New HR Strategy

Abstract Suzy Black establishes the first HR strategy in Lloyd’s after 320 years in business. It’s a great shock for the employees because she implements brand new ideas and transformed the old style personnel office to a business focused. As discussed in the text : HR managers who have a good understanding of their firm's business can help it achieve its strategies—whatever they may be—through the effective utilization of people and their talents. An organization's success increasingly depends on the knowledge, skills, and abilities of its employees. To “compete through people,” organizations have to do a good job of managing human capital: the knowledge, skills, and capabilities that have value to organizations. Managers must develop strategies for identifying, recruiting, and hiring the best talent available; developing these employees in ways that are firm-specific; helping them to generate new ideas and generalize them throughout the company; encouraging information sharing; and rewarding collaboration and teamwork among employees (Managing Human Resources, p.36) .
New HR Strategy Makes Lloyd’s A “Best Company”
What skills does Black think employees need to work successfully in the area of HR? According to the text; the ideal skills of employees in the area of HR they must be commercial, challenging, and focused on delivery and excellence (Snell-Bohlander). They must understand change and transformation, excel at operations and balance tactical and strategic thinking and acting. They should be able to manage and navigate organization complexity and ambiguities and not to be afraid to say no occasionally in order to establish appropriate boundaries with the business.
What are some of the outcomes of the company's new HR strategy? The company accomplished many things with the new HR strategy. They changed the employee perception of