Strategic Human Resources Management: Key Performance Indicators and Workforce Planning

This presentation highlights the significance of strategic human resources management in achieving long-term organizational goals. It discusses the importance of identifying current workforce performance, determining future skills gaps, and preparing for different scenarios. It also emphasizes the need to build an effective team, communicate clearly with employees, and monitor progress through key performance indicators. The presentation concludes by discussing the role of HR management in ensuring sustainable growth and high performance of the company.

Consider long-term goals:
The talent management at
TESCO need to effectively identify their
overall organizational goals before
developing a workforce plan to keep
employee’s aligned with business
objectives.
Analyze current workforce:
The current workforce of
TESCO needs to be analyzed by talent
management to identify current
workforce performance and what the
organization requires to enhance its
performance.
Find future skills gaps:
The talent management
after analyzing its workforce has to
determine its future skills gaps to ensure
they can hire capable individuals in their
organization as previous employee’s
leave.

Prepare for different scenarios:
The talent management at
TESCO needs to anticipate various
scenarios in order to come up with
combination of attributes such as
retiring and re-skilling to avoid large
lay-offs in future.
Company culture:
The talent management at
TESCO needs to make sure that it
understand it organizational culture as it
has a huge impact on corporate values
and need to be considered while
developing workforce plan.
Monitor and adapt:
The talent management
needs to monitor the workforce strategic
plan in order to ensure it performance
optimally and efficiently. Moreover, that
the management is able to have the
ability to adapt relative to future
situations to avoid any hindrances.

Increase urgency:
The management at TESCO
needs to involve employees in its
process of decision making and strategic
planning in order to instill a sense of
urgency among employees to work
towards organizational goals.
Build guiding team:
The management at TESCO
needs to identify the correct set of
talents and individuals in order to
develop an effective team within the
business essential for a changing
organization to ensure efficiency.
Develop the vision:
It is important for the
management at TESCO not to just plan
but rather focus on innovations and
sentiments along with objective of
employees as well to develop a vision
for effective management change.

Communication:
In order for the
management at TESCO to promote
change it has to communicate clearly
and effectively with its employees. This
will assist with employees being aligned
with organizations objectives and core
values.
Empower action:
The management at
TESCO has to focus eliminating
hindrances by building an effective
feedback form employees in order to
understand their perspective on changes
being made. This will help instill
harmony within the workforce. Create short-term wins:
The management at
TESCO has to pay emphasis on shot
term winds rather than the final and
focus on small accomplishments in
order to keep the moral of employees
high which helps in effective change.

Implementing transformation:
It is vital for the
management to strengthen and transform
a portion of their organizational culture
as it will help the employees to adapt to
their new conditions and keep
effectiveness in the workforce.
Don’t give up:
It is crucial for the
management at TESCO to be patient as
changes take time and barriers are
inevitable. This makes it vital to be
persistent during the process for it to be
effective and optimal in its functioning.

Hire to value and invest:
It is crucial for the
management at TESCO to hire capable
and valued individual for their
organization to fit values of innovation,
compassion and establishing an
effective team-spirit as it will assist
them in increasing their retention rates
and build potential leaders which are
important for a sustainable business.
Promote from within:
The management at
TESCO in order to promote growth and
performance within its organization has
to determine weather to promote
employees from within the business for
new and higher positions or hire new
capable employees. This is important
as investing in employees is vital for a
sustainable business.
Create a long-term leadership solution:
The management at TESCO needs to focus
on creating long-term leadership solutions as it is an
essential way HR can provide support for sustainable
growth and performance of a business. The long-term
leadership solution will allow in establishing a talent
pool to bring valuable employees within the
organization.

Employee productivity rate:
This KPI is difficult to
measure but will assist the HR manager
at TESCO to evaluate the capacity of
growth in terms of production of human
capital for effectiveness.
Benefits satisfaction:
This KPI can assist HR
managers at TESCO to monitor and
evaluate their employee’s level of
satisfaction through survey and help the
organization to reduce its overall
turnover rate.
Employee engagement rate:
This KPI will enable the
HR managers at TESCO to effectively
monitor and evaluate employee’s
engagement relative to their
productivity, performance along with
assistance in reducing turnover.
Absence rate:
This KPI will assist the HR
managers at TESCO to monitor and
evaluate is HR strategy by effectively
identifying their employees absence rate
for better utilization of financial
resources of the organization.

Examine organizational health:
The KPIs will assist the HR
managers at TESCO to develop an
efficient workforce plan which will help
the management to evaluate health of
the organization and determine if it is
able to achieve its goals and objectives.
Track progress:
The HR managers at
TESCO will have the ability to track
their overall progress through effective
KPIs which will enable them to
understand if any changes need to be
introduced if their progress is declining.
Adapt to changes:
The KPIs will help the HR
managers at TESCO to develop an
effective and efficient workforce plan
which will be able to adapt to dynamic
business environment. Moreover, it
will help them in monitor and evaluate
the functioning of their developed
workforce plan in an optimal manner to
ensure sustainable growth and high
performance of the company.
Identify new risk:
The HR managers by
utilizing KPIs will be able to identify
threats in an effective manner by
evaluating and analyzing the overall
performance of their employees. This
will assist them in preparing for
different scenarios for workforce
planning.

From the above presentation it is concluded that, HRM plays an essential role within an organization
for its effective functioning and ensuring capable and highly valuable individuals are acquired for the
business. Moreover, how HRM enables a business to be sustainable relative to its growth and
performance in the long-run. In addition to this it was also observed how KPIs help HRM to monitor
and evaluating the HR strategies in order to ensure that their strategies are in line with organizations
goals and objectives. Furthermore, it helps in establishing that workforce plan is optimal in its
functioning within the company.

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