Hey Folks!
I have to create an HR Business plan for the year. I have already prepared a report on how many more employees we require in the upcoming year, the associated cost to the company, the necessary training for each employee, and the revised leave policy for this year, etc.
I have put in my best effort, but I don't believe this will suffice to impress my bosses. Could someone help me with what specifically needs to be included in a business plan?
To provide a rough idea, our company's turnover is currently 25 crores, and we aim to increase it to 50-60 crores.
[NOTE: I am aware that this question has been raised before, but I am not satisfied with the answers provided earlier.]
Thanks & Regards,
Tabassum
From India, Bangalore
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I have to create an HR Business plan for the year. I have already prepared a report on how many more employees we require in the upcoming year, the associated cost to the company, the necessary training for each employee, and the revised leave policy for this year, etc.
I have put in my best effort, but I don't believe this will suffice to impress my bosses. Could someone help me with what specifically needs to be included in a business plan?
To provide a rough idea, our company's turnover is currently 25 crores, and we aim to increase it to 50-60 crores.
[NOTE: I am aware that this question has been raised before, but I am not satisfied with the answers provided earlier.]
Thanks & Regards,
Tabassum
From India, Bangalore
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Hi Tabassum,
HR business plans are in two ways - one that is more on the strategic side and the other that is more on HR operations. You have to be clear about what your management is looking for. Though you can also add the following:
The plan always has a date/schedule, the name of the responsible person for each plan/task, accomplishment column, or comments:
- Training plan, including the ROI on each training - Expectations
- Cost saving on each recruitment, dates of recruitments, and complete Manpower planning
- PMS cycle with effective dates
- Details of employee satisfaction survey if conducted in the organization
- Job description manual with complete dates
- Incentive plan
- and any such activities/functions conducted by HR in your organization.
Regards,
Archna
From India, Delhi
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115HR business plans are in two ways - one that is more on the strategic side and the other that is more on HR operations. You have to be clear about what your management is looking for. Though you can also add the following:
The plan always has a date/schedule, the name of the responsible person for each plan/task, accomplishment column, or comments:
- Training plan, including the ROI on each training - Expectations
- Cost saving on each recruitment, dates of recruitments, and complete Manpower planning
- PMS cycle with effective dates
- Details of employee satisfaction survey if conducted in the organization
- Job description manual with complete dates
- Incentive plan
- and any such activities/functions conducted by HR in your organization.
Regards,
Archna
From India, Delhi
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