HR Goals and Objectives

in 2013 (and future outlook)

About creative HRM

creative HRM

creative HRM is my flagship HR project for 2013. It covers a wide variety of different HR topics, starting with HR Processes, HR Management Practices and Procedures, HR Strategy, HR Transformation and other HR Management related stuff. Please, feel free to visit creative HRM.

Content

Content

•  Key HR Goals

–  War for Talents –  Innovations –  Performance driven Compensation –  Talent Development as a Key Competence –  Lean HR Processes

•  Future Outlook

Key HR Goals

HR Business Case 2013

•  The economic growth forecasted to be weak; slowdown in the USA and no recovery in Europe

•  Re-industrialization of the developed countries started

•  No strong overall income growth •  Increasing price competition and the war for the

market share; HR costs to be monitored and managed closely

•  Top talents still being a scarce resource •  Need for the recognition of top performers

contributing most to business results •  Lack of new leaders •  Simpler, quicker and cheaper HR Processes

required by the executive management

Key HR Goals and Objectives

Competitive Advantage

HR Goals and Objectives

War for Talents Innovations Performance

Based Compensation

Talent Development

Efficien

cy   HR  Ini,a,ves  

Lean HR Processes

War for Talents

•  The start-ups and innovative organization still hiring large numbers of talents from traditional and mature businesses

•  HR needs to:

–  Update the recruitment strategy –  Identify key colleges and universities to co-

operate with and introduce internship programs

–  Strengthen the internal recruitment process

Innovations supported by HR

•  Innovations become the key differentiator between successful and rigid organizations.

•  Supporting innovations and the creativity becomes the critical success factor for HR

•  HR has to:

–  Design processes to encourage employees to introduce innovations

–  Design the training for managers as they support innovations

–  Recognize innovations –  Limit the red tape

Performance Driven Compensation

•  The top performers have a higher impact on the business results, and the compensation policy has to support top performers and motivate others to reach challenging goals

•  HR needs to:

–  Review and update all incentive schemes –  Design and spread the collection of sales best

practices –  Update sales and hard skills training courses

Talent Development

•  Young talents and high potentials are able to take over managerial and specialized job positions. They are the key know holders for the organization.

•  HR has to:

–  Design and promote internal talent development programs

–  Incentivize employees to recommend talents for open vacancies

–  Allow quick career moves for the top talents

Lean HR Processes

•  Lean HR Processes make HR Department more responsive, cheaper and have a positive impact on the satisfaction of internal clients

•  HR needs to:

–  Introduce the regular HR Process Management

–  HR Dashboards: Design, monitor and take actions

–  Develop process management skills

Future of HR Management

Future of HR Management

•  Continuing pressure to focus HR Management on pure value added HR Processes

•  Continuing pressure to automate non-value added HR Processes and Procedures

•  Simplification and introduction of lean HR Processes

•  Supporting the business strategy and implementing growth oriented HR Strategies

•  Technical skills and technical university graduates will be most demanded resources on the job market

Download

Download this presentation

•  If you want to download this presentation, please, visit creative HRM by clicking on this link: Key HR Goals and Objectives 2013

•  The presentation is available in PDF format. The version in MS PowerPoint format will be available later during 2013.

Thank You

THANK  YOU  Visit  crea,ve  HRM  for  more  informa,on  about  

HR  Management.