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Create and manage HR strategy

Create and Manage HR Strategy

While publicly acknowledging that “our most valuable asset is our people,” company leaders and boards of directors do not always offer a comparative level of support for strategic talent development activities. Using this assessment can help connect HR strategic activities to business objectives. By linking a documented HR strategy to achieving market objectives and reporting such results to all stakeholders, the human resource executive is more likely to receive the necessary resources and leadership attention.

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Median Total Cost of the Process Create and ManageHR Planning, Policy, and Strategies per $1,000 Revenue

APQC’s “create and manage HR planning, policies, and strategies” assessment provides benchmarks and metrics that can unearth new opportunities of high relevance to chief human resources officers; chief administrative officers; and vice presidents of human resources, organizational development, and leadership development. For example, there is a wide disparity in median process cost between those that have a formally documented HR strategy and those that do not. The overall median process cost for organizations that do not have formal HR strategies is more than nine times greater than the cost reported by organizations that do, which indicates that the price of not formally documenting an HR strategy can be high.

This assessment will help your organization better manage and execute the following processes.

  • Administer HR policies
  • Communicate plans and provide updates to stakeholders
  • Define HR and business function roles and accountability
  • Determine HR costs
  • Determine value added from the HR function
  • Develop compensation plans
  • Develop employee diversity plans
  • Develop HR policies
  • Develop other HR programs
  • Develop succession plans
  • Develop strategic work force plans
  • Identify tactical and strategic HR needs
  • Measure contribution to business strategy
  • Measure the realization of objectives
  • Plan employee benefits
  • Review and revise HR plans

Why Trust APQC?

Founded in 1977, APQC is a member-based nonprofit organization. With over 500 members, APQC serves as a steward for broader open standards benchmarking, providing global, consistent process measurement.

Need Help?

For help getting started, please contact the help desk at +1-713-681-4020, 800-776-9676, or osbc@apqc.org.

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