Thailand HR Strategy Playbook 2024

Develop HR Strategic Plan

To develop an effective HR strategy, comprehending the HR model is essential. An HR model delineates HR's role and placement within the organization, guiding human resource management approach of the organization. It intersects with the HR strategy, which envisions the future, while the HR model outlines the path toward realization. Understanding this framework is pivotal for aligning HR initiatives with organizational goals and objectives.

Based on TAS's experience collaborating with Thai companies, the prevalent HR model adopted is the functional-based model, depicted in the diagram below

Business Strategy

Internal environment

External environment

Overall HR Strategy

Resourcing Strategy

Learning & Development Strategy

Reward Strategy

Retention strategy

HR Capability Building Strategy

HR is not about HR it's about what value we create from doing HR

Professor Dave Ulrich posed a critical question to HR professionals in his article titled

"Six Actions for HR to Create More Stakeholder Value ": How can HR maximize value

creation for all stakeholders?

Answering these question will enable you and your organization to:

• Make informed choices with actionable insights about where to prioritize your HR work.

• Intentionally disclose what you are doing, its impact, and improvement plans.

Making informed choices and intentional disclosures is relevant for many stakeholders

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