FORMULATING HR

STRATEGIES

Name: Sakshi Gaikwad

Roll no:43 MBA 2nd year
Submitted to: Dr.Pooja Upadhyay
FORMULATING HR
STRATEGIES
MEANING:
 The process of formulating HR strategy involves top
management level analysis, choices, decisions and
actions.
 Managers can formally develop the organizations HR
strategy.
 It is a process that is closely aligned to formulation of
business strategies.
 Strategy formulation is the process of offering proper
direction to a firm.
SOURCES FOR FORMULATION OF HR
STRATEGIES

 Internal HR practices
 Workshops
 Employees
 External HR practices
 Job applicants
 Managers
 External HR consulting company.
KEY STEPS FOR FORMULATION HR
STRATEGIES :

HR information gathering

Organizational development

HR workshops

HR managerial workshops

Preparation of the HR strategy

HR strategy feedbacks

HR strategy approval
1. HR information gathering:

The team has to complete the information about different

HR processes, their performance and their impact on the
profitability of the organization.

2. Organizational development:
The information about the development of the
organization in the past and its current status.
Each organization has several stages in its organizational
lifecycle and some trends in the organization are healthy and
some trends are extremely dangerous and can impact the
future profitability.
3. HR workshops:
When organization gathers input information then the HR
team has to organize the workshops.

4. HR managerial workshops:
The previous information goes to next level and HR
managers should talk about trends and topics, which should
be included in HR strategies.
5. Preparation of the HR strategy:
A dedicated HR sub-team has to prepare the report of the
HR strategy from the approved outcomes from the HR
managerial workshops. And that repost has to be strong.

6. HR strategy feedback:
The HR management team has to present the pre-final
version of the HR strategy to the fellow managers in the
organization and their feedback has too be appreciated and
fully and honestly discussed with the managers.
7. HR strategy approval:
The HR strategy has to be approved by the top
management as they are final customers of human resources
and they should fully agree with the way the HR wants to
operate in the organization within several years.
THANK YOU…