Question

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1. Why is it important to have a human resource (HR) strategic plan?

2. What information do you need in order to determine the HR strategic plan?

3. Why is it important to have clear and specific HR strategic objectives?

4. Give an example of a clear and specific HR strategic objective.

Answer 1

Why is it important to have a human resource (HR) strategic plan? Every step of a plan requires human resource Human resource is required for:

Planning

Implementation i.e hands-on, make it happen

Supervising/Project Management

Costing

Administration

Strategic plan makes employees ready for the business plan of the organization

Training requirements

Matching skills required to people

Getting the right people

Human resource is expensive ……. Typically the MOST expensive

Ensure this very expensive resource is used wisely

Budget restraints – Wages, Training

Meet with the objective of the business plan & company vision

Key decision-making

Succession planning

What information do you need in order to determine the HR strategic plan?

Business Plan, Vision – Strategic Plans (Short & Long)

Budget restrictions

Roles & Responsibilities. Org Chart

Feedback from employees, clients

Training requirements & courses

Why is it important to have clear and specific HR strategic objectives?   

When you define the HR objectives, ensure they are SMART so that clear targets are set for monitoring progress and evaluating outcomes. For example, a SMART objective aligned to a retrenchment strategy to reduce costs might be to reduce production team members by five per cent by the end of the fourth quarter.

S- Specific: Target and clearly define a specific area that you want to improve.

M- Measureable: Suggest an indicator of progress; quantify if possible. Determine how you will know the goal has been achieved.

1. Attainable: Agree what the goals should be and keep them achievable in the time frame

R- Realistic: Identify what results can realistically be achieved given the available resources, knowledge and time

T- Time framed: Specify when the result can be achieved; make sure there is enough time to achieve the goal, but not too much time.

Give an example of a clear and specific HR strategic objective.

Recruit employees with multiple skills

        Recruit people with a creativity background

Train people in innovation

Set-up a regular “brainstorming”