Organizational skills Gap

There are many aspects that go into the making of a company. Whether it is hiring the best talent, increasing revenue, maintaining the lead in the market or defining which processes to follow internally, all of these require a lot of forethought and careful planning. In order to meet these demands and anticipate future requirements, all companies endorse a strategy – an account of a course of action that is future oriented and which constantly aims for change.

Change is good. In this dynamic market, any company that stagnates loses out to its competitors. Change is what defines success for a business, and what causes a company to embrace change is strategy management. Most companies have a strategic plan in place in order to meet their missions and objectives successfully. By linking it with their HRM, organizations can make human resource decisions now that will help them support the direction of the organization in the future.

Strategic HR planning is an important component of organization's human resource planning. In the simplest terms, it is the process of linking your company’s human resource function to the strategic objectives of your organization so as to improve performance. It integrates all the management principles and systems of HRM which are in place, with the overall strategy and mission of the company, while at the same time meeting the needs of the customers and stakeholders.

Beyond its obvious benefits, strategy planning has another, bigger benefit – it influences the intangibles. According to analysts, more than 65% of a company’s stock price is made up of intangibles like brand value, innovativeness, culture and reputation. All of this is a direct result of Strategic HR planning. This is because one of its main functions is to ensure that there are adequate human resources to meet the goals of the organization i.e. the right people possessing the right skills are available at the right time. It acknowledges that intellectual capital is a major competitive advantage, and it is the people of the organization that implement the strategic plan. It considers any people issues that affect the strategic plan of the organization (or are affected by it), including leadership and positive labor relations.

In order to implement these strategies and help drive changes in the workplace, companies often call upon the services of consultants. Due to their specialized knowledge in this field, organizational development consultants help businesses solve problems and accomplish their goals. They are independent experts who recommend changes in an organization by analyzing the corporate environment in order to improve employee morale and boost efficiency. They offer advice and leadership in strategic planning and development. After all, it is in every company’s best interests to invest wisely in influencing their human capital strategies.

Cerveausys Strategic Consulting Pvt. Ltd. is a premier strategy management consulting firm based in Pune which specializes in Organizational Efficiency and has assisted numerous organizations by instituting value propositions across the management through innovative organization development tools, solutions, and services. To connect and know more about the services of HR and OD consultants in Mumbai and Pune you can visit their website for more information @ www.cerveausys.com.