Aligning Your HR Strategy with Your Business Strategy
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Speaker : PETE TOSH
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When : Monday, September 09, 2024
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Time : 01 : 00 PM EST
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Pete Tosh is the Founder of The Focus Group, a management consulting and training firm that assists organizations in sustaining profitable growth through four core disciplines:
- Implementing Strategic HR Initiatives
- Maximizing Leadership Effectiveness
- Strategic Planning
- Enhancing Customer Loyalty
The Focus Group has provided these consulting and training services to manufacturing and service organizations across the U.S., Canada, Europe, and the Middle East. Pete has worked closely with the leadership teams of organizations such as Exxon, Brinks, EMC, State Farm, Marriott, N.C.I. YKK and Freddie Mac
Prior to founding his own firm years ago, Pete gained experience - at the plant, divisional, and corporate levels - in Human Resource and Quality functions. Pete held leadership positions - including the V.P. of Human Resources and Quality - with Allied Signal, Imperial Chemical Industries, Reynolds Metals, Charter Medical, and Access Integrated Networks.
Pete holds a B.A. degree in Psychology from Emory and Henry College and Master’s degree in both Business Administration and Industrial Psychology from Virginia Commonwealth University.
A business strategy is the course of action which assists your workforce in achieving specific business objectives. It is the plan leadership implements to secure a competitive position in its market. A people strategy serves as a lever through which organizations can rally their employees around a unified, forward-looking vision
The HR function, more than functions, engages in and affects the operation and execution of all business functions. HR functions intersect with the other business functions through talent acquisition, performance management, training and development, employee retention and engagement, etc. Therefore, properly aligning the HR strategy with the organization's business strategy is critical to achieving the organization's mission.
In today's dynamic business environment, HR's role transcends a set playbook. It is about bridging the gap between HR practices and the organization's unique needs. By customizing strategies and collaborating closely with business leaders, HR can evolve into a driving force behind the company's continued success. Aligning HR strategies with the heartbeat of the organization leads to a prosperous future.
Aligning HR with the business strategy is essential for unlocking productivity, sustaining growth, and achieving corporate objectives. Today’s HR professionals can be crucial partners assisting the business in achieving its goals through aligned HR processes
Areas Covered
I. Utilizing a Strategic Frame of Reference
- Being a Strategic HR Leader
- Drafting Your Team’ Mission
- The Two Key Business Objectives
- Everybody Has a Customer
- HR Providing Greater Value
- Utilizing a SWOT and Then Applying a Filter
- Completing Your Team’s Customer Report Card
- Utilizing an I/P Matrix
- Five Most Important Dimensions of HR Service
- Drafting Your Team’s Vison
II. Aligning Your HR Processes with Your Business’ Strateg
- Organizational Success Factors – with Samples
- Employee Competencies – with Samples
- Utilizing Your HR Processes to Achieve Your OSFs through Employee Competencies
III. Developing an Organizational Succession Plan
- Succession Planning Defined - Why Bother?
- career Planning Interviews
- Performance Management – Identifying Promotability and Readiness
- Assessment Instruments
- GE 9-Box Grid
- HiPo Development Interventions
- Talent Review Meetings
- Stay Interviews
IV. Utilizing Metrics to Gauge Your HR Processes
- Benefits of HR Metrics and Dashboards
- What is Measurement
- Determining What to Measure Within HR
- Five Ways to Measure Any HR Process
- Ten HR Metrics That Impact Your Business’ Strategy
V. Three Questions Defining Your Success at Aligning Your HR Processes
Course Level - Intermediate
Who Should Attend
HR Manager or Director, CHROs, CPOs, HR Mid-level Managers, HR VPs, and C- Suite Executives
Why Should You Attend
Any business strategy consists of defined goals and initiatives that map how the business will utilize its products and services to compete. But to successfully execute a business strategy, each function within the business needs to align its departmental strategy with the overall business strategy.
And HR intersects with all other departments, making it a most vital part of any business strategy. As any business strategy changes, there will be effects on its people strategy. As a business’ priorities evolve, so do its people priorities
Given the rapidly changing nature of business, HR does not want to operate in a silo. Organizations that weave their HR processes - such as recruitment, compensation, retention, and training - into their overall business strategy gain a competitive edge setting them up for long-term success
Additionally, HR initiatives must be strategically timed to meet specific business needs - rapid growth, stability, or transformation - at various times.
And by understanding their internal customers’ goals and challenges, HR can ensure its objectives align seamlessly with their customers’ priorities.
Implementing a system for measuring and reporting the impact of HR initiatives, coupled with a feedback loop involving business leaders, ensures a continuous cycle of improvement and alignment. Data-driven insights are key to HR's decision-making process. By leveraging analytics and feedback mechanisms to continuously evaluate the effectiveness of HR programs and policies, HR professionals can make any necessary adjustments in real time - instead of just adopting standardized HR programs
The dynamic business landscape of today demands more than traditional HR practices. This online seminar delves into the critical intersection of human resources and organizational strategy – with some of the key takeaways being:
- Strategic Alignment – using multiple techniques and tools for aligning HR goals with the broader organizational strategy. Uncover the intricacies of forging a powerful, constructive collaboration between HR initiatives and business objectives
- Maximizing Human Capital - applying initiatives to identify, develop, and retain top talent
- Data – utilizing HR metrics that effectively measure the impact of HR strategies on business outcomes and influence key performance indicators
Topic Background
This online seminar will provide:
- Proven methodology for developing and implementing a strategic HR plan linked to and supporting the organization’s business plan
- Models, techniques and initiatives for HR professionals to use in synchronizing their HR strategy with their organization’s strategy
- Means by which HR professionals can provide even more value to their organizations as strategic leaders
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$160.00
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