Aligning Human Resources and Business

Attracting the best and brightest employees, developing them and retaining them is a challenge for any organization. The role of the Human Resources function has changed dramatically over the past few decades and will become increasingly more strategic in nature in the future. With the changing landscape of Human Resources management in the years to come, strategic planning will be the key for HR to meet those needs and to succeed.

It seems that finally CEO’s are willing to give HR Managers a significant role in strategic decisions. To gain a stake as “Strategic Partners”, HR professionals should focus on two major issues- Return & Growth. Hr professionals can create economic value from these sources:

Employee turnover and retention
Revenue Vs Employee Costs
Expenditure on the HR function and related activities

These three factors relate to three important HR goals:

Attracting, developing and retaining staff
Aligning, engaging, measuring and rewarding performance
Controlling or reducing HR costs

HR related measures for growth needs to be handled with care and should be tailored to the organizations' goals. HR measures should be devised keeping in mind increase in performance & profitability. Following can be attributed as growth related HR measures:

Leadership Development
Increased employee engagement
Diversity in work force
Work-Life balance