Implications of HR Planning of Strategic Goals

Running head: IMPLICATIONS OF HR PLANNING OF STRATEGIC GOALS
Implications of HR Planning of Strategic Goals
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1IMPLICATIONS OF HR PLANNING OF STRATEGIC GOALS
Executive Summary
Westpac is identified as the first bank in Australia. The company have been considered as one of
the biggest companies in Australia. It is the second largest bank of New Zealand. The company
have received constant favourable response form the market that they operate in. It can be said
their people centric approach is responsible for their efficacy. The company aims to provide
world class services to its clients by employing highly skilled individual. Furthermore the
company’s concern for the employees have resulted in satisfaction of the employees along with
growing level of inter-organisational communication. The company has realised the importance
of sustainability issues such as inclusion of people from diverse background irrespective of
ethnicity or gender. The aim of the paper is to highlight how the company have been successful
in doing the same while aligning their human resource planning effectively with their strategic
goals.

2IMPLICATIONS OF HR PLANNING OF STRATEGIC GOALS
Table of Contents
Introduction......................................................................................................................................4
Findings and Analysis......................................................................................................................4
The relationship between Strategic Organisational Planning and Human Resource Planning...4
Human Resource Planning and methods.....................................................................................6
Developing High Performing and global mind set Employees and Managers............................8
Conclusion.....................................................................................................................................11
REFERENCES..............................................................................................................................12

3IMPLICATIONS OF HR PLANNING OF STRATEGIC GOALS
Introduction
Westpac has been recognised as the first bank of Australia and the first overall company
of the country. It has also been recognised as the second largest bank of New Zealand (Kamber,
McDonald and Price 2013). They offer institutional, business and consumer banking solutions to
the market. The company aims to provide quality services to the community and the same is
addressed in the company’s mission and vision statement. It can be said that, the company has
succeeded in incorporating their human resource planning activities while formulating their
organizational strategies. Westpac have been a company who have been pioneering in
contributing to the society by employing sustainable services (Huang, Pepper and Bowrey 2014).
Workforce diversity and flexibility are some of the fields that the company excels in. By
productive use of the highly skilled HR personnel they have been successful in devising
strategies that help them to implement the objectives of the HR department with the strategies
that are taken up by the other managerial divisions. The paper will throw light on the relationship
that persists between strategic organisational planning and human resource planning within
Westpac. Additionally the paper will also highlight the methods that have been employed by the
aforementioned departments in achieving high performance and how its fairs in the global
context.
Findings and Analysis
The relationship between Strategic Organisational Planning and Human Resource
Planning
Strategic Organizational Planning is a type of organizational strategy by using which a
company intends to achieve their long term organizational objectives (Schoemaker, Day and