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E3 Champion Strategies (S10) |
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| This paper is based on the HR Strategy meeting held on 14th June 2001 and a preceding study of Executives in UK Financial Services. | |
The study found that stakeholder satisfaction
with the business, internal satisfaction with employees and the HR
function, and high performance, growth oriented strategies are
associated with:
Performance is particularly enhanced when certain aspects of strategy are integrated horizontally and vertically to form what we have termed HR business strategy.
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| Horizontal
strategy is accomplished through the integration of operations, HR and
IT strategies. Vertical integration stems from the championing of
E-world foresight, Employee commitment and capability, and E-HR
solutions which release the hidden capacity of employees and the
resource constraints on HR as a strategic function. Businesses that turn
to this "E to the power of three" strategy will out-compete
their sector according to this study. This requires a new kind of
thinking by, and a new role for, HR.
The role of employee champion enables a virtuous spiral of related successes because it engenders trust and helps to ‘close the loop’ between the various business stakeholders, linking employee performance directly with business performance. |
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