83% of employers believe that it’s hard to attract and retain talents. That tells many things about the necessity of strategic human resource planning.
To run your business successfully you must nourish your employees in the right way. Plus, make each of them an effective part of the company’s journey.
Unless you have a plan on how to recruit the proper individuals, and how to manage their course in the company, you can’t keep your talents. Either they will lose potentials or leave. Hence, sticking to a plan is always the best solution. A full-proof tactic depends on the information you collect for it and how you handle it.
In this post, we will show you how crucial it is to follow a human resource planning, and how to get benefits out of a perfect HRP strategy.
Strategic Human Resource Planning – at a Glance
According to Investopedia, HRP is continuous systematic planning that aims to achieve maximum use of an organization’s quality employees. It secures the best fit between the employees and jobs and reduces manpower shortages and overabundances.
So, rather than a concrete idea, HRP (human resource planning) is a running process. It emphasizes utilizing human resources to the most possible way to accomplish business goals.
The process covers every aspect of employee management. From interviewing, hiring, and onboarding to training, evaluation, promoting and distributing, every major or minor step is included in HRP.
It’s all about developing your employee experience with the job and company. Therefore, investing in a strong candidate experience improves the quality of new hires by 70%.
How HRP Works to Enhance Your Business Growth
Train people well enough so they can leave. Treat them well enough so they don’t have to.– Sir Richard Branson
Great employees make great companies. A strategic human resource planning follows some steps that determine the course of your business growth. But things often fell apart unless you are careful about the people who run all the activities of your business. Let’s take a look at how HRP works to propel your growth step by step.
Step One: Measuring Human Resource Needs
When you think of hiring new heads for any projects, do you have a clear idea of its necessity? It is possible that you already have a bunch of existing talents who can deliver enough support to fill the emerging needs. But how can you know?
As a human resource manager, it’s your job to find out the inner potentials of every employee you are managing. A strategic human resource planning starts working from this basic level. It helps to apply different techniques to learn about your teams. Some of these techniques are-
- Asking questions about the specific projects where you need new talents
- Ask the employees to self-evaluate themselves
- Inspire them to take new challenges
- Assign the interested individuals with demo projects
Hence, after you asses the present capacity of your existing workers, it will be easier for you to hire perfect fits according to exact demand. The process will save your effort, time, and most importantly a big chunk of your investment.
Step Two: Set the Goals of the Human Resource Department
This step deals with forecasting your future HR needs. Then set the goals of the HR department. Therefore, it’s crucial to set a layout that lets you know which accomplishment you want to achieve from your overall human resource activities.
The first step lets you know about your current situation. So, take it for a basement of your next move. Based on your current inventory and empowerment, you must make strategic assumptions about your future HR demands.
Below we are showing some of the assumptions that strategic HR planning helps you to make.
Learning Your Demands
You can learn how many employees you have and what are their potentials. This will give you a precise image of the requirements you must fulfill. For example, the number of your existing workers, how much they are accomplishing company goals, the investments, these all sorts of information let you forecasting your future human resource demands.
Find out Your Supply Capabilities
You must find out if you have enough supplies to maintain the cycle of the requirements. However, when you know how much manpower and investment you need, it will be easier to find out your supply affordability. A well-crafted human resource planning helps you to realize the financial situation and logistical state of the business.
Demands and Supplies
Integrating your demands and supplies is inevitable but risky. Therefore, it’s not a hard thing if you have an HR knowledge base. It will let you know how much do you have and what things you must get in the future.
Above all, to set up your HR goals, you should make quite clear assumptions and make your decision. Layouts that forecast your upcoming success in improving employee experience and team collaboration.
Step Three: Forming a Powerful Talent Management Strategy
Now that you know your HR demands and supply, in this step, you can form an effective talent management plan. It’s a tricky part because finding the right talents are never been easy. However, you have already gathered information about your HR situations. That leads you to understand the utmost potentials you aim to input in the business.
Initiating the Recruitment Process
In this step, you can start searching for talent. Your strategic human resource planning gives you the full resource to initiate the whole process. You will know how many employees you need to recruit, what should be their expertise, and how much you must invest. There are job posting platforms like indeed or professional networks like Linked-in to lessen your hurdles.
Select Probable Candidates
When you set the criteria and impose the exact qualities in a job posting, you can hope that only the interested people may apply to it. Hence, that may not be the case with every job announcement. However, from all the applications, your human resource planning lets you select the most probable fits nonetheless.
Hire the Near-Perfect Ones
After the primary selection, it’s time to start the interview process. There are several techniques to get resolve with interviewing candidates. So hire the right one and get along with the talents you think suits best for your organization.
Provide Training and Development Scope
Provide training to your new recruits so that they can cope up with the new responsibilities. The first step is the employee onboarding. Then give them respective training and room for development. It will cater to the new recruits positively, and they will gain a positive attitude towards the company goals.
Step Four: Guideline to Employe Recruitment and Evaluation Process
Here comes the importance to establish an HR guideline. A set of rules and regulations that will maintain employee evaluation and overall worker’s experience with the company.
This step accomplishes three tasks. They are –
- Manage Employee Performance
- Building Trust and Relationship
- Evaluate the Performances and Promote the Right People
You must establish an HR culture that believes in continuous evaluation. An environment that inspires all the individuals to grow with the company. When all of your HR elements are on the right track, you can find out either they are helping to achieve your business goals via profits, branding, employee satisfaction, and retention, etc.
Tools You Need to Streamline Your HR Information
The best way to build and execute a strategic human resource planning is to gather and manage HR information. You get to collect all the essential HR data in one single place, create a knowledge base, and utilize them to implement your plans. To accomplish the task, there’s no other way than using a powerful HRM tool.
As WordPress is nonetheless the most popular CMS around the globe. Here we’ve listed some of the most popular and affordable tools that can compatible with WordPress based websites.
- WP ERP – HR Management
- Business Manager
If talking about WP ERP, it is one of the very first WordPress ERP solutions in the marketplace that covers also the CRM, Accounting and Project management.
Some of the Top features of WP ERP HRM are-
- Manage all company information
- Add & list departments & designations
- Create employee profiles with editing privilege
- Manage holidays
- Manage employee leaves & leave policies
- Reports based on employee age & gender, headcount, salary, year of service, etc.
It is trustworthy and popular. Besides the quality, WP ERP HRM is a free plugin and have an immensely accessible customer support team. For more advanced features, you can always move on to a pro-plan.
Benefits of Strategic Human Resource Planning
Now that you know how to get benefitted from strategic human resource planning, let’s take a look into the top benefits this HR process can give you.
- It helps in retaining the top talents of your organization
- Find out the strength and weakness of your overall human resource method
- Help you develop a process that ensures the best hiring
- Build a plan that helps employees learn their responsibilities
- Evaluating the performances and individuals both
- Create an open office culture to express and share ideas
- Training and managing workers in an effective way
- Making essential changes and help the employees to cope up with them
- Keep evolving the human resource process to achieve goals and keep achieving
In a nutshell, HRP meant to get your HR management in the right lane to success.
Consider the scope of your business and your goals. If it isn’t going the exact direction, analyze all the facts that keep you away from the desired results. Most of the company face troubles handling their talents. Even sometimes they misjudged the right people at the right time. All these setbacks happen due to the lack of a proper strategic human resource planning.
So it’s your time to rethink your HR process. Furthermore, maybe you need to reshape it and keep doing the job. Each time with a more progressive set of strategies, and the perfect HRM tools in your forte.
Do you have any more ideas to share with us? Let us know in the comment section.