Understand the important role of human resources in an organization’s strategic planning processes.
An organization’s strategic plan is only as good as its workforce. Operationalizing and executing a business plan needs to be supported with proper human resource alignment to ensure deliverables can be met. In HR 504 Strategic Planning, you’ll discover how strategic planning and human resource planning impact each other.
Many factors and forces can influence an organization’s financial stability and its delivery of products and services. As you consider these influences, you’ll understand the challenges they present to a human resources manager and the need for strategic planning. You’ll examine ways to initiate the strategic planning process, from conducting industry and competitive analyses in a global context to evaluating resources and competitive capabilities.
There are multiple tools that can help managers formulate and adopt strategies such as strategy maps, as well as two main assessment analyses — Strengths, Weaknesses, Opportunities and Threats (SWOT) analysis to gauge external vulnerability and Strengths, Weaknesses, Opportunities and Challenges (SWOC) analysis to measure the internal environment. You’ll examine these tools as well as the concept of stakeholder analysis. Of course, corporate culture and leadership play a major role in strategic plan execution and you’ll consider the human resources manager’s responsibilities as well.
Discuss this and more in HR 504.
You’ll begin to appreciate the importance of the financial statement analysis process, and how it is used to better understand the legal and tax status for organizations, and human resource finance. By focusing on types of costs, break-even analysis, contribution margin and product/service line analysis, you’ll recognize the high cost of mismanaging human resources and identify key content areas for effective fiscal management.
Budgets, capital budgets, profit planning and human resources management performance are each part of any strategic plan and you’ll see how these components are developed. As you delve into human resource costing, you’ll consider a number of related functions.
- Costs and benefits of human resources
- Labor cost analysis
- Cost accumulation system
- Benefits program analysis
- Economic value of job performance
- Costs and benefits of human resource development programs
You’ll conduct a SWOT and SWOC analysis to assess an organization’s external and internal environments. Using these analyses, you’ll propose strategies to address issues the organization faces, complete with a plan for adoption, implementation and evaluation.
Sample Course Topics
Throughout each week of the course, you will focus on a core topic or theme. Sample topics are listed below and are subject to change based on the instructor.
- Introduction to Strategic Planning
- Industry and Competitive Analysis
- Building Strengths and Resource Capabilities
- Corporate Culture and Leadership
- Human Resource Measurement
- Types of Costs
- Productivity and Costing
What You’ll Learn
In HR 504, you’ll focus on the human resource alignment needed to support operationalizing and executing a business plan so that deliverables can be met.
- Gain factual knowledge, terminology, and concepts in the field of human resource management as it relates to strategic planning, human resource costing, and metrics.
- Learn fundamental principles, theories, and practices associated with strategic planning.
- Use course-related knowledge and materials to improve problem solving and decision making.
- Further develop your communication skills.
- Acquire or further develop your skills in working with others as a member of a team.
- Apply mathematical and quantitative skills.
In HR 504, you’ll examine the impact of strategic planning impact on organizational sustainability and human resource planning. For more information about The University of Scranton’s online Master of Science in Human Resources degree, request more information or call us today toll-free at (866) 373-9547.
The content presented on this page is representative information for example purposes and is subject to change as course and student needs change over time.