Strategic Human Resources Planning Essay

2275 words - 10 pages

Succession management plans are valid in all types of businesses (corporate, family business, small business) and is critical to the effective functioning and internal alignment of an organization for retaining employees, ensuring that critical tasks are completed, and helping the organization fill vacant positions more quickly and efficiently.

There are several major benefits of implementing a succession management process. First, succession management allows for an organization to respond quickly and stay on target amidst change or turmoil such as a drastic and sudden change in the economy or business cycle. For example, if a significant change in the Canadian dollar appears quickly, ...view middle of the document...

Ultimately, having a strong succession management process allows the company to uphold its mission, vision, and core values which is crucial in an ever changing environment.

The limitations inherent in a succession management process are far from few. In fact, by doing it incorrectly, the outcomes can sometimes be worse than not having a succession plan at all. One limitation of the succession management process is that the pressure and stress of having to make a decision of who will replace the organizations’ key individual can lead to a snap decision, and a potentially problematic and incorrect one. By appointing a candidate too quickly, the organization may not have planned accordingly to identify the key skills and competencies of their ideal candidate. In identifying these skills, it may also limit the organization as to which employees will be in their candidate pool and in turn the company would be losing out on a more suitable candidate that could appear later on, which could then lead to poor company performance and turnover (Jacoby’s Business Growth Consultant, online).

If the succession management plan is initially executed incorrectly, then all the decisions following it will be incorrect and lead to poor company performance. Performance appraisals are typically used to identify high-potential employees, however if the performance appraisal system is flawed, such as not being a true 360° review, or if the manager gets rewarded for developing employees into succession management plans, then the outcome will be skewed and potentially result in a poor choice being made (Belcourt et al., 2013). A 360° performance appraisal could be more objective than subjective depending on the type of performance appraisal used. This creates managers that are potentially identifying the wrong candidates to become part of the succession management plan, especially if they have a narrow focus and only identify their direct reports.

Since succession management takes a lot of time and planning, having that effort go to waste by hiring externally is usually avoided. However, by eliminating external recruitment sources and solely focusing on hiring from within, an organization can actually limit the ability to introduce new ways of thinking and impede on company progress (Belcourt et al., 2013). Sometimes, there is simply no suitable candidate within the organization; therefore succession management process becomes impractical and recruiting externally is necessary.

Lastly, managers need to be careful with their succession management process because it could lead to jealously amongst the employees who are not being chosen for leadership grooming. These employees may view the act of succession management as favouritism and consequently become more resentful or lose motivation in their own work if they do not see themselves as having a chance to move upward in the...

Other Papers Like Strategic Human Resources Planning

Human Resource Management Overview Essay

913 words - 4 pages understanding of the process. Strategic planning is the process of evaluating an organization’s operating environment, customers, competition, as well as its capabilities and competencies to define a strategy and then to make decisions on the allocation of resources (including its capital and people) to pursue the strategy (David, 2005). In order for human resource management professionals to be an integral part of strategic planning, they must

Hrm-Chapter 2 Essay

678 words - 3 pages Strategic Planning – set of procedures for making decisions about the organization’s long term goals and strategies. Human Resource Planning – the process of anticipating and providing for the movement of people into, within, and out of an organization. Its purpose is to help managers deploy their human resources as effectively as possible, where and when they needed, in order to accomplish the organization’s goals. Strategic Human

Strategic Management Paper

544 words - 3 pages to as SWOT analysis. Strategic management has been proven to be essential for the finance, human resources, marketing and management of a company. Throughout the research process, every company establishes a thought out strategic plan for continual success. Each of the following companies actively uses strategic planning: Coca Cola, Pepsi, Southern Wines & Sprit, Macy’s, Wal-Mart, and Target. Furthermore, strategic planning is an essential

Strategic Human Resource Management

613 words - 3 pages that underpin human resource planning in an organisation||2.1||| 2|Assessment of the human resource requirements in a given situation||2.2||| 2|A human resources plan for an organisation||2.3||| 2|Evaluation of how a human resources plan can contribute to meeting an organisation’s objectives||2.4||| 3|Explanation of the purpose of human resource management policies in organisations||3.1||| 3|Analysis of the impact of regulatory requirements

Functional Areas Of Business

572 words - 3 pages business are marketing, finance, and accounting. Although a company’s success greatly depends on the collaboration of different areas of expertise, strategic planning and human resources management are two important functional areas an organization must have to compete and survive in today’s dynamic economy. Strategic planning is the functional area of business that focuses on creating plans to make sure the organization’s goals are accomplished

Planing in the New Organization

557 words - 3 pages tools. Once a strategy is selected, it is implemented through changes in: - leadership, - structural design, - information and control systems and - human resources. * In summary, strategy implementation is essential for effective strategic management. * Managers implement strategy through the tools of leadership, structural design, information and control systems, and human resources. * Without effective implementation, even the most creative strategy will fail. Tools for Putting Strategy into Action

Functional Areas of Business Paper

555 words - 3 pages respond in a agile and appropriate fashion” ( Blatstein, 2012, p. 33). I know as a manager that both human resource management and strategic planning are both helpful within an organization. I cannot see why any manager would not use these functional areas too their organization advantage. Reference Page Robbins S.P., and Coulter, M. (2012). Management (11th ed.). Boston, MA: Prentice Hall. Ðurović, M. (2012) Human Resources Management-Strategic Aspect. Management (1820-0222). Issue 62, p83-88. 6p. Blatstein, I. M. Summer (2012) Strategic Planning: Predicting or Shaping the Future. Organization Development Journal, Vol. 30 Issue 2, p31-38. 8p. 3 Graphs.

Reyes Fitness Centers, Inc.: the Strategic Hr Opportunity

1312 words - 6 pages candidates. Employees should know what to expect, and what is expected of them. An employee orientation will help employees understand organizational strategies and how they position play a role in achieving these goals. According to Mello (2014), “strategic workforce planning involves making assumptions about the future, particularly the status of the economy, competition, technology, regulation, and internal operations and resources, it is

Mba Student

635 words - 3 pages run the business. Formulation After completing analysis, the information and data is reviewed by strategy formulation. For reaching defined goal and objective, we determine what resources has currently in business. After accomplishing analysis, managers formulate corporate, business and functional strategy. Formulation set policies, task, strategic planning. SWOT analysis is identified to improve weakness, to overcome strength, to get the way

Info Paper

268 words - 2 pages operational. First, I contact my higher headquarters in Utah in providing equipment such as computers and monitors for the 7 offices space the unit is allocated. Once received, I set up computer workstations in each office. Once complete, I then began to create company policy and standard operation procedures for my human resource department. Later I began thinking about how to recruit the right personnel for the unit so I created pamphlets with the unit mission and vision to distribute out to the public. All the planning, communication and networking was part of my strategic decision in determining what is best for the unit and finding the right people to bring on board.

Functional Business

898 words - 4 pages The Role of a Manager within the Functional Areas of Business Fabrice Akadje MGT/521 January-20, 2014 A manager is someone who coordinates and oversees the work of other people so that organizational goals can be accomplished. In a sense helping other do their work. In business, the functional area are management, law, human resources, leadership, accounting, finance, economics, research, operations manager, marketing and strategic

Related Essays

Hrmt386 Memo For Human Resources Planning

559 words - 3 pages EmpireDuchess Enterprises Interoffice Memo Date: December 19, 2015 To: Doug Whiner, Vice President; Senior Management Team From: Human Resources Subject: RECOMMENDATIONS FOR HUMAN RESOURCES POLICY CHANGES In response to your request made on December 2, the following are recommended changes to the Human Resources planning and job design policies. At EmpireDuchess Enterprises, we have a responsibility to our workers and community to

Integrating Human Resource Strategy And Strategic Planning To Achieve Business Excellence

5729 words - 23 pages among staff that will help the organization meet its goals. In other words a firm deliberate use of human resources can help it to gain and maintain a edge against competitors in the marketplace. For this to be effective various areas of human resources functions such as recruitment, compensation, performance management, reward and recognition, employee relations and training must be addressed. Strategic planning another area of importance as

The Strategic Role Of Human Resources Management

1942 words - 8 pages Newcastle University in the United Kingdom conducted a research on the effect of fertilization on plants composition in terms of fertilizers and plants protection methods used. The sources analyzed were previous studies on the matter. As the result Brandt states that in relation to human health, increased consumption of organic fruits and vegetables is linked to reduce risk of cancer and cardiovascular disease, possible due to their content of

Criticize The Use Of Strategic Planning As A Means To Achieve Organisational Objectives

996 words - 4 pages the whole purpose of strategic planning loses its validity. Executing strategy requires the work of the entire organization, whereas strategic planning only requires the top team ( ) . Unless strategy is clearly communicated within an organisation, its utility to achieve organisational objectives will be limited. The is need to develop a strategic fit between the strategic plan and the human capital resources at the exposal of the organisation