Role of HR in Employee Recognition In the 2016 SHRM/Globoforce Employee Recognition Survey, the following findings were reported by HR professionals: • Organizations that had strategic recognition programs reported less frustrated and more engaged employees. • Programs tied to the…
SWOT stands for the following: • Strengths What are the strengths of your HR organization? What do you do really well? What do you want to continue doing in the future? It could be HRIS, sexual harassment prevention, or onboarding.…
One technique for sorting out the important from the unimportant is PESTEL analysis. PESTEL stands for: P—Political E—Economic S—Social T—Technological E—Environmental L—Legal Develop ways that you can gather information in each of these categories, and you will be well out…
There are four generally recognized phases to the lifecycle of a business or industry. • Introduction This is the beginning of the organization. It’s the entrepreneurial phase where everything is new. Policies and systems are being created as they are…
Industry analysis is a tool that facilitates a company’s understanding of its position relative to other companies that produce similar products or services. Understanding the forces at work in the overall industry is an important component of effective strategic planning.…
Each employer organization has pressures from both internal and external sources. Those pressures impact the competitiveness the organization will be able to apply to the world in which it operates. Porter first published his suggestion that these five forces are…
Here is SHRM’s BoCK definition: “HR Strategic Planning involves the activities necessary for developing, implementing, and managing the strategic direction required to achieve organizational success and to create value for stakeholders.” All career levels of HR are expected to support…
SMART goal setting stands for the following: • Specific Know exactly what you want to accomplish. Goals must be well-defined. They must be clear and unambiguous. • Measurable Have a yardstick to measure the specific intention. • Attainable Make the…
According to SHRM, mission, vision, and values can be defined as follows: • Mission Mission is a concise explanation of the organization’s reason for existence. It describes the organization’s purpose and its overall intention. The mission statement supports the vision…
A systematic approach for the decentralized corporation to determine where best to invest its cash. Rather than rely on each business unit’s projections of its future prospects, the company can judge a unit by two factors that will determine whether…