What is Human Resources Business Strategy?
This is a guest post from Siddharth Naga S, who heads HR for Cloudnine group of hospitals and is the youngest Executive Coach to be endorsed by Dr. Marshall Goldsmith in India. Siddharth is the author of How Many: A Human Number, a free ebook on designing customer centric HR interventions.
People create performance. And because managing performance is driven by theories and not ‘laws’ (unlike gravity or inertia), it requires a certain preparation to practice. In short, strategic people management never has a cookie cutter approach (sorry to disappoint, but the hard truth is that). Since it is about designing behaviour of individuals to achieve business success, this requires an understanding of decision sciences (psychology, sociology, neurosciences, etc) much like a Finance professional needs to know accountancy.
Strategic People Management is a superset of Strategic HR which is defined as “The undertaking of all those activities affecting the behaviour of individuals in .. efforts to formulate and implement the strategic needs of business”1
So, how does people strategy work in start-ups? One or a combination of the following scenes unfold:
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