What is a People Strategy?
A People Strategy is a plan to manage your people, including how you attract and retain talent, foster a positive work environment, and implement effective performance management. It should be tailored to the unique needs of your organization and team, and can provide long-term benefits for your employees and business.
What's included in this People Strategy template?
- 3 focus areas
- 6 objectives
- 6 projects
- 6 KPIs
Each focus area has its own objectives, projects, and KPIs to ensure that the strategy is comprehensive and effective.
Who is the People Strategy template for?
This People Strategy template is for HR teams of all sizes and industries. It provides a structure to help you create a comprehensive plan to manage your people. The template includes sections for defining focus areas, setting objectives and action items, and setting measurable targets (KPIs).
1. Define clear examples of your focus areas
Focus areas are the broad categories that your people strategy should cover. Examples of focus areas include Attract and Retain Talent, Foster a Positive Work Environment, and Implement Effective Performance Management.
2. Think about the objectives that could fall under that focus area
Objectives are the desired outcomes that you hope to achieve through your people strategy. Objectives should be specific, measurable, attainable, relevant, and time-bound (SMART).
Examples of some objectives for the focus area of Attract and Retain Talent could be: Recruit top talent, and Increase employee retention.
3. Set measurable targets (KPIs) to tackle the objective
KPIs (Key Performance Indicators) are measurable targets that can be used to track progress towards achieving an objective. These should be relevant to the objectives and should have an initial and target value.
An example of a KPI for the focus area of Attract and Retain Talent could be: Increase recruitment success rate from 50% to 75%.
4. Implement related projects to achieve the KPIs
Projects (or actions) refer to specific initiatives that you can take to achieve the objectives and KPIs. Projects should be clearly defined and should include a timeline for completion.
An example of a project related to Attract and Retain Talent could be: Develop a comprehensive recruitment strategy.
5. Utilize Cascade Strategy Execution Platform to see faster results from your strategy
The Cascade Strategy Execution Platform is a powerful tool to help you develop and implement a successful people strategy. With Cascade, you can easily track progress, measure results, and prioritize initiatives to get the most out of your people strategy.