Strategic HR Planning Report: Myer Corporation Analysis and Strategies

This report provides an analysis of human resource strategic planning within Myer Corporation, an Australian retail firm. It examines the importance of various elements in developing HR plans, including consultation with managers, collaboration with stakeholders, alignment with organizational values, clearly defined objectives, achievable strategies, cost-benefit analyses, technology integration, and risk management. The report also highlights the significance of forecasting human resource requirements, developing talent strategies, and evaluating the overall plan to ensure alignment with business objectives, particularly in the context of recovering from the impacts of the COVID-19 pandemic and expanding business operations through strategic hiring and improved workforce capabilities.

Manage Human Resources
Strategic Planning

Table of Contents
Introduction.................................................................................................................................................3
Main Body...................................................................................................................................................3
Company overview......................................................................................................................................3
Explain why the following are important when developing HR plans -.......................................................5
1. Consultation with relevant managers regarding their human resources requirements..................5
2. Consultation and collaboration with relevant others......................................................................6
3. Agreement on the organizations human resources philosophies values and policies with relevant
managers.................................................................................................................................................6
4. Clearly articulated objectives and targets........................................................................................7
5. Achievable and relevant strategies..................................................................................................7
6. Cost benefit analyses of proposed strategies..................................................................................7
7. The need to identify technology and systems that will support human resources programs and
practicescurrent and new........................................................................................................................8
8. Risk management plans and contingency plans that support the strategic HR plan.......................8
9. Why is it necessary to conduct a cost benefit analyse.....................................................................8
Conclusion...................................................................................................................................................9
REFERNCES................................................................................................................................................10

Introduction
Human resource strategic planning is considered as the strategically technique which ensure the
organization to meet the strategic objectives and goals. The main concern of HR strategic
planning is to maintain the present requirement and improve the working conditions and
operations. This strategic planning is maintain the best fit between the employees and the job
role and helpful to analyze the right candidate with the effective skills for the right job at the
right time. The primary motive of this assessment is to analyze the HR planning and strategies of
Myer organization which is well organized retail firm that established in the year 1900 and it's
headquarter situated in Dockland , Australia. The prime purpose of this assessment is to maintain
the HR strategic planning and analysis the HR requirements. This project will also help to
determine the HR philosophies, values & policies. Moreover, cost benefits, technological system,
risk management plan, cost benefits analysis will also cover in this project.
Main Body
Company overview
Myer is the considered as the famous corporation in the Australia which is offering their
goods and appropriate services various locations and maintained their business operations
properly. Company established this organization with a specific motive that is provide high
standard of goats at a convenient price and target more customers so that they can take advantage
of company's valuable goods and services and maintain good market growth. Myer is dealing
with various product lines such as Women’s wear, men’s wear, beauty, electronics, toys, house
wares and many others. As per the recent data, more than 14000 employees are working in this
organization and delivery the effective value of their work. Human resources strategic planning
Strategic Human Resource planning
Myer is the well known organization and its market value is also up but due to the Covid 19
pandemic situation , organization experienced numerous adverse situations so now company is
planning to improve their market effectiveness and recover the loses of pandemic. Company is
looking forward to extend their current HR operations for the future purpose so that company
can effectively extend their business operations. As per the small scale market research, Myer
analysed that company need to expand their business in to the local & niche market so that

company can cover the local areas and communities and accumulate them their better quality
goods via online , offline methods. Company is planning to start home delivery services to their
customers so that they can get goods in their convenient time. In order to fulfill all the
requirements of their new plan, manager decided to conduct “human resource strategic
planning". Through this strategic planning, HR manager can effectively hire high potential
candidates and workers who can understand the requirements of this plan & with their skills,
competencies and knowledge; they can make business expansion operations successful (Abu-
Naser, and.et.al 2017). Myer HR manager extend their recent HR operations and connect with
the more potential employees who are capable to fulfill the requirement of current job role. With
the help of advanced level of HR operations, company can effectively improve the workforce for
their future purpose. HR manager can properly follow recruitment process in order to appoint top
talent and prepare a team so that all the selected candidates can become a part of the new project
and provide their best contribution in the development of the plan. Through HR strategic
planning, Myer manager can appropriately anticipate specific plan for change, company can
make their current & future demand , improve strategic hiring process, decrease hiring cost,
analyze gap in the Talent chain, align HR with the business strategies. There are various steps
are involved in the human resource strategic planning which are considered by the Myer in order
to improve the effectiveness of their plan. Explanation about all these steps is as follows -

Access current human resource capacity - This 1st is type is all about analyze capacity
criteria of the current staff members before making any kind of decision to hire new
candidate. It is mandatory for the HR manager to understand the Talent which company
already has. HR manager of Myer can prepare a list and categorized strong and weak
performer so that they can select strong candidate for their plan and provide training
sessions for weak performer so that they can effectively improve their skills and
competencies. As per to identify the employees capacity, HR manager use appropriate
techniques such as review the past performance, questionnaire method, evaluation
method. Myer company want to extend their HR operations so company is looking for
high talented employees who can work properly in order to expand their business (Adler
and Ghadar, 2017).

 Forecast human resource requirement - In Order to maintain the organization situation
and improve their business operations, it is mandatory for the manager to forecast the
human resource requirement. HR manager of Myer need to forecast the requirement of
their workforce and provide them satisfactory outcomes so that motivation level of the
employees will increase which can improve employee retention. Happy and satisfy
employee will remain in the organization for longer period of time so that IT manager
can effectively fulfill the future requirement (Al Shobaki and et. al., 2017). The main
motive of the company is to prepare a strategic HR plan is that company want to make
strong workforce so that company can effectively analyze the demand and supply for
future purpose.
 Develop talent strategy - After Forecast the human resource requirement, it is
mandatory for the HR manager to developer talent strategy. Talent development is
considered as the prominent part of the strategic planning process which can maintain the
competencies and capabilities of the staff members so that they can actively participate in
their job role (Aymen, Alhamzah and Bilal, 2019).

Review and evaluate - This is considered as the last step of the strategic HR planning
which can determine that company need to evaluate the plan and strategy so that
company can effectively octane the goal. HR manager considering various factors like
managerial operations, profit maximization, employee retention, employee development
(Bailoa and Cravo, 2020).
Explain why the following are important when developing HR plans -
1. Consultation with relevant managers regarding their human resources requirements
In order to enhance the business operations and gain more profitability, there is a
requirement to consult with the relevant managers regarding with human resource requirement.
Manager of Myer consult and also communicate with the individuals, employees, group
members. Consultation is containing as the key which is useful to develop the cooperative &

productive partnership in the operational areas and unit. Company can effectively undertake the
consultation with the manager in order to extend the HR operations and HR responsibilities so
that company can achieve the business objectives (Bryson, 2018). HR manager consult with the
line manager because line manager containing appropriate development and training options. HR
manager need to show some involvement & commitment with the line manager to identify the
HR services which require effective HR strategies. Manager need to consult with the other areas
managers so that they can actively participate in the extent HR operations so that company can
effectively expand their business.
2. Consultation and collaboration with relevant others
Consultation and collaboration is necessary for the manager because it can helpful to enhance
the health & safety concerns, share views, consider the opinion of the others, improve devious
making process. HR manager of Myer collaborate with other staff members and identify the
current requirement of the organization and also formulate most suitable strategy for the extent
HR operations in order to expand the business. Manager needs to consult and collaborate with
the key participative members so that they can accomplish their task in time. Myer manager can
consult with the experts so that they can effectively get the proper guidance so that manager can
effectively maintain their functional units and regulate their operations. Manager of the Myer can
maintain consultation and also collaboration with the top brands so that company can fulfill the
human resource requirement and work with the top talent so that they can provide their services
to prepare an effective strategy for the success of HR strategic plan (Khandekar and Pence,
2017).
3. Agreement on the organizations human resources philosophies values and policies with
relevant managers
Human resources philosophies, value & policies are playing a significant role in order to
maintain the effectiveness of the organization. HR manager is responsible to maintain the
philosophies, policies and value so that manager can appropriately conduct strategic planning
process and show their involvement in the HR operations and activities of the company. HR
manager of the Myer needs to consider the specific consideration of philosophies, value and also
policies which can useful to make an effective working condition which motivate the employees.
Philosophies, value and policies can formulate specific criteria that can maintain effective plan

and evolve the performance level of staff members. Through specific values and philosophies,
company can enhance the internal and external situations and improve their market growth rate
(KORNELIUS and et. al., 2021).
4. Clearly articulated objectives and targets
The prime objective of the company is to improve the business operations of the organization
so that company can even recover the losses of Covid pandemic. Company can improve their HR
working operations and hire top talent which will improve the effectiveness of the organization.
The main motive of HR manager is to provide the advanced level training session to their
workforce so that they become ready for the business expansion process.
5. Achievable and relevant strategies
A proper plan and achievable & relevant strategies are required to manage the requirement of
the strategic human resources management plan so that manager can effectively achieve their
operations related with the business expansion. HR manager of the company needs to apply
market development strategy in order to extend their business operations (Kuqi and Elezaj,
2019).
6. Cost benefit analyses of proposed strategies
Company need to consider the cost benefit analysis for their proposed plan which can useful
to quantifying the specific task. Cost benefit analysis is containing as the systematic method
which can helpful to estimate the overall cost of the business operations and expansion process.
Through this analysis, manager can effectively make an investment, prepare budget, estimate the
cost and take appropriate and suitable financial decision.

7. The need to identify technology and systems that will support human resources programs
and practicescurrent and new
In this model era, technologies are taking a wider place in every sector and improve the
effectiveness of the organization. HR manager also utilize technologies and structural system in
order to manage maintain their business expansion process. In company, an advanced software
system utilized by the HR manager in which manager is maintaining the each and every
employee’s portals and updates them about companies policies, procedures, plan and strategies.
Through technology and structure system, manager is appropriately providing guidelines and
circulates information (Papke-Shields and Boyer-Wright, 2017).
8. Risk management plans and contingency plans that support the strategic HR plan
Is management plan is considered as written document which determine specific details that
can useful to manage the company risk management process. Company can utilize risk
management plan because it can useful to analyze and review potential risk which company can
face in their business expansion plan and also extend HR operations activities. There are four
components can be utilized by the manager such as risk identification, risk measurement, risk
assessment, risk monitoring, risk mitigation, risk reporting & risk governance (Porter, 2020).
9. Why is it necessary to conduct a cost benefit analyse
Cost benefit analysis is helpful to simply the critical and complex decision related with the
project and new plan. This analysis is useful to determine the unpredictable situation and also
help to figure out fluctuating situations which company can face related to the financial and
investment.
Cost benefit plan is suitable and beneficial for the company because it can useful to
determine the situation so that company can effectively takes an appropriate action related to the
financial investment. In order to evolve the business expansion process, manager can adopted

both risk management plan and contingency plan because both plan is appropriate and maintain
the structure planning process and implementation (Rafailov, 2017). Manager need to submit the
plan to the management department and also risk management department so that they can
effectively forecast of all the situation and take appropriate decisions.
Conclusion
On the basis of this report it can be concluded that, it is necessary for the HR manager to
manager strategic human resource planning in order to improve their market position and gain
more profit advantages. This report discussed about the strategic plan in which company want to
extend their human resource operations so that company can effectively maintain their business
expansion operations.

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