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Key Business Issues Strategic HumanResource

Management

Unit 2

By: Kapil Prasad Acharya

Institute of Banking &

Management Studies (IB&MS)

IV Sem.


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Outline of the Presentation

Key business issues

how to manage the key business issues

Role of HRRole of HRs in six sigma

Who are directors

Role of directors

Responsibility of directors


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Key business issues

The highest priority problems that are affecting a business, or the

problem which are creating the largest negative impact.

The key business issues are the specific area a business chooses to focus

where they want to accomplish their organizational goals.

These issues drive the activities of a business and exist in multiple

categories such as financial, marketplace, personnel, operational,

customer, competitive, and supplier aspect of a business.


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How to manage the key business issues

There are four type of key business issues:

1.Complying

withlegislation

2. Minimizerisk

3. Improveefficiencies

4. Organize

your time


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pay tax on time to avoid penalties

provide a safe working environment for

your employee

fulfill your duties as a director if you

operate a companyComply with intellectual property and

trademark legislation

Stay on the right side of IT law by

establishing an appropriate software policyComply with relevant employment

legislation, during both the recruitment and

employment tenure.

1.Complying

withlegislation


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insurance cover premises protectionCash flow managementIT system your employee

2. Minimizerisk


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make an investmentEstablish policiesGet expert advice

3. Improveefficiencies


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daily and weekly task monthly taskQuarterly or half-yearly taskAnnual task

4. Organizeyour time


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Role of HR

The role of the HR manager must parallel the need of his or her

changing organization. Successful organization are becoming more adaptive,

resilient, quick to change direction and customer-centered.

With in this environment the HR professionals, who is considered

necessary by line managers, is a strategic partner, an employee sponsor or

advocate and a change mentor.


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Role of HR


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Role of HR

Role of Human ResourceManagement

Planning and organizing

for work, people and HRM

People acquisition and

development

Administration of policies,programmes and practices


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Role of HR

Planning and organizing for

work , people and HRM

Strategic perceptive

Organization design

Change management

Corporate wellness management


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Role of HR

People acquisition and

development

Staffing the organization

Training and development

Career management

Performance management

Industrial relation


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Role of HR

Compensation management

Information management

Administrative management

Financial management

l f


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Role of HR

To be effective, an HR practitioner should

have a well rounded of each of these

areas. The problem is that many of us haveonly very limited exposure on these different

functional area as we move on the

organizational ladder.

l


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HRs Role in Six Sigma

Black belt

selection and

retention

Black belt

selection and

retention

Black belt

selection and

retention

Black belt

selection and

retention

Black belt

selection and

retention

Reward and

recognition

Black belt

selection and

retention

Black belt

selection and

retention

Being included

in six sigma

Black belt

selection and

retention

Black belt

selection and

retention

creating a six

sigma culture

Black belt

selection and

retention

Black belt

selection and

retention

Change management

and communication

l


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Black belt

selection and

retentionBuilding a competency model that will help

identify candidates with the right mix of

technical team, and leadership skills and

abilities.

Creating a job description that help

candidates fully position and exceptions prior

to signing on.

Developing a retention strategy that will

help ensure black belts complete their rotation.

l


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Black belt

selection and

retention

Black belt

selection and

retention

Reward and

recognition

Analyzing existing compensation

arrangement to identify the extent to which

those arrangement will support the six

sigma initiatives.

Creating a strategies compensation plan

that will better support six sigma.

Developing a non-monetary rewards

program for six sigma teams.

l S S


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Creating a six

sigma culture

Working with six sigma sponsor, leaders and

champions to identify elements of the culture that

might hinder the achievement of six sigma goals

Advising on change plans that will targets

those specific cultures elements.

Identifying how six sigma can be rolled out in

a way that works with, rather than against, the

current culture.

HR R l S S


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Being included

in six sigma

Ensuring HR professionals have the right skills and

knowledge.

Marketing its potential contribution early in the

initiatives.

HR R l S S


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Black belt

selection and

retention

Black belt

selection and

retention

Change management

and communication

Drafting a change management/ communication

plans that addresses the people side of the six sigma

rollout.

Counseling six sigma leaders and champions on

how their behavior can help or hinders six sigmas

acceptance throughout the organizations.

Wh Di


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Who are Directors

R l f Di


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Role of Directors

1. Establish vision,

mission and values

4. Exercises accountability toshareholders and be responsible

to relevant stakeholders

2. Set strategy and

structure

3. Delegate to

management

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Role of Directors

1. Establish vision,

mission and values

Determine the companys mission, vision to guide and set the pace for its current

operations and future developments.

Determines the values to be prompted throughout the company.

Determine the review company goals.

Determines company policies.

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Role of Directors

2. Set strategy and

structure

Review and evaluate present and future opportunities, threats and risk in the external environment

and current and future strength, weakness and risk relating to the company.

Determine the strategic option, select those to be persuade, and decide the means to implementand support them.

Determine the business strategies and plans that underpin the corporate strategy.

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Role of Directors

3. Delegate to

management

Delegate authority to management, and monitor and evaluate the

implementations of policies, strategies and business plan.

Determine monitoring criteria to be used by the board.

Ensure the internal controls are effective.

Communicate with senior management

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Role of Directors

4. Exercises accountability toshareholders and be responsible to

relevant stakeholders

Ensure that communication both to and from shareholders and relevantstakeholders are effective.

Understand and take into account the interests of shareholders and relevant

stakeholders.

Promote and goodwill and support of shareholders and relevant stakeholders.

R ibili i f Di


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And also,Responsibilities of Directors


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Ha e a nice da !

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