It reminded me of a post I put up last July so I thought I would repost it again since the points that Joel touched on were what I wrote about last year. In addition, Joel mentioned 2 other key points that I failed to bring up in that previous post:
- meeting with your CEO weekly to calculate the HR strategy against the current business strategy
- making sure that you understand the business from the ground up, not just what you produce and who are your key competitors.
In addition, all successful corporations use HR strategically, not just to manage administration and other mundane HR tasks. CEOs are interested in growth, profits, innovation, and the ability to retain customers. HR is at a key position to help the CEO attain all of these objectives. To do this your time in the HR leadership role should consist of the following:
- discussing talent, retention, and talent development and pipeline candidates;
- compensation and competitive intersections of market and attaining the best talent;
- benefits, maintaining a competitive package and harnessing costs, especially health and 401K and pensions;
- identifying integration acquisitions quickly;
- anticipating critical business events and regulatory issues;
- guiding and maintaining a daily interaction with the CEO and key business leaders;
- understanding the dynamics of the economy and how they impact the business;
- and finally enabling growth drivers at the employee and business levels.
Are you doing these key functions on a daily basis? Let me know your thoughts.
4 comments:
THis is right on and relevant to what we need to do as HR execs.
Joel hit the nail on the head as did Bill
Diagnosis of the organization is critical to understanding how HR objectives can correctly be linked to the organization's overall strategy.
As mentioned in other posts, another behavior that strategic partners need to demonstrate is that they can translate strategy into action and not fall victim to one of the challenges that HR professionals face while trying to accomplish business objectives: putting strategic plans on the top shelf.
If you have knowledge of the organization, creative problem solving skills, and good analytical skills you will be able to prove your value as an HR pro to the organization.
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