{"id":3176,"date":"2021-11-22T10:05:36","date_gmt":"2021-11-22T10:05:36","guid":{"rendered":"https:\/\/news.sap.com\/india\/?p=3176"},"modified":"2023-08-14T18:10:45","modified_gmt":"2023-08-14T18:10:45","slug":"strategic-hr-planning","status":"publish","type":"post","link":"https:\/\/news.sap.com\/india\/2021\/11\/strategic-hr-planning\/","title":{"rendered":"Strategic HR planning: The crucial step in organizational growth"},"content":{"rendered":"

When HR moves away from the traditional siloed approach and takes on a more proactive and decisive role in organizational growth, there are visible results. This is especially true in the post-pandemic scenario, where Chief Human Resources Officers (CHROs) and HR managers are key to attract top-notch, scarce talent.<\/p>\n

Consider this: Global information services company Experian faced unusually high levels of turnover, about 4-5 percent higher than average. Rather than a typical reactive approach, the company\u2019s HR team responded in a unique way.\u00a0They built a predictive model with 200 attributes<\/a>, including team size and structure, manager performance, length of commute, and other factors contributing to the flight risk.<\/p>\n

This model was rolled out across multiple geographies, and the results were stunning! Some interesting insights gleaned from analytics – when a team member moved away from the office, it increased the chances of quitting. When such insights were combined with best practices, the attrition rate was lowered by 2-3 percent over an 18-month period. This not only improved employee efficiency and morale but also saved the company nearly $10,000,000.<\/p>\n

Moving from reactive to proactive<\/strong><\/p>\n

Clearly, an HR management system that centers around uniformity and bureaucracy will be rendered obsolete in the post-pandemic era. Taking its place should be a strategic human resource planning model that is flexible, responsive, and built around the future of work: Increased connectivity, rapid automation, lower transaction costs, and workforce demographic shifts. But to embrace this new human resource management model, senior HR managers and CHROs must reimagine the core tenets of their practice and have a strategic approach to staffing. Here\u2019s how:<\/p>\n

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  1. Gain a deeper understanding of company objectives, purpose, and culture<\/strong><\/li>\n<\/ol>\n

    CHROs need to build a culture where all employees understand the \u2018why\u2019 of the business and how it connects to the big picture. But for this, people leaders themselves need an in-depth understanding of the organization\u2019s culture and overarching values. They need to ask questions such as:<\/p>\n