|
 Conducting
an Audit:
Strategic HR can
add value to your bottom line. Studies have shown that highly
effective Human Resources (HR) functions can contribute 10% to the
bottom line. The first step in determining HR
effectiveness is by conducting an audit consisting of assessment in the
following areas:
-
Do your HR
programs align with the company's strategy?
-
Does HR have
a strategic plan? If so, is it aligned the organization’s
strategic plan?
-
Is training
and development focused on the organizations needs to improve
effectiveness?
-
How do you
evaluate the success of the training & development programs?
-
Are you in
compliance?
-
How effective
and efficient is our HR branding, recruitment and selection in
obtaining new talent?
-
What are your
retention rates for the last few years?
-
How do you
measure HR effectiveness?
HR Information
that Adds Value:
HR can add
tremendous value and add to the bottom line in the following areas:
-
Environmental
scanning i.e. identifying and analyzing external opportunities
and threats
-
Supply
competitive intelligence for use in the strategic planning
process
-
Internal
strengths and weaknesses
In this role
Human Resources become strategic partners in business operations
playing a pro-active role rather than a passive administrator who
reacts to the business functions. The strategic Human Resources
function understands and knows how to measure the monetary impact of
their actions, in order to demonstrate the value added
contributions.
The primary actions of the strategic human resource function is to
translate business strategies into HR priorities. In any business
setting, whether corporate, functional, business unit or product
line, a strategy exists either in a formal process via
documentation or through a shared agenda based on priorities. As
strategic partners, HR professionals should be able to identify the
practices that make the strategy happen. The process of identifying
these HR priorities which are called organizational diagnosis and an
audit process to determine the strengths
and weaknesses.
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