Discuss About The Evaluation Measurement Handbook Of Training.
The report provides an overview on the management of human resource strategic planning within my organization. Human resource (HR) strategic planning refers to the procedure that recognizes present as well as future human resource requirement for specific enterprises in order to achieve its target. This is one of the inseparable parts of strategic planning procedure in the enterprise that is closely related to its mission, vision and target. In this context, HR strategic planning also decisively contributes to reduce risk relating to staffing requirement for achieving enterprise target (Armstrong and Taylor 2014). The requirement of strategic planning occurs from dynamism of social as well as economic life along with proactive approach in the company. It connects individual’s aspect of enterprise directly to strategic plan. It has huge significance in the organization as it facilitates in getting awareness of enterprise and management of workers for helping the management achieve its target and objectives. This study focuses three parts -planning requirements, development of HR strategic plan and proper implementation of HR plan in the enterprise.
HR strategic planning is one of the vital component of business that enables the employees of enterprise to meet demands of future (Bamberger, Meshoulam and Biron 2014). It assures that there is right number of individuals with right skills in right location at right time. For analysing strategic plans of the organization, it might be useful for reviewing written plans that deals with enterprise vision, mission, operational and strategic objectives for next period. Moreover, the different dimensions of HR strategic planning are temporal as well as functional. The functional dimension of HR planning aims at antedating future strategic requirements by considering enterprise strategic objectives. On the other hand, the temporal dimension targets at connecting time horizons that is covered by HR plans with enterprise plans.
The objectives and target of HR plan relate to identification of human capital as resource that drives enterprise success. In addition to this, it also relates to recruitment, workforce planning, employees development and engagement, training and development, pay and reward, succession planning and performance management (Bratton and Gold 2017).
For identifying emerging practices and trends of HR planning, environmental analysis has been undertaken in the organization. The reason behind this is that this environmental analysis influences HR practices directly as well as indirectly (Yang 2012). The environmental factors that influences HRM are controlled by the enterprise through adoption of effective strategies in order to gain more competitiveness in terms of highest output.
A common tool that can be used for undertaking this environmental analysis is PESTLE. It is a vital tool that is mainly focused on crucial external environmental factors, which in turn affects present as well as future of enterprise. The acronym of PESTLE is Political, Economic, socio- cultural and technological. These factors
Political-There are several political factors that impact the HR management of the enterprise. These factors include- legislation, industry laws, forthcoming global changes, health and safety laws, data protection, tax policy and tariff laws.
Economic- The economic factors refers to the activities within the economy that impacts the HR practices of the organization. These factors involves- exchange rates, level of inflation, level of savings and debt, unemployment rate, growth of national income, wage rate, minimum wage, interest rate and living cost.
Social- It refers to the factors that occur socially in marketplace where the enterprise operates. These factors are – population rate, income distribution, age distribution, lifestyle changes, consumer behaviour and so on.
Technological- Advancement of technology impacts the HRM as well as competitive position of enterprise. These technologies are- Web 2.0, social networking websites and so on.
Legal- The change in legislation also impacts the HR practices of the organization. These factors are – resources, employment, quotas and so on.
Environmental- Other environmental factors that impact HR practices of the entity includes- stakeholders, labour market, demographic factors.
Digital technology will certainly influence job roles in my organization as it help the labourers to work from remote areas. This might impact on the different methods of operating in business.
The examples of changes that one should be aware of are given below-
External consultants is used for carrying out huge range of HR services involving- policy development, recruitment, job design and so on. HR service provision is provided in this way as it increases flexibility in business operations and is cost- effective ( Jiang et al. 2012).
The costs and benefits that are associated with few aspect of HR service are-
I have gained huge support for strategic HR plan from senior managers by-
While involving with them, I have written formal agreements regarding timescales, costs. In fact, the nature of involvement with other persons involve informal conversation and proper communication.
In fact, these adjustments were made to the plan in order to make decisions for re- panning if required.
The methods of evaluation used are-
Conclusion
From the above discussion, it can be concluded that implementation of effective strategy helps to manage HR planning in proper way. It helps the HRM to attain the objectives as well as target of enterprise. Moreover, it also improves the work culture and operations in business. As a result, this increases profit margin and improves financial performance of business.
References
Armstrong, M. and Taylor, S., 2014. Armstrong’s handbook of human resource management practice. Kogan Page Publishers.
Bamberger, P.A., Meshoulam, I. and Biron, M., 2014. Human resource strategy: Formulation, implementation, and impact. Routledge.
Bratton, J. and Gold, J., 2017. Human resource management: theory and practice. Palgrave.
Briscoe, D., Tarique, I. and Schuler, R., 2012. International human resource management: Policies and practices for multinational enterprises. Routledge.
Buller, P.F. and McEvoy, G.M., 2012. Strategy, human resource management and performance: Sharpening line of sight. Human resource management review, 22(1), pp.43-56.
Hendry, C., 2012. Human resource management. Routledge.
Jiang, K., Lepak, D.P., Han, K., Hong, Y., Kim, A. and Winkler, A.L., 2012. Clarifying the construct of human resource systems: Relating human resource management to employee performance. Human resource management review, 22(2), pp.73-85.
Kehoe, R.R. and Wright, P.M., 2013. The impact of high-performance human resource practices on employees’ attitudes and behaviors. Journal of management, 39(2), pp.366-391.
Kunze, F., Boehm, S. and Bruch, H., 2013. Organizational performance consequences of age diversity: Inspecting the role of diversity?friendly HR policies and top managers’ negative age stereotypes. Journal of Management Studies, 50(3), pp.413-442.
Phillips, J.J., 2012. Handbook of training evaluation and measurement methods. Routledge.
Stone, R.J. and Stone, R.J., 2013. Managing human resources. John Wiley and Sons.
Yang, Y.C., 2012. High-involvement human resource practices, affective commitment, and organizational citizenship behaviors. The Service Industries Journal, 32(8), pp.1209-1227.
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