HOW TO DEVELOP A KILLER HR STRATEGY?

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FASTCOLLAB

• HOW TO DEVELOP A KILLER HR STRATEGY?

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• The main objective of the HR strategy is to make
  sure that sufficient human resource is there to
  meet the operational goals and strategic goals
  simultaneously. It should also make sure that
  right person is employed for the right job. HR
  strategy should be flexible and should be ready
  to face the unexpected situations.
• Steps to develop the killer HR Strategy and
  Planning
• 1. Access current employees The skills,
  knowledge and abilities of the current employees
  are to be identified. Employees performance is
  to be determined continuously and has to make
  sure that employees are ready to take more
  responsibilities.
• 2. Forecast future requirements After accessing
  the current employees, the next step is to
  forecast the future requirement. It has to
  forecast how many employees are required to reach
  to the strategic goals of the company. While
  forecasting, organisations should also keep
  changing economy and technology in mind.

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• 3. Gap analysis The next step is to fill the gap
  in current as well as future requirements. It
  should forecast the skills and experience
  required to work on the upcoming job positions in
  the organisation. HR manager has to make sure
  that current HR practices are adequate for the
  future, if not then necessary changes should be
  made.
• Every organisation should have following
  strategies in their HR function
• Restructuring strategyRestructuring strategy
  mainly includes analysis for reducing or
  increasing the employee strength in the
  organisation. It has to regroup the tasks with
  well-defined jobs, and remove the irrelevant
  tasks or jobs. The output of the strategy should
  make sure that restructured teams are more
  efficient than before.
• Recruitment strategy Here organisations should
  be ready with all the possible job openings to
  fulfill the current as well as future
  requirements of the company. This strategy has to
  make sure that suitable candidates apply for the
  job and the newly hired employee has all the
  abilities and skills required to meet
  organizational goals.

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