HR Planning Report Jyoti Priyadarshini 805803145
Elements of Effective HR Strategy ____________________________________________________________
Microsoft: Knowledge Fuel of the Technology World_______________________________________ 2 HR Strategy at Microsoft ____________________________________________________________
Recruitment and Selection: Attracting the Best and the Brightest ___________________________________ 5 Taking advantage of Market Conditions ________________________________________________________ 6 Employee Motivation ____________________________________________________________
__________ 6 _ Employee Satisfaction and Loyalty ____________________________________________________________
7 Employee Rewards: The Options‐driven Engine _________________________________________________ 8 Growth & Acquisitions ____________________________________________________________
__________ 9 SWOT Analysis ____________________________________________________________
Reshaping Microsoft’s HR Agenda _____________________________________________________ 9 Conclusion ____________________________________________________________
Human Resources Department at any organization is a crucial and indispensable part of the operational strategy1. It can directly affect the results of the organization, and make a very important difference between the success and failure of any organizational strategy or goal, both in the long and well as short term. An efficient HR department should be able to access, forecast, predict, design, and implement its strategies in direct sync with the business goals and strategies of the organization for a mutual and coherent environment, or completely fail at one or more steps to create imbalance and instability within the organization. With the 1 EE Lawler III ‐ Asia Pacific Journal of Human Resources, 2005; Creating high performance organizations’; 12 – 14
present economic cycle of recession2 at probably its worst for close to 15 years, it is all the more important for the HR department to act as a strategic partner of the business, so as to ensure that the long term and short terms visions and goals of the organization from the financial and human capital perspectives are perfectly aligned and harmonious. At the same time, an efficient HR department can also help in accurate environment scanning and forecasting, and use its knowledge and resources for near‐exhausting set of scenarios for the organization to plan for.
Elements of Effective HR Strategy
Organizational Strategy • Vision, Mission, Competitive Advantage • External Assessment • Internal Assessment • Objectives, Initiatives and Goals HR Strategy • Practices to Attract, Motivate and Retain employees to achieve goals • Strategic Integration, Employee Committment, Workforce Flexibility, and Quality of Goods and Services HR Functions • Practices to ensure compliance and efiiciency goals • Related and aligned efforts oganized to produce intended results Results
Before3 selecting a strategy or transitioning into a new one, it is important to study the organisation's business goals and its competitiveness in the industry.
Microsoft: Knowledge Fuel of the Technology World
Microsoft is considered by many to be an ideal place to work. The company has won several awards for innovation, for their commitment to diversity, and for their flexible work arrangements. It has always been a ...