An HR Business Partner is responsible for aligning HR initiatives with business objectives, attracting and retaining top talent, and maintaining a strong organizational culture. They must have a good understanding of business functions, excellent communication and interpersonal skills, strategic thinking, and excellent organizational skills.
Strategic compensation is a long-term approach that aligns an organization's compensation practices with its overall business strategy, including attracting and retaining top talent, motivating employees, and achieving business goals. It involves designing a compensation plan that is competitive, fair, and sustainable, while also promoting employee engagement and productivity.
People may have a negative perception of Human Resources (HR) departments due to their role in enforcing company policies and procedures, as well as for their involvement in employee layoffs and terminations. HR is also often seen as bureaucratic and disconnected from the frontline workers.