What are some tips for having an effective human resource management plan?
What are some tips for having an effective human resource management plan? First of all, it has to address the facts that business fortunes rise and fall periodically, employees and talent needs change and evolve, workforces age and retire in perhaps unplanned ways that do not match business needs. Also the market value of talent changes over time, sometimes becoming more valuable or less valuable. Business focus: Be a best business place to work, not just a best place to work. Create a human resource management strategy to live with throughout the business cycle. Test some alternative solutions assuming growth and shrinkage of the number of customers and their profitability. Reward people who have helped the organisation to succeed. Emphasize key skills: Mentor staff with the crucial business skills so that they grow and learn. While everyone is important, some people have skills which a business needs than do others. This means investing in the talent that is closest to the business’
