Analyzing HR Strategies: How SLAs Drive Improved Business Results

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Added on  2024/06/07

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This presentation provides an overview of various HR strategies and their impact on business performance, emphasizing the critical role of Service Level Agreements (SLAs) in achieving organizational goals. It begins by defining the characteristics of a good HR strategy, highlighting its ability to provide uniqueness and focus, and its sustainability. The presentation elaborates on the specific uses of HR strategies, including talent management, employee development, personnel management, reward management, and productivity maintenance. It further discusses the importance of SLAs in establishing mutual understanding between service providers and consumers, covering aspects like response time, quality, and efficiency. The presentation also touches on the need for effective SLA implementation across areas such as HC management, employee relations, and knowledge management. Finally, it categorizes overall strategies into high-performance, high-involvement, and high-commitment management, detailing how each approach contributes to organizational success. The presentation concludes by reinforcing the significance of HR strategies and SLAs in driving business outcomes.
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HR STRATEGIES
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Content
Introduction
A good HR strategy
Advantage of a good HR strategy
Uses of HR Strategy
Role of SLA in Business Performance
Need of effective implementation of SLA
Categories of overall strategy
High performance management
High commitment management
High involvement management
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Introduction
There is no great strategy only great execution”
In this section, the importance of the HR strategies has
been explained.
The role of SLA in business performance is also
discussed.
Different human resource strategies have been
discussed in this section.
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A good HR strategy
A good HR strategy defines:-
Human Resource Management (HRM) policies.
Organizational structure and procedures and how they must be
integrated with the various business plan.
Key elements of a good HR strategy:
Strategic objectives
Plan of action
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Advantage of a Good HR Strategy
Provide uniqueness and focus to the organizational processes.
(differentiation, focus)
They are tough to crack and difficult to copy
They are sustainable
5
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Uses of HR Strategy
Specific: focuses on specific areas
Talent management
Overall Development of employees
Personnel Management
Reward management
Maintaining productivity
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Role of SLA in Business Performance
Service level agreement (SLA) is a kind of contract between
the consumer and the service provider that contain the details
of services the organisation is providing.
SLA covers various business aspects, such as response time,
pace of the work, quality, efficiency, etc.
Establishes a mutual understanding between service provider
and consumer.
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Need For Effective Implementation
of SLA
HC management
Employee relations
Organization development
Resourcing
High-performance management
Corporate social responsibility
Employees’ Engagement
Knowledge management
Talent management
Learning and development
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Categories of overall strategies
Revolutionary approach of HRM.
Specific plans to develop sets of HR practices and set a
coherent HR system.
Categories are:-
High-performance management
High-involvement management
High-commitment management
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High-performance
management It affects organizational performance
It makes use of HPWS – high performance work systems for
different purposes as given below:-
Training and development
Performance management
Recruitment & selection
Reward management
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High-commitment
management In this, commitments are elicited so as to self-regulate the
behaviour instead of controlling it.
It forms organizational relationship based on trust.
Approaches to achieve commitment:
Career ladders and emphasis on trainability
Functional flexibility
Reduction of hierarchy, ending of status differentials
Reliance on teams: dissemination, structuring work
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High-involvement management
It defines the commitment and involvement of the
management against the bureaucratic control.
It treats employees as the partners.
It provides opportunity for the workers to control their work.
It assists in communication for mutual understanding.
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Conclusion
In the course of the presentation, the importance of a good
HR strategy was emphasized along with its uses.
In addition, the role of SLA in business performance was
elaborated.
Different human resource strategies had been discussed in
this section.
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References
Bryant, P. C., & Allen, D. G. (2013). Compensation, benefits and employee turnover:
HR strategies for retaining top talent. Compensation & Benefits Review, 45(3), 171-175.
Lang, P. T., Loarte, A., Saibene, G., Baylor, L. R., Becoulet, M., Cavinato, M., ... &
Gribov, Y. (2013). ELM control strategies and tools: status and potential for
ITER. Nuclear Fusion, 53(4), 043004.
Festing, M., & Schäfer, L. (2014). Generational challenges to talent management: A
framework for talent retention based on the psychological-contract perspective. Journal
of World Business, 49(2), 262-271.
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THANK YOU
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