Strategic Human Resources Management

The main cycles in human resources management

• HR strategy cycle

• Recruitment and selection cycle

• Training and development cycle

• Performance management cycle

• Compensation and benefits cycle

Strategic HR management

• Situation analysis

• 'SWOT' analytical tool

• 'PEST' analytical tool

• 'PEDSTL' analytical tool

• HR strategy

  • Visions and missions

  • HR strategic goals

  • Critical success factors in HR

    • Key result areas

      • Key performance indicators

    • Core competencies

    • Core values

  • Measurement of each critical success factor category

Measuring human resources

• Measuring HR strategies: the main KPIs

• Human resources versus human capital

• Return on Human Capital (ROHC) and Cost of Labor (COL)

• Human Value Added (HVA) and Profit per Employee (PPE)

• Employee morale and employee satisfaction indices

• Other HR metrics

• HR scorecards and dashboards

  • The balanced scorecard

Employee turnover

• Turnover versus attrition (gross and net turnover)

  • Voluntary versus non voluntary separation

• Analyzing turnover: interpreting the data

• Cost of turnover for organizations

• Healthy versus unhealthy turnover

• Turnover index

Strategic planning and budgeting for human resources

• Strategic planning

  • Approaches to planning

  • Various HR plans

    • Workforce plans

    • Training plans

    • Project plans

• The importance of budgeting

  • Approaches to budgeting

  • Budgeting for HR plans