Any business strategy consists of defined goals and initiatives that map how the business will utilize its products and services to compete. But to successfully execute a business strategy, each function within the business needs to align its departmental strategy with the overall business strategy.
And HR intersects with all other departments, making it a most vital part of any business strategy. As any business strategy changes, there will be effects on its people strategy. As a business’ priorities evolve, so do its people priorities.
Given the rapidly changing nature of business, HR does not want to operate in a silo. Organizations that weave their HR processes - such as recruitment, compensation, retention, and training - into their overall business strategy gain a competitive edge setting them up for long-term success.
Additionally, HR initiatives must be strategically timed to meet specific business needs - rapid growth, stability, or transformation - at various times. And by understanding their internal customers’ goals and challenges, HR can ensure its objectives align seamlessly with their customers' priorities.
Implementing a system for measuring and reporting the impact of HR initiatives, coupled with a feedback loop involving business leaders, ensures a continuous cycle of improvement and alignment. Data-driven insights are key to HR's decision-making process. By leveraging analytics and feedback mechanisms to continuously evaluate the effectiveness of HR programs and policies, HR professionals can make any necessary adjustments in real time - instead of just adopting standardized HR programs.
The dynamic business landscape of today demands more than traditional HR practices. This online seminar delves into the critical intersection of human resources and organizational strategy - with some of the key takeaways being:
Proven methodology for developing and implementing a strategic HR plan linked to and supporting the organization’s business plan
Pete Tosh is the Founder of The Focus Group, a management consulting and training firm that assists organizations in sustaining profitable growth through four core disciplines:
The Focus Group has provided these consulting and training services to manufacturing and service organizations across the U.S., Canada, Europe, and the Middle East. Pete has worked closely with the leadership teams of organizations such as Exxon, Brinks, EMC, State Farm, Marriott, N.C.I. YKK and Freddie Mac
Pete holds a B.A. degree in Psychology from Emory and Henry University and Masters degrees in both Business Administration and Industrial Psychology from Virginia Commonwealth University. Pete also co-authors Leading Your Organization to the Next Level: the Core Disciplines of Sustained Profitable Growth.