Session 1 – Review Human Resource Functions
Strategic Plans A Strategic Plan is a comprehensive plan in relation to the organisation’s goals and objectives. A Strategic Plan is usually developed with a period of 3 to 5 years in mind. The Strategic Plan should include the overall Mission, Vision and Values (covered later in this material) of the organisation along with targets for the accomplishments the organisation expects to achieve. The Strategic Plan should outline specific measures that will be used to evaluate progress towards achievement of those targets. A Strategic Plan highlights the above information to ensure that all stakeholders understand where the company is heading and how it intends to achieve its targets. Stakeholders can be anyone who has an interest in the company such as Shareholders, Management and Employees. It is common in some organisations for the Human Resources department to have their own Strategic Plan which is developed in line with the organisation’s overall Strategic Plan. For example, in the Strategic Plan of a retail organisation, plans to expand the business by opening one new store per year are outlined, the Human Resources strategic plan should detail how the HR department intends to meet the demands through initiatives such as recruitment and succession planning. Within the Human Resources strategic plan there may also be areas covered such as injury management, performance gaps, reviewing policies and quality assurance for HR services.
Visit the ‘Citistores Business Documents’ folder in Blackboard and review the Citistores Strategic Plan Operational Plans An Operational Plan is a short term plan that is derived from the overall strategic plan. The Operational Plan outlines the day to day running of the business. Initiatives outlined in the Operational Plan should be developed with the intention of contributing to organisation’s Strategic objectives. Similar to the HR Strategic ...
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