ROLE OF HR IN BUSINESS STRATEGY

One of the most indispensable ingredients of a business is its employees. The human capital serves as the ambassador of your organization, as they put procedures into practice.

The HR department is a significant contributor to organizational success since they are mainly responsible for maintaining and organizing the workforce. They oversee the people in the organization and deliver HR services that meet the needs of both the company and its employees.

The reason behind implementing HR practices is to enhance the human capital of an organization and decrease the financial risks. Employees must be considered as human assets and not costs to the organization.

The HR management team usually gives out suggestions to strategically manage people as business resources, and these include recruitment/hiring process, employee benefits, and skills training.

Recruitment

Employees serve as the representation of your company’s culture. Therefore, having the right people in the right places is vital in the organization.

HR understands and anticipates organization’s talent needs to balance the workforce by matching employees with the right positions according to their qualifications.

Hiring is not only about the recruitment process, but also about the effort that will be exerted in guiding the people in the workplace.

Organizational Development

HR has the responsibility to design the workforce and culture that best suits the company. Although departments are aware of the status of their own teams, and managers have the power to make changes in it, the HR has to supervise and monitor changes, as well as foresee how it may impact the processes that are already in place.

Rewards and Recognition

Reducing turnovers while keeping employees motivated and well-trained is just one of the most challenging duties of the HR. Rewards and recognition are proven to be effective ways of encouraging employees to improve performance.

HR develops and thinks of new and innovative ways of rewards program to make sure employees are recognized and rewarded accordingly to keep them happy in the company.

Training and Development

The cooperation between the employees and management is important in achieving company’s success. The organization depends on the efficiency and capability of its workforce to do business, so training the employees for their career success, as well as the developing the organization are crucial.

HR’s role is vital in keeping employees’ focus on achieving the company’s goals while providing opportunities for employee growth and advancement.

HR personnel are no exception when it comes to training and development, as they serve as the medium between the employees and the company. They develop HR strategies that will help address demands of the change management and integration, as well as the measurement of performances in line with the strategy implementation.

Human resources department is much more than the place to go for employee assistance, employee conflict, or compliance issues. It is evident that the department plays a big role in contributing to implementation and development of business strategies that would help balance both the company’s and employees’ needs and goals since they handle the entrance and exit of the employees and everything between it.

https://www.unleashgroup.io/news/the-role-of-hr-in-business-strategy#:~:text=They%20oversee%20the%20people%20in,and%20decrease%20the%20financial%20risks.

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