Ready to implement strategic HRM within your business? Here are five ways you can start today.
1. Focus on the future
Strategic HRM focuses on future-proofing an organisation to meet its goals. To do this, businesses must develop an HR strategy that aligns with the business vision and supports the overall business strategy.
2. Review your workforce
A solid understanding of the workforce lies at the heart of strategic HRM. Without this, it’s impossible to understand what you need to change or keep to achieve business goals.
Workforce planning is an essential element of strategic HRM and focuses on getting employees with the right skills, in the right place, at the right time. Once you’ve understood your existing employee profile, you can start to build plans to hire new employees and nurture your existing workforce to ensure their talents can support your business goals.
3. Set measurable goals
Strategic HRM requires a range of measurable goals to ensure success.
These goals can include hard and soft but should be focused on details which support the organisational objectives. For instance, resourcing a new sales team with ten employees is easy to measure and gauge success for. But how will you measure a positive employee experience? It’s important to consider how each goal will be measured when you are in the planning stage.
4. Leverage HR software
Getting the right HR software in place can support a business as it moves towards strategic HRM. HR software can:
- reduce the administrative burden of traditional HR and free up employees to focus on value-adding and strategic tasks.
- provide clear insight into gaps and opportunities.
- allow HR professionals to track the success of initiatives and make changes as needed.
5. Continuous reviews
As with all strategic approaches, it’s essential to regularly check in with the wider business strategy to ensure they are aligned. Has the operating environment changed, and will this impact the success of a certain hiring initiative? By taking this approach you can ensure your business strategy is informed by the HR strategy as well as vice-versa. This may allow you to develop a competitive advantage that would otherwise have been unconsidered.
There’s no right or wrong way to incorporate a more strategic approach to HR into a business. By focusing on what you want to achieve in the future and agreeing what your future workforce should look like, you can start incorporating strategic human resources management techniques into your SME.