Communicate your HR strategy easily with a clear, succinct strategy that shows the value and impact of the HR function and how it contributes to organisational success.
Human resource leaders distinguish themselves because they excel at formulating, articulating and executing a high-level people strategy in a way that maximises business success. One of the primary challenges for HR leaders is to help organisational leaders understand and digest in simple terms, how HR and people strategy are a critical element that drives business success.
Another key challenge for HR leaders is to avoid the temptation of diving deep into strategy documents — these are typically long, technical documents that are rarely looked at by people outside of the HR function. A one-page strategic plan is great tool to help HR engage business leaders in strategic business conversation by visualising the business model in a way that can be easily shared for collaboration across the organisation. From a one-page strategic plan, the strategy narrative evolves easily with a simple route from idea to action.
So the question is, how do you go about distilling your HR vision onto a one-page document that will help summarise, visualise and communicate the strategic plan? We have compiled a guide below in addition to a one-page HR strategy template that you can download and edit.
Today’s disrupted HR conditions make it even more important for strategic plans to be clear, measurable and communicable. Key components include the following:
Step one is to collaborate with business leaders and other company stakeholders to make sure you’re clear on the macro-organisational strategy and targets for the year ahead. After this, start to identify the key KPIs that relate directly to HR and achieving these stated targets.
We recommend tracking approximately 5-8 metrics to keep the plan easy to communicate. These could include desired retention rates, labour turnover rates and successor coverage rates.
Incorporate assumptions developed during initial scenario planning to better understand which of these relationships are highly reliable “truths” while others represent highly uncertain challenges that may be difficult to control or predict. Make sure the assumptions are solid, with quantifiable levels for tracking, and frequently track the assumption thresholds to watch for advanced warnings of a potential breach. A breach of one of these assumptions would trigger an urgent strategy direction correction.
An example of this for the coming year could be “Budgets for reward packages will increase in line with inflation (5.1%) for the coming year.”
At the core of your HR strategy will be the select key initiatives that drive focused but validated planning for the year ahead.
We recommend that these key initiatives should:
· Represent your agenda to direct the business, not just run the business
· Seek to create value in line, and complimenting the overall organisational strategy and business trajectory
After specifying the key HR initiatives, set criteria and dates for key target milestones and goals for completion.
An example of this could be: “Embed remote working and provide employees more flexibility given challenging work conditions post C19”.
Can you boil down the HR approach and strategy into one sentence? By boiling strategic planning down to only to the necessary elements and specific parts, you’re taking a waste-free planning approach. It enables a powerful and memorable summarisation tool for any presentation to stakeholders.
We recommend creating a statement to surmise the essence or core elements of a strategy, strive for a single aspirational sentence —be willing to sacrifice conciseness for clarity.
A high level, one-page strategic plan for HR can be a game changer when it comes to communicating the overall strategy succinctly to business partners all across the organisation. Looking for a sample template to tweak for your business? We got you!
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Step 1: Identify a few metrics or KPIs to describe the HR function’s current and target end state
Step 2: Document and track the key assumptions
Step 3: Identify key initiatives and targets required to move to the end state
Step 4: Craft a concise 1-line sentence that captures the essence of the HR strategy