STEPS IN HR STRATEGY FRAMEWORK - Ppt Download

Presentation on theme: "STEPS IN HR STRATEGY FRAMEWORK"— Presentation transcript:

1 STEPS IN HR STRATEGY FRAMEWORKExternal environmental scan Internal Capital Assessment

2 External Environmental ScanCompetitor Industry Analysis-Micheal .E Porter’s, 5 force model. Stake Holder Analysis PEST Analysis-Political & legal,Economic,social,Technology Environmental Situation Analysis ->Managing Diversity ->Demographic Trends

3 ->Managing DiversityReasons for diversity Shift frm manufacturing to service economy Globalisation Changing business strategies Mergers & acqusition Changing labour market

4 Diversity process for managing diversityCultural Audit Surveys Awareness Training Skill building training Diversity enlargement hiring strategies Managing Work Team Eg :- include manufacturing &marketing personnel Managing Virtual Team -employees are geographically dispersed, connected by technology, address specific task,project etc.

5 ->Demographic TrendsBaby boomers( ),supply is more than demand Baby busters(1963-mid 1970) Generation X(in late1970’s& early 1980’s)

6 Internal capital AssessmentAssessing the strength & weakness of firm’s internal assets namely:- Financial-B/s,Cash Flow, etc Technological HR