How to Formulate an Effective Global Human Resource Strategy? (1)

1
How To Formulate An Effective Global Human
Resource Strategy?
How to Formulate an Effective Global Human
Resource Strategy? The global corporate and
business milieu has been undergoing
unprecedented, dynamic changes in the recent
past. Whether it is driven forth by technology,
politics, or current social situations, it is
imperative that a business must have a strong
global human resource strategy if it wants to
serve its stakeholders well. As businesses are
going, and want to go, global, the need for a
strong global human resource strategy is
stronger now than ever. Even then, many
businesses find it difficult to come up with
adept strategies to go global with its HR
efforts. Here, we discuss how to create an
effective global human resource strategy taking
into consideration a variety of elements working
within a business.
2
Aligning Business Requirements with that of the
HR The first thing that must be kept in mind is
that aligning the needs of a business with that
of the HR is the first and most important step
to create an effective global HR strategy. A
global HR policy that does not merge well with
the overall business goals is never an effective
policy at all. Hence, the first step must always
be aligning business needs with the HR
requirements. Identify Skills Gap in Your
Business If you need to create an exceptional
team for your business, you must understand the
skills that your business lacks. Understanding
the skill gaps in your business is one of the
important aspects of creating an excellent team
and global HR policy. Without understanding the
type of talent and skills you need, what is the
point of hiring talent even if they have
undertaken any number or business and human
resources certification programs? They will bring
no value to you. Identify Chief
Activities This step involves understanding the
important activities of your business strategies
and identifying the skills and qualifications
needed for each of them. This must tell you what
activities are important and what are not.
Weeding out activities that do not bring value to
a business is also hugely important for the
success of a global HR strategy.
Image Courtesy IT Chronicles
3
Leadership Training and Identification Most of
the time, businesses may have excellent leaders
and professionals within their business itself.
However, it can happen that they go unnoticed or
unrecognized mostly. But with adequate training
and development courses in Dubai , any business
can identify talents within their own ranks
suitable for leadership roles within the
company. Consider the Performance of the
Business Another important element that must be
kept in mind is that the performance of the
business has to be considered while making the
global HR strategy. It is the aim of the HR
policy to support and foster business growth.
Any strategy that brings down the performance of
the business is a strict no-no.
Abolish any Favouritism toward Local Many
businesses have a natural inclination towards
recruiting local talent even when having highly
skilled and qualified professionals who might
have undergone suitable human resources
certification programs and courses. This needs to
change first. The key to an exceptional global
HR policy is the willingness of the business to
induct skilled talent no matter where they are
from.
Image Courtesy Deputy
4
Build a Global Talent Database Build a Global
Talent Database As businesses have gone global,
there is no doubt that businesses will need to
hire global talent one way or another. As such,
it is only befitting that you create a global
talent database of candidates that have
undertaken suitable business and human resource
management courses that your business needs. This
will help you have a readily available database
to hire professionals from when you need them
quickly.
Retention is the Key Despite having an excellent
global HR policy for recruitment and training, it
is observed that many strategies fail to keep
the talent it worked so hard to acquire. No
matter how accomplished a talent is, they would
always want to grow. If your global HR policy
does not offer enough room for growth, your
talent will naturally migrate to businesses with
better prospects. Hence, an intelligent global
HR policy must ensure that the employees are
challenged with opportunities for growth and
development.
Image Courtesy Vantage Circle HR Blog
5
Conclusion All of these facets can help a
business create a strong, intelligent global HR
policy. However, it can only be done with an
insightful, smart human resource professional who
has undergone adequate human resources
certification programs. Since the whole field of
human resource is highly dynamic now, businesses
that want their HR professionals to help them
achieve their global business goals must aid and
encourage the HR professionals to pursue
suitable human resource management courses to
develop adept skills in the field. Explore
Education is one of the most respected institutes
that offer training and development courses in
Dubai.