Formulating a Corporate and Human Resource Strategy Presented by: Nur Hasanah, SE, MSc

Key Factors in Strategy Formulation Competitor actions (present and projected) Environmental opportunities and threats Strategy formulation Action Internal strengths and weakness

Stakeholder Groups of an Organization

Reciprocal interdependence of corporate strategy and human resource strategy

Management guidelines Strategy formulation is not a neat and clean process. Strategy and the process of formulating it must be flexible and adaptable. Strategy formulation is an attempt to anchor the organization to some position in the future. The market, especially competition, plays a very important role in the formation of strategy and the firm’s sustainable competitive advantage. Stakeholders are a major influence on the formation of strategy.

Human resource audit measurements and their organization’s underlying indicators Rate Personnel functions to examine Turnover rate Quit rate Termination rate Layoff rate Retention rate Retirement rate Length of service rate Overtime rate Error/scrap rate Salary and benefits package Supervisory practices Job design Retirement plan Employee planning and scheduling Shortage of staff Selection and training process Recruitment, selection and placement Training and development Job satisfaction