Strategic Human Resources Management - Virtual Learning

Strategic Human Resources Management - Virtual Learning

Why Attend

In modern organizations, Human Resources (HR) cannot be limited to a mere implementation role. Its approach to managing the function needs to expand to become a strategic business partner. This course will help you learn about the tools and techniques used in drafting and developing HR strategies. It will also equip you with the knowledge and skills to translate such strategies into actions. Furthermore, the course will enable you to link the HR strategy to that of the organization and provide real value-adding HR solutions that you can present in a language organizational management understands.

Associations
Associations
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Overview
Course Methodology

This course combines theory with practical application of course concepts. Participants will engage in simulation exercises combined with round-table discussions of real-life situations, allowing them to gain a strong grip on the knowledge and skills presented in this course.

Course Objectives

By the end of the course, participants will be able to:

  • List the main cycles in human resources and the critical steps of each
  • Define strategic HR management and draft an HR strategy
  • Explain the vital Key Performance Indicators (KPIs), which should be constantly monitored in HR
  • Differentiate between types of turnover and determine how each should be calculated
  • Describe the main types of planning and budgeting approaches and how and when to use each

Target Audience

Human resources managers and senior professionals, specialists, team leaders, and business partners in the function who seek to broaden their knowledge and improve their skills in the key functions of HR as well as those who are responsible for evaluating HR and its effectiveness in the organization. This course is also suitable for those employees who are targeted for development or promotion within the HR function.

Target Competencies
  • HR Management
  • Strategic planning
  • Analytical thinking
  • Planning and organizing
  • Setting goals and objectives
  • Budgeting 
Course Outline
  • The Main Cycles in Human Resources (HR) Management
    • HR strategy cycle
    • Recruitment and selection cycle
    • Training and development cycle
    • Performance management cycle
    • Compensation and benefits cycle
  • Strategic HR Management
    • Situation analysis
    • HR visions and missions
    • HR strategic goals
    • Critical Success Factors (CSFs) in HR
    • Key Result Areas (KRAs)
    • Key Performance Indicators (KPIs)
    • Core competencies and core values
  • Measuring Human Resources
    • Measuring HR strategies: The main KPIs
    • Human Resources (HR) versus Human Capital (HC)
    • Return on Human Capital (ROHC) 
    • Human Value Added (HVA)
    • Other HR metrics
    • Employee satisfaction indices
    • HR scorecards and dashboards
  • Employee Turnover
    • Turnover versus attrition (gross and net turnover)
    • Turnover metrics and formula
    • Healthy versus unhealthy turnover
    • Turnover index
    • Analyzing turnover: Interpreting the data
    • Cost of turnover for organizations
    • Exit interviews
  • Strategic HR Planning and Budgeting 

    • Strategic planning

      • The how-how method

      • Various HR plans
    • The importance of budgeting

      • Approaches to budgeting
      • Budgeting for HR plans

         

Associations
Associations
Society for Human Resource Management (SHRM)

Meirc is recognized by the Society for Human Resources Management (SHRM) as a Recertification Provider. This recognition implies that participants who attend any of the SHRM approved programs delivered by Meirc Training & Consulting will earn a number of Professional Development Credits (PDCs) which will help them maintain their certification in SHRM-CP or SHRM-SCP.

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