Executive Diploma in Human Resources Strategy

HR Strategy: Aligning HR Strategy with Business Objectives by MTF Institute

Welcome to course: Mini MBA in Human Resources Management by MTF Institute

its the module of program "Executive Diploma in Human Resources Management"
You may join that course separately, or join the full program.

Course provided by MTF Institute of Management, Technology and Finance

MTF is the global educational and research institute with HQ at Lisbon, Portugal, focused on business & professional hybrid (on-campus and online) education at areas: Business & Administration, Science & Technology, Banking & Finance.

MTF R&D center focused on research activities at areas: Artificial Intelligence, Machine Learning, Data Science, Big Data, WEB3, Blockchain, Cryptocurrency & Digital Assets, Metaverses, Digital Transformation, Fintech, Electronic Commerce, Internet of Things.

MTF is the official partner of: IBM, Intel, Microsoft, member of the Portuguese Chamber of Commerce and Industry.

MTF is present in 208 countries and has been chosen by more than 400 000 students.

Course Author:

Yuliya Vershilo,

- 10 years as Head at Compensation & Benefits & general HR, GRP certified

- Developed and implemented large scale motivations platforms for different domains: IT, Corporate Banking, Retail Banking, Sales and Remote Channels / Contact Centers, Back Office at different banks, Including non-material motivation and EJM refactoring

- Developed and Implemented HR analytics frameworks

- Expert in HR market analysis and HR strategy developing and implementing

- Expert in HR automatization and digitalization

- Expert in budgeting and HR planning

- Expert in HR regulation

Human Resource Management | Saint Petersburg State University of Finance and Economics, 2005

Ph.D. in Economics| Saint Petersburg State University of Finance and Economics, 2009

International GRP Certification: Global Remuneration Professional |CBSD Thunderbird - World at Work, 2019

Grading Program | CBSD Thunderbird - World at Work, 2021

More than 20 years extensive experience in the field of HR management including:

• Talent acquisition and selection.

• Creating compelling Employee Value Propositions (EVPs),

• Training and development,

• Compensation and benefits

• People analytics

What is Human Resources Strategy?

A Human Resources (HR) strategy is a long-term plan that focuses on managing and developing an organization's greatest asset—its people. This plan ensures alignment between the workforce and the company’s overarching strategic objectives, contributing to overall business success. It encompasses key areas of HR, such as:

• Recruitment and Talent Acquisition: Finding and hiring the best people for the roles.

• Performance Management: Setting goals, evaluating performance, and providing regular feedback.

• Learning and Development: Providing training and development opportunities to enhance employee skills.

• Compensation and Benefits: Offering competitive salaries and benefits to attract and retain top talent.

• Employee Engagement and Retention: Creating a positive workplace culture that improves employee satisfaction and reduces turnover.

• Succession Planning: Identifying and developing future leaders for the organization.

Why is it Important to Align HR Strategy with Business Strategy?

Aligning HR strategy with overall business strategy is essential for several reasons:

• Achieving Business Goals: HR plays a crucial role in attracting, developing, and retaining the talent needed to meet business objectives. A well-aligned HR strategy contributes directly to growth, innovation, and success.

• Resource Optimization: Aligning HR activities with business priorities ensures that resources (time, money, personnel) are focused on the most critical areas to drive the organization forward.

• Better Decision-Making: When HR is aligned with the company's vision, HR leaders can make informed decisions about talent management and ensure HR initiatives are fully supportive of business strategies.

• Enhanced Organizational Culture: Aligning HR strategy helps establish a consistent culture and promotes collaboration, which leads to a more engaged and productive workforce.

Benefits of Organized Learning in HR Management

Continuous learning is paramount for the success of HR professionals. Here are the benefits:

• Staying Up-to-Date: Employment laws, HR trends, and best practices constantly change. Investing in learning keeps HR professionals ahead of the curve.

• Problem-solving: HR faces a variety of challenges, and continuous learning equips professionals with the latest tools and strategies to address complex issues.

• Strategic Agility: As business needs shift, HR professionals must adapt quickly. Learning cultivates an agile workforce and supports the organization's adaptability.

• Innovation: Learning sparks innovative ideas and solutions, helping HR departments improve their efficiency and the overall employee experience.

Why Improved Skills in HR Support Career Building

Skill development in HR directly builds and accelerates career growth:

• Increased Value: Highly skilled HR professionals offer more strategic value to an organization, making them more sought-after.

• Leadership Opportunities: Continuous learning prepares HR professionals for leadership roles, opening more doors for career progression.

• Salary and Compensation: Skilled HR professionals often command higher salaries and better benefits packages.

• Adaptability: Keeping skills sharp makes HR professionals more adaptable in a rapidly changing job market—a vital asset in a volatile economy.