December 21, 2022
Tips for creating an HR strategy
New Year-New HR Strategy! We hope you've achieved the majority of your goals for 2022, but now it's time to set new ones!
Besides a throwback to HR trends that have market 2022, end of the year is the time to create a new HR strategy, one that will be in line with your new business goals. A well-defined strategy will be easier to implement and has higher chances of success. Always leave room for flexibility since you should always be prepared to adapt to unexpected events. There is no recipe for a perfect HR strategy, just guidelines, suggestions and tips to help you create the most appropriate strategy for your business. By implementing such strategy, you will be able to grow and manage your team in the best possible way. So, let’s get to the point.
Simple and effective- SWOT analyses
SWOT analyses is such a simple yet effective way of determining your current status. This is a good starting point when you are planning something new, such as your new HR strategy. SWOT is an acronym and stands for Strengths, Weaknesses, Opportunities and Threats. You simply write down everything you can think of for each category. Since you are using this for your HR strategy, this should obviously be focusing on your HR status. Know that 2 categories are reflecting your internal status- strengths and weaknesses, while other two are reflecting external environment- opportunities and threats. This complete overview of your current status exactly shows what you need to focus on that needs improvement and what is your stronger side.
Alignment with your business goals
Your HR strategy should be aligned with your main business strategy. HR goals should be set so that they help achieve your business goals. To create a proper HR strategy, you must understand the business and the environment you are in. Only then can you reach full potential of your human resources. Recruiting individuals who have similar set of values to your business’s is also something to think about not just their qualifications. Reaching organization’s goals will be easier when your own personal beliefs and goals are not conflicting.
Skillset evaluation and Development
A year is a long period of time and much can change. People come and go, and most often you have a few changes on your team. Evaluating their skillset will create a more detailed picture of your current status, and point out some pretty obvious decisions. Include performance evaluation as well. Now you will be able to create a more efficient recruitment strategy, and set development strategies for your existing employees.
Include investments in HR tech in your budget
A budget is an important part of any strategy. Besides the main HR budget, include a budget specifically for technology that will make your HR processes more efficient. Nowadays you have software and tools for almost any HR process. This technology is not only designed to take the workload off but to enhance the experience of your employees as well, from the recruitment phase and throughout their lifecycle in your organization. Investing in such tools pays off and allows you to focus on other aspects of implementing your HR strategy. Technology provides you with flexibility and agility, and will help you get over obstacles faster.
If you want your HR strategy to have long lasting effects, always include your employees’ wellbeing into the equation. It will increase the retention rate, boost productivity, create a stronger employer brand and help you in talent acquisition. Think of how you can help your employees achieve a work-life balance, and what is it you can do to boost their motivation. Food delivery bonuses are something new, adequate for the hybrid work, that employees appreciate. You don’t have to stick to mainstream bonuses and perks, think outside the box and come up with your own idea with your employees in mind. Always take the time to get to know your employees so that you can provide them with a better support. This isn’t a blueprint of what steps to take to create a perfect HR strategy. Creating a strategy is a complex thing to do, and you will probably need to adjust it along the way. If you are a startup that is growing, you should start thinking about your own HR strategy. We hope 2023. will be a successful year for you!