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Human Resources are often overshadowed by marketing and sales. But remember that the people who work for you have made your company become what it is today. They are the same people who will help you achieve your business goals. Always keep in mind that the employees are your company’s greatest asset, and it’s therefore essential that you take care of them if you want your business to grow.
When it comes to taking care of the employees, the one department responsible for this is Human Resources. Below, let’s take a look at some ways HR can help to grow your business reliably.
1. Building and Conveying Strong Business Values
Business values are some of the most critical components for every successful business. The HR team can dedicate their time and effort to creating a value that can work for you and everyone in the organisation. Remember that it is the brand values that distinguish your company from the rest. Your values are also crucial to identifying how your employees should behave every day and the steps you need to take to achieve your goals.
Building a strong business value does not just spring up out of luck. It requires thoughtful and intentional identification of the core values that the organisation is built upon, and HR can help make this happen. Aside from building strong business values, your HR team can help with integrating these values into the operational areas of your business, including hiring new talents. During recruitment, HR will ask candidates about their own values and assess if they match the company values. Having a strong set of values, especially around diversity, inclusion and employee growth will attract candidates to the company whether you’re looking to improve you’re looking to fill HR jobs in Leeds or London, values transcend locational boundaries. Remember that organisational success often lies in the company’s ability to attract and retain the right talents.
2. Creating a Workplace where People want to Work
A negative work environment could make your employees unproductive, which can hinder business growth. If employees are not comfortable in their environment, this can affect the way they work, and eventually, you will see them leaving in search of a better work environment. Thus, it’s easy to see how important it is for Human Resources to pay close attention to the work environment and take the proper steps to create an environment where people want to work.
HR teams will work together with the upper management and encourage leaders to set a positive environment for everyone. Leaders play an essential role in setting the tone and culture in the organisation. They will also work with everyone in the team to achieve organisational goals. Those teams with the highest turnover rate will be assessed, and HR will immediately address any issues to prevent people from leaving.
3. Developing the Staff
One of HR’s most important roles is to motivate employees to perform at their best and maintain a culture of high morale. They can persuade company leaders to train and develop employees and reward those who perform well through better compensation and promotion.
HR professionals play an essential role in creating a work environment where every employee undergoes training and development activities. They will invite employees on a common platform and highlight the importance of training and how these initiatives can help them to grow personally and professionally. Human Resource professionals are the face of the organisation, and they not only interact with the managers or company leaders but with every individual within the organisation. They would even sit with employees and discuss any challenges they face in their line of work and outside of work.
4. Save Money on Recruitment
When you have an excellent team of HR professionals, you can save time and money by selecting the right candidate the first time around. You will not have to go through the painstaking process of searching for qualified professionals more than once, which saves you a lot of effort and energy.
Having an HR team who will facilitate your company’s recruitment process can help reduce the overall cost of your hiring activities. The hiring process is one of the most expensive aspects of running a company. You need to spend money on posting job vacancy ads, performing background checks, etc. And if you end up hiring the wrong person, aside from wasting time and effort looking for a replacement, you’ll also have to spend money doing the entire process over again. As such, you will end up spending twice for the total cost of recruitment. But you can avoid all this if you have an HR team that will hire an ideal candidate right from the start.
5. Effective Internal Promotion and Contract Management
Another way HR can help you grow your business is through effective internal promotion and contract management. With HR’s help, you don’t have to spend money on external hiring since they can get someone within the organisation who already knows the business. Internal promotion minimises recruiting expenses since you do not need to spend money posting ads and using resume databases to find qualified candidates. You also don’t need to pay for any background checks since you already have a record of the person’s background.
Promoting someone within the organisation comes with many advantages. No matter how good an external candidate is, hiring someone outside your organisation can come with a significant amount of risk. Even if they come highly recommended, there’s still a chance that they may not measure up or stick around long enough. Internal promotion does not carry the same level of risk. While you may not have seen that employee perform that role before, you’ve seen that employee work in your company. Thus, you already have first-hand knowledge of how they will perform and if they fit well into the company culture.
Aside from carrying out effective internal promotion, HR will also make sure that employment contracts are properly managed, which saves the company from absurd salary increases while rewarding and paying staff on time. An employee contract is a legally binding agreement between the employer and the employee, designed to protect both parties. HR can help manage employment contracts to avoid conflicts and misunderstandings and protect the company from any legal obligations.
