Manage Human Resources Strategic Planning

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