Is your HR strategy making a difference?
December 03, 2019
Traditional HR departments have gradually advanced to work for the collective aims and objectives of the organization as a whole. HR policies are aligned with organizational goals so that HR performs as a strategic organizational asset. Many well-established organizations all over the world have recognized how important it is to get right talent for the right job and moreover how to measure the performance, analyzing that all your Human resource efforts are determined on the specific business objectives.
A strong performance management system not only helps in getting everyone aligned on the over-organization mission and goals but also goes a long way in building a culture of trust and meritocracy.
– Saurabh Nigam
The basic requirement for analyzing and measuring the performance is to set pre-defined organizational goals for HR management. It starts with quantifying, measuring and analyzing results that are influenced by HR practices. But first you must determine your business’s HR key performance indicators (KPIs). The role of KPI is to analyze how you are moving towards your organizational goals whether it is short-term or long-term. The KPI you choose must ally with overall objectives, goals and strategies, I.e., how HR is contributing to rest of the organization.
The value of a business is a function of how well the financial capital and the intellectual capital are managed by the human capital. You’d better get the human capital part right.
– Dave Bookbinder
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HR strategy
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