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The days of thinking about human resources (HR) as merely a supportive, administrative function – say, passively managing employee documentation, overseeing timekeeping and administering payroll – are long over. Increasingly, leaders are recognizing the broader value of HR as a strategic partner and the critical importance of HR in overall business success.
If we think of people as the foundation and most vital asset of any company, then it’s clear that HR can significantly impact nearly every aspect of a business.
In today’s workplace, what all does HR encompass? What is the purpose of HR?
Certainly, no organization today can thrive without a robust HR strategy, especially as businesses grow in size, geographical reach and complexity. This point is beyond debate.
When implemented well, HR is the key that unlocks success. On the other hand, if HR is not implemented well, the consequences can be disastrous.
As it turns out, it’s not enough to simply have an HR function. How you HR matters greatly to the long-term outlook of your organization.
What we’ll introduce in this discussion:
A robust, effective and successful HR strategy is one that is:
When HR is executed well, businesses reach their goals and achieve desired business outcomes. There exists a direct connection between effective HR practices and these outcomes.
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