A structured approach to developing and executing an effective HR strategy
Taking HR to the next level
Talent shortages and global competition have put people issues at the top of the Chief Executive Officer’s (CEO) agenda. Yet many business leaders aren’t sure the Human Resources (HR) function is up to the challenge. In fact, a recent global survey by Deloitte Touche Tohmatsu and the Economist Intelligence Unit shows that while 72 percent of senior business executives believe people and talent are critical to their company’s results, only 8 percent are confident in the way their company currently manages talent. Moreover, 46 percent of the surveyed executives said their company’s HR capabilities are adequate, but need to improve, while another 31 percent believe significant improvement is needed.
What must HR do to regain the confidence of its business colleagues? And how can HR provide the critical services and capabilities that allow a company to achieve its aggressive growth goals? This point of view describes a 10-step approach to help HR meet these challenges. The approach centers on creating and executing a comprehensive HR strategy to develop and deliver services that align with the company’s changing needs. Our discussion includes a detailed example based on Deloitte Consulting LLP’s (Deloitte Consulting) experience helping clients around the world in their efforts to develop and execute effective HR strategies.
For further information, download our publication A structured approach to developing and executing an effective HR strategy. (PDF, 954KB)
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