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concepts of human resource development and its strategy
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- 2. ABOUT US Santosh (5235) SujalKumar(5239) Hriday (5225) Devashish (5242) Veer (5214) Harsh
- 3. TABLE OF CONTENT •Strategic HRD • HRD Strategies VS Organizational goals • HRD Strategies • Designing HRD strategies • HRD Challenges • Case Study
- 4. STRATEGIC HRD Strategic HRDis the process of aligning an organization's human resource development (HRD) initiatives with its overall business strategy. It involves the systematic identification, implementation, and evaluation of HRD practices that directly support the achievement of the organization's mission, vision, and goals. In a competitive business environment, strategic HRD is essential for developing a skilled, adaptable, and engaged workforce that can contribute to the company's long-term success.
- 5. Integrating HRD Strategieswith Organizational Objectives Alignment with Corporate Strategy Managerial Involvement Performance Measurement HRD strategies must be closely integrated with the organization's overall corporate strategy. This ensures that the development of human capital is directly linked to the achievement of the organization's objectives, whether it's expanding into new markets, driving innovation, or improving operational efficiency. Effective HRD strategies require active involvement and support from managers at all levels. Line managers play a crucial role in identifying training needs, providing feedback, and ensuring that development initiatives are effectively implemented and integrated into daily operations. HRD strategies should include mechanisms for measuring the impact and effectiveness of development initiatives. This could involve tracking metrics such as employee engagement, productivity, and retention, as well as assessing the alignment between individual and organizational goals.
- 6. HRD STRATEGIES 1.Communication strategy 2. Accountabilityand Ownership Strategy 3. Quality Strategy 4. Cost Reduction Strategy
- 7. 5. Intrapreneurship Strategy 6.Culture Building Strategy 7. Systematic Training Strategy 8. Learning Strategy
- 8. Getting the BigPicture Developing a mission statement Conducting organisational SWOT analysis Conducting HR analysis Determining critical people issues Developing consequences and solutions Implementation and evaluation of ac of action Designing HRD Strategy
- 10. HRD Strategy Challenges Philosophicalchallenges Policy Challenges Value challenges Prime movers Challenges Appropriate HRD strategy Challenges HRD STRATEGY CHALLENGES
- 12. CASE STUDY Precision ManufacturingCo., a reputable company known for its precision-engineered products, is facing a quality crisis. Recently, the company has been receiving an increasing number of customer complaints regarding product defects and inconsistencies in quality standards. The management team is concerned about the negative impact on the company's reputation and customer satisfaction. Problem: Despite having skilled employees and advanced manufacturing processes, Precision Manufacturing Co. is struggling to maintain consistent quality across its product lines. The lack of standardized quality control measures and a clear quality assurance framework has led to a decline in product quality and customer trust.
- 13. Questions: 1. How hasthe lack of standardized quality control measures impacted Precision Manufacturing Co's ability to maintain consistent quality across its product lines despite having skilled employees and advanced manufacturing processes? 2. What specific steps can Precision Manufacturing Co. take to address the increasing number of customer complaints regarding product defects and inconsistencies in quality standards to restore customer trust and uphold the company's reputation? 3. In what ways can the management team at Precision Manufacturing Co. implement a clear quality assurance framework to prevent further decline in product quality and enhance customer satisfaction amidst the ongoing quality crisis?