In a recession, the role of Human Resources is changing. The strategic has to give way to the urgent and it will help the company grow again. What does HR need to do?
The effectiveness of the organization's setup is one of the roles of Human Resources. It must make sure that processes run smoothly and that people are treated as a valuable resource.
When internal equity is maintained, it helps to create a positive work environment where employees feel valued and respected. It also helps ensure compliance with employment regulations. In addition, internal equity can help improve teamwork and communication among employees.
Diversity, Equal Opportunities, Leadership Development, Succession Planning and Learning Organization as a critical strategic HR role and responsibility.
Managing personnel costs is one of the core roles of Human Resources. Typically, the C&B Leader manages costs for the entire organization. How does HR do it?
The roles and responsibilities of the HR department have changed a lot. Today, it is a strategic partner that manages the complex agenda of people management throughout the organization. And what else?
Competitive advantage enables a firm to outperform rivals via cost leadership, differentiation, or focus. It fosters market share growth, profitability, and long-term success.
Induction training introduces new hires to an organization's culture, policies, and procedures, fostering a smooth transition and enhancing engagement and productivity.
Pay equity audits ensure fair compensation by identifying disparities in pay based on gender, race, or other factors, promoting an inclusive work environment.
Annual bonuses can boost motivation, retention & company success, but clarity, fairness, & transparency are key to avoid dissatisfaction & increased turnover.
Profit sharing schemes align employee interests with company success, boosting motivation, engagement, and collaboration, while requiring careful implementation.
Total Rewards Approach combines compensation, benefits, work-life balance, career development, and recognition to attract, retain, and engage top talent.
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.