Whether you’re trying to improve your physical health or the health of your company’s bottom line, a little planning goes a long way. Strategic HR planning is a process that identifies current and future human resources needs in an effort to achieve organizational goals – ultimately linked to the company’s overall strategic plan. Your strategic HR plan should allow you to make HR decisions today that support the future direction of your organization. However, there are so many areas under the HR umbrella to consider that it can be a daunting task to know where to start…what actions will have the most impact to your people? To the bottom line? To the growth of your company? Analyzing the following can help get your started:
Current State of Your Team
Look at the collective knowledge, skills, and abilities that your current employees bring to the table. Are you utilizing everyone to their fullest? Are there hidden skills you could tap into? Are certain employees ready and able to take on more responsibility? Understanding the dynamics of your team will help you understand how to maximize each person and know where your talent gaps exist.
Your Future Talent
For your company to grow, you need to anticipate the needs of the future – what will your customers want in 1 year, 5 years, and beyond? Once you have a grasp of what the future of your business may hold, you then need to start getting the right people in place to support that growth and change. What jobs will need to be filled? Do our current employees have these skills? What training opportunities do we need to offer? What skill sets will your people need? Reviewing the economy, technology changes and cultural shifts can provide insight into what the future landscape of your organization may look like – giving you a chance to prepare now for the road ahead.
Choosing HR strategies for your company
Once you have a solid understanding of your current and future talent needs, you can start choosing the areas of HR in which you need to dedicate the most time and resources in the coming year. Do you anticipate having significant talent gaps? If so, focusing your HR efforts on recruiting, training and performance management strategies may be the way to go in 2017. Do you anticipate a downturn in the economy that will negatively impact your business? If so, a well thought-out restructuring plan may be worth the effort.
A little planning goes a long way and can save you time, effort and money in the long run. Take inventory of your organization today to be ready tomorrow.
Need additional guidance on how to start your strategic HR planning process? Give us a call. We partner with our clients every day to assess their current HR processes and in turn recommend effective strategies for reaching their organizational goals. We would love to do the same for you.