Human resource strategy
An elaborate and systematic plan of action developed by the human resource department. is an elaborate and systematic plan of action developed by a human resource department. HR strategy includes detailed pathways to implement HR strategic plans and HR plans. Each of these aspects has its own part within the overall strategic plan of the organization:
1. Staffing. Staffing includes the development of a strategic plan to determine how many people you might need to hire. Based on the strategic plan, HR then performs the hiring process to recruit and select the right people for the right jobs.
2. Basic workplace policies. Development of policies to help reach the strategic plan’s goals is the job of HR. After the policies have been developed, communication of these policies on safety, security, scheduling, vacation times, and flextime schedules should be developed by the HR department.
3. Compensation and benefits. In addition to paychecks, health benefits, and other perks are usually the responsibility of an HR manager.
4. Retention. Assessment of employees and strategizing on how to retain the best employees is a task that HR managers oversee, but other managers in the organization will also provide input.
5. Training and development. Helping new employees develop skills needed for their jobs and helping current employees grow their skills are also tasks for which the HR department is responsible. Determination of training needs and development and implementation of training programs are important tasks in any organization. Succession planning includes handling the departure of managers and making current employees ready to take on managerial roles when a manager does leave.
6. Regulatory issues and worker safety. Keeping up to date on new regulations relating to employment, health care, and other issues is generally a responsibility that falls on the HR department.