HRM Strategic Analysis
https://www.linkedin.com/in/etienne-pretorius
By Etienne Pretorius
Strategic analysis is the process of gathering and analyzing information about an organization’s internal and external environment in order to identify opportunities and threats, and to develop strategies to achieve the organization’s goals. Human resource management (HRM) is the process of acquiring, developing, and maintaining a workforce that can help the organization achieve its goals.
Strategic analysis can be used to inform HRM decisions in a number of ways. For example, strategic analysis can be used to:
- Identify the skills and competencies that the organization needs to achieve its goals.
- Develop recruitment and selection strategies to attract and hire employees with the required skills and competencies.
- Develop training and development programs to help employees develop the skills and competencies they need to be successful in their jobs.
- Design compensation and benefits programs that are aligned with the organization’s strategic goals.
- Create a work environment that is supportive of employee engagement and productivity.
By using strategic analysis to inform HRM decisions, organizations can ensure that they have the workforce they need to achieve their goals.
Here are some specific examples of how strategic analysis can be used to inform HRM decisions:
- A company that is expanding into a new market may need to hire employees with specific language skills or cultural knowledge.
- A company that is introducing a new product or service may need to train employees on how to sell or service the product or service.
- A company that is facing increased competition may need to implement changes to its compensation and benefits programs in order to attract and retain top talent.
By using strategic analysis to inform HRM decisions, organizations can ensure that they are making the best use of their resources and that they are building a workforce that is equipped to help the organization achieve its goals.
Here are some of the benefits of using strategic analysis in HRM:
- Increased employee engagement and productivity: When employees feel that their work is aligned with the organization’s strategic goals, they are more likely to be engaged and productive.
- Reduced turnover: Employees who are engaged and productive are less likely to leave the organization.
- Improved decision-making: Strategic analysis can help organizations make better decisions about hiring, training, compensation, and other HRM issues.
- Increased competitiveness: By using strategic analysis to inform HRM decisions, organizations can improve their competitive position.
Please contact Etienne Pretorius so that he can discuss a retainer agreement with you.
+27 82 513 6150
aepretorius@pbcgroup.co.za