Developing an Effective HR Strategy
  • Business, People, and HR Strategy
  • Business Strategy: Pattern in a stream of decisions 
   where those decisions are about where, how, and with 
   what to compete.
  • People Strategy: Answers who is important to the 
   business strategy, why are they important, and how 
   can they be leveraged to create competitive 
   advantage?
  • HR Strategy: Provides a roadmap for how the activities 
   of the HR Function will support the execution of the 
   strategy by having the right people in the right places 
   doing the right things at the right cost
  Strategic Human Capital Management
  • What is Strategic HCM?
  • Strategic HCM consists of defining, designing, 
   developing, and delivering competitive 
   advantage through people
                             Operations               Strategy 
                               (Doing)               (Deciding)
                                                                            Business
                                    er               De
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                                   li                  n
                                  e                     e
                                 D
                                 D                       eD
                                  e                    gis
                                  v                   n
                                   e
                                    lo
                                     p
                                                                            HR Function
                             Operations               Strategy 
                               (Doing)               (Deciding)
                                                                            Business
                                                     De
                                                       fn
                                                        e
                                                                            HR Function
          Defne
  • Defining consists of helping business leaders 
   to identify the people implications of the 
   business strategy including key talent pools 
   (which jobs/people are critical to the 
   successful execution of the strategy?) and key 
   people issues (competencies, retention, 
   engagement, cost)