HRM- HR and business strategy
Human resource management is a process of hiring and recruiting right candidate in right position so that they can help in achieving organization goals. This seems to be very simple that HRM is hiring people from taking their interviews and then shortlist few of them and at last hire the best candidate. We must say that this process is not as easy and simple as it looks like. This whole process is very tough and need lots of efforts, first HRM get aware of vacancy in a particular department, then they announced the vacancy and started to get applications from internal and external candidates. The HRM will now checking the qualification and the skills required for performing the job. HRM will find that quality in candidates. After interviewing each and every applicants get job requirement, those who perfectly fit into the role will get selected.
The HRM work will not end after hiring and selecting employee but soon after the selected candidate get training and later their performance is measured as per task fulfillment time to time also HRM motivates existing employees, giving those rewards and recognition for increasing their performance. The work of HRM needs lot of hard work, skills and accuracy in work, hr manager will make the HR strategy and apply that strategy in organization.
What is human resources strategy?
Before understanding the HR strategy, let's understand what is a strategy? So strategy is the advance planning of any work which will perform in future. for example: a person is planning to go for holiday in coming months, so what will he do, first he will check the best mode of transport to reach their, second hotels and then mark places for visit, he will do all planning in advance to avoid any last minute problem. We will make strategy for doing work efficiently, how to do, when to do and who will do the work.
HR strategy is a strategy which is made by HR manager which helps in achieving the organization goals with help of company human resources.
Why HR strategies are important in organization?
Management is managing people in the organization, giving them work and expected that work to be complete in given time. While HRM is work for people welfare and satisfaction in the organization. HRM assign right people at right place, employees loves the work given to them and as result, it helps is achieving the goals. Hiring and selecting right employee and motivate existing employee is work of HRM, for that HR manager makes strategy which helps in making right decision.
Having an HR strategy is important because it determines how HR processes work in the company and ensures the strategies will help in achieving goals. HR helps in increasing employee productivity and improve business overall performance.
How to create an HR strategy in company?
While there in no such fixed rule for applying HR strategy in business, it depends on the HR manager and the goal set to achieve with these strategies. They may vary from company to company. However some widely accepted 5 steps we are explaining which helps is developing and implementing an effective HR strategy:
1. Understand the business and its goals.
The HR strategy make by HR manager keeping in mind the goal of business. Talk to the people in the organization for gaining the information for past achievement and check present performance of company. Now make strategy for future.
2. Employee skills:
Without manpower, no strategy is successful, review employee's performance and check their skills level.
3. Find out the reason of low productivity:
Talk to the employees and find out what they need to increase the productivity.
4. Access new talent:
For making effective hr strategy regularly connect with employees and their find out new talent in company.
5. Motivate existing employees:
Keeping existing employees in company for long time is a good resource. Old employees know the company work and goal very well.
6. Create short mission and check the strategy:
Make a short mission and work on achieving the mission with the HR strategy.
Connection between HR strategies and business strategy:
There is string relation between business and hr strategy. In short we can say that both work is to increase productively and helps in achieving business goals and objectives.
Today HR manages more than the hiring and on boarding employees. HR strategy helps in boosting employee's satisfaction and increases their performance also motivate existing employee for good work.
Business manager communicate the company goals and targets to the employees, and realize them as special in playing a role in the success of the companies with help of business strategy while HR manager helps business manager giving the information so employee concern and problems.
In short both business strategy and HR strategy helps in achieving the goals of company.
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