A 5-step template for CHROs to craft an effective HR strategy.
To plan and execute an effective HR strategy, CHROs must define priorities that align to business priorities and create value. However, only 29% of HR leaders state that their strategic planning process is fully integrated with the business' planning process.
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Today’s rapidly changing business environment requires HR leaders to continually adjust their strategies to keep up with changes in the business. Although HR leaders expend a lot of effort building strategic plans, the pace of business change has made it harder for them to keep up and understand what the business needs and how to adjust HR strategies accordingly.
Only 29%of HR leaders indicate that their HR strategic planning process is fully integrated with the business planning process. HR needs to be more proactive and more aligned with the business’s strategic needs.
HR leaders who are engaged in crafting HR strategy can use the HR Strategic Planning Template to establish a strategy that both satisfies their business’s needs and feeds into a wider organisation planning process. This resource offers guidance and tools for HR leaders to successfully take on the task of creating and updating their strategy so they can define priorities that drive enterprise success and create business value. The HR Strategic Planning Template will also help HR leaders create and communicate a clear action plan stating where the HR function is, where it needs to be, and how it plans on getting there.
As business priorities continue to evolve, HR leaders should continually evaluate their strategy to ensure it aligns with the organisation's overall strategy and business goals.
The strategic planning process can fail for a number of reasons, including a lack of visibility into business goals and inadequately defining measures for success. The volatile conditions in recent years also require measures to keep the strategy aligned as business needs change.
A strategic planning template can help you craft a clear, concise and memorable statement that captures the essence of the HR strategy. It also can help summarise the key objectives your function will focus on in the coming one to three years, so you can enable business strategy.