUTIONS TO STRATEGY PERFORMANCE APPRAISAL,STAFFING,TRAINING AND DEVELOPMENT ENVIRONMENTAL SCANNING AND COMPETITIVE INTELLIGENCE IMPLEMENTATION OF RESOURCE ALLOCATION
- 9. THANK YOU