Business Management and Strategy: HR and the Strategic Planning Process

Overview/Description
Strategic planning provides an understanding of where the organization currently stands and what direction it hopes to take in the future. Human Resources professionals need to understand and become partners in the strategic planning process to ensure alignment between their department's functions and organizational strategy. This course explains the strategic planning process and the role of the human resource function in this process. Key strategic decisions during life cycle stages of an organization and how a cost-benefit analysis can help in making those decisions are discussed. This course also discusses how the HR function can support organizational budgeting – a key strategic planning activity, by providing data such as human capital projections and costs. This course is created to help HR professionals preparing for the Human Resource Certification Institute's (HRCI) PHR and SPHR certification examinations. The content in this course is based on the responsibility and knowledge statements of the PHR and SPHR Body of Knowledge of Society for Human Resource Management (SHRM).

Target Audience
Human resource professionals who are preparing for the Human Resource Certification Institute's (HRCI) Professional in Human Resources (PHR) or Senior Professional in Human Resources (SPHR) certification exam

Expected Duration (hours)
1.0

Lesson Objectives

Business Management and Strategy: HR and the Strategic Planning Process

identify the key stages in the strategic planning process

match stages in the strategic planning process to examples of the types of activities involved

identify actions you can take to align the HR function with the strategic plan

associate key characteristics to stages of the organizational life cycle

describe key elements of organizational structure

differentiate between organizational structures based on span of control

recognize organizational structures based on departmentalization

match activities to steps in a cost-benefit analysis

describe ROI and break-even point

sequence the steps typically involved in the budgetary process

identify examples of HR information that supports organizational budgetary planning