Is the HR Department creating the right value to the company? 3 big steps to figure out that!
According to Vietnam National Information on Business Registration, in the first 2 months of 2024, the whole country had 62,977 businesses withdrawing from the market, an increase of 22.5% over the same period in 2023 and the majority were capital enterprises under 10 billion VND.
Besides that, an international research from Asia Pacific report found that 63% of Asia Pacific CEOs are not confident about their company’s long-term viability, despite most of them (97%) having taken steps towards business reinvention. (Asia Pacific Report)
Therefore, facing the business challenges in 2024, is the HR Strategy valuable and strategic enough to create the transformative workforce and get the business breakthrough??
VSHR Pro Academy creates a "Smoke Test", which is a preliminary or sanity test that identifies basic flaws, issues, or strengths and weaknesses in a group. The goal is identify the gap of workforce growth, and figure out the suitable solution to make the business work effectively:
Step 1: Identify the unification between department and business’s strategy:
Click here to download the template: Smoke Test Template
After finding the gap, the HR Department needs to define “What are the mission needs changing and how to change them?”. Therefore, we move to the second step:?
Step 2: How is the HR department in people's eyes?
Step 3: Develop a better HR strategy that aligns with the organization's goals.
CHRO can create a robust and strategic HR framework that not only meets the immediate needs of the organization but also contributes to its long-term success by following main 5 big steps:
1. Strategic Alignment: Understand Business Goals and Engage Stakeholders: Collaborate with leaders to identify needs.
2. Assessment and Planning:
???- Conduct HR Audit: Assess current practices, talent, and metrics.
???- Develop Strategic Plan: Create clear HR strategy with goals and KPIs.
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3. Talent Management and Development:
???- Focus on Talent: Attract, retain, and develop top talent.
???- Develop HR Team: Invest in skills and capabilities of HR professionals.
4. Implementation and Optimization:
???- Align HR Activities: Ensure HR supports company goals.
???- Utilize Tech and Analytics: Invest in HR tech for efficiency and insights.
5. Communication and Adaptation:
???-? Monitor and Adapt: Measure progress, gather feedback, and adjust.
???-? Communicate Effectively: Ensure clear communication and education on HR initiatives.
Let’s make your own test and share with us your result, we will provide consultation to support your workforce transformation:?
In May of 2024, VSHR Pro Academy organized? “VSHR Pro Research and Lunch Day” to share Workforce Growth Insight and Workforce Transformation in 2024 for HR Leaders.?
Empowering HR Directors to make workforce more Productive, Effective and making companies more Profitable
11 个月Those downloadable tools are very useful!