How to plan your HR strategy
Want to get HR a seat at the table? You need to be strategic. Set aside time to plan out your biggest goals for the year. This way, you can hit the ground running with all the facts, figures, and strategy you need to succeed.
Here’s a checklist to help you structure your strategic HR plan. You’ll need to block out some time to do this effectively, so make sure you allow yourself a few focused hours.
1. Ask the relevant questions
This first step is when you’ll define your priorities for creating an effective strategy that helps you reach your goals.
2. Get specific
Build a thorough overview of the organization’s challenges, opportunities, and capability gaps in order to make a plan for how to overcome them during the year.
- What capabilities in the business need to be strengthened?
- Will these capabilities be improved through development or by buying in talent?
- How does culture impact your HR goals?
- What elements of your culture require bolstering?
- What tools, programs, comms, and strategies will be required to engage the organization at every level?
- Gather as many facts and figures as you can, getting specific about teams, job roles, and territories
3. Do research
It’s also important to consider the world beyond your organization, including trends and factors to take into account when considering your strategic plan. This will involve some research via third party organizations such as government, independent research bodies, and consultancies.
- Any new legal requirements or regulations to consider
- Demographic trends in your territories
- Social and technological changes in the short- and mid-term
- Political movements within your business footprint
- Salary expectations for business-critical roles
- HR trends
4. Plan your initiatives
Based on your priorities and the micro and macro trends, it’s now time to start planning what strategies, projects, and initiatives you’ll put into place to achieve your goals for the year:
- What hiring strategies, development, pipelining, training, and compensation will be required to achieve your goals?
- What external and internal resources will be required to implement your strategies and projects?
- What is the anticipated budget requirement?
5. Check-in with your stakeholders
Often you’ll need buy-in from different parts of the organization to achieve your goals. This means to represent to the C-suite what your team’s contributions will be to achieving business goals
6. Measure and analyze
HR strategies live and die by their data and analytics, so it’s important to rigorously plan out how you intend to capture, measure, and analyze the effectiveness of your strategies in order to report back to stakeholders.
It could be useful to compare this data to any external data you can find from other organizations, for example via case studies. Measurement metrics can be collected through the following steps:
- Identifying and measuring KPIs
- Determining the different kinds of data that will need and compare it with? to be gathered, such as qualitative, quantitative, and self-reported from employees and team leaders.
- Establishing how your statistics will be measured. What software or platforms will you gather, measure,
The bob platform was built to increase your HR efficiency and effectiveness. Create a more impactful, data-driven HR strategy using bob’s culture-forward features.