How to develop and implement Hr strategies and initiatives aligned with the overall business strategies?
From India, Chandigarh
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From India, Chandigarh
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Dear Colleague,
HR needs to be aligned with the business by realigning all your sub-processes linked to business objectives.
Talent Acquisition: Redefine job descriptions in line with business strategies/objectives and recruit talents based on that for each talent acquisition.
Talent Management: Your KRA system, KPIs, and overall PMS system should be powerful tools aligned with the business strategies and objectives. These need to be clearly documented, measured, and well-monitored during regular review sessions with each talent, including PIPs, feedback on business expectations, and incentivizing and reward plans.
Talent Development: Ensure all your training and development efforts are connected to business objectives/future plans, focusing on leadership development, career progress, and alignment with the business.
Organization Design: Structure the organization in a way that suits the business structure and strategies.
Review all your HR sub-systems to meet the needs of both people and the business. This realignment process will provide a valuable experience for the team.
All the best and God bless,
Dr. P. Sivakumar
Doctor Siva Global HR
Tamil Nadu
From India, Chennai
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337HR needs to be aligned with the business by realigning all your sub-processes linked to business objectives.
Talent Acquisition: Redefine job descriptions in line with business strategies/objectives and recruit talents based on that for each talent acquisition.
Talent Management: Your KRA system, KPIs, and overall PMS system should be powerful tools aligned with the business strategies and objectives. These need to be clearly documented, measured, and well-monitored during regular review sessions with each talent, including PIPs, feedback on business expectations, and incentivizing and reward plans.
Talent Development: Ensure all your training and development efforts are connected to business objectives/future plans, focusing on leadership development, career progress, and alignment with the business.
Organization Design: Structure the organization in a way that suits the business structure and strategies.
Review all your HR sub-systems to meet the needs of both people and the business. This realignment process will provide a valuable experience for the team.
All the best and God bless,
Dr. P. Sivakumar
Doctor Siva Global HR
Tamil Nadu
From India, Chennai
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Dear Manisha Thakur,
You have asked a query; however, you have not provided the context of your query. Are you a student or a working professional? If the latter, then what is the nature of your industry, finished product or service, the customer profile, the region to which the products or services are provided, and so on.
The examples of the difference in the business strategies are as below:
a) Reliance and Amazon (in India) are both retail companies. While the former relies on physical stores, the latter relies on e-commerce. While Reliance holds the inventory of the products across the stores, Amazon has developed its fulfillment centers (central warehouses) to store the goods. For HR, the paradigm itself shifts from one company to another.
b) The top-notch Indian IT companies like Wipro, Infosys, etc., relied on the recruitment of freshers and grooming them; HCL Infotech always hired experienced software professionals. While the employee cost remained the same, the output per employee for HCL Infotech was far higher.
c) This point is completely different from points (a) and (b) above. The HR strategy also depends on the organization's culture, and the organization's culture is shaped out of the CEO's mindset. Dr. Vishal Sikka, on becoming CEO of Infosys, tried to bring a culture of "design thinking" to the entire company. This was a radical change in the functioning of Infosys. A successor of Dr. Sikka restored the old culture of the company. The HR strategies changed as the CEOs changed.
Uniqueness is the hallmark of the business strategy. Therefore, what works for one company may not work for another company. While Dr. P. Sivakumar has given a broad list of the points to align HR strategy with the business strategy, customization is not that easy.
Thanks,
Dinesh Divekar
From India, Bangalore
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You have asked a query; however, you have not provided the context of your query. Are you a student or a working professional? If the latter, then what is the nature of your industry, finished product or service, the customer profile, the region to which the products or services are provided, and so on.
The examples of the difference in the business strategies are as below:
a) Reliance and Amazon (in India) are both retail companies. While the former relies on physical stores, the latter relies on e-commerce. While Reliance holds the inventory of the products across the stores, Amazon has developed its fulfillment centers (central warehouses) to store the goods. For HR, the paradigm itself shifts from one company to another.
b) The top-notch Indian IT companies like Wipro, Infosys, etc., relied on the recruitment of freshers and grooming them; HCL Infotech always hired experienced software professionals. While the employee cost remained the same, the output per employee for HCL Infotech was far higher.
c) This point is completely different from points (a) and (b) above. The HR strategy also depends on the organization's culture, and the organization's culture is shaped out of the CEO's mindset. Dr. Vishal Sikka, on becoming CEO of Infosys, tried to bring a culture of "design thinking" to the entire company. This was a radical change in the functioning of Infosys. A successor of Dr. Sikka restored the old culture of the company. The HR strategies changed as the CEOs changed.
Uniqueness is the hallmark of the business strategy. Therefore, what works for one company may not work for another company. While Dr. P. Sivakumar has given a broad list of the points to align HR strategy with the business strategy, customization is not that easy.
Thanks,
Dinesh Divekar
From India, Bangalore
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