Companies don’t usually consider the Human Resource (HR) department as the most important department in a company. It is such a shame because HR is critical to the success of every organization. In fact, HR is the key to company’s success. Without an effective and efficient HR team, there will be no talents in the company, and without talented people who are dedicated to the company, there will be no business.
Companies usually forget things that HR does, as it’s mostly behind-the-scenes work. The scope of the HR department is more than just processing payroll and setting employee health benefits. HR plays an essential role in developing a company’s strategy by enhancing employees’ perception throughout the workforce, and providing a well-rounded experience for employees.
Here are three HR functions that are key in running a business:
1) Recruiting Top Talent
The HR team have way more people to deal with than just the new employees.
The HR team is dedicated to hiring the best talent for the company. Recruiting is actually a very complex process and many companies lose money due to inefficient recruiting. The HR team is responsible for recruiting qualified candidates and filling up positions with top talent as quickly as possible. Even though many don’t usually emphasize this, HR leaders often try to find the right fit for the job so that employees will be happier and more invested in the company’s success.
Everyone else sees the employed candidates only after they’ve joined the company. The HR team has way more people to deal with than just new employees. This includes the candidates that were rejected – some of whom might be not just upset but even angry at being rejected. The HR team then has to take measures to ensure the overall brand image of the company is not affected.
Sometimes the recruitment process might take a little longer than expected. This is because HR leaders are not trying to hire people as fast and cheaply as possible, but they are looking for the best people which will benefit the company more in the long run. When these talents stick around, retention allows the company to keep moving forward – saving both time and money. Again, HR is the key to company’s success.
The cost of hiring new employees includes training and ramp-up time, which can be really expensive for employers. If the HR team plannes the recruitment and selection process well, there will be cost savings from expenses spent on advertising, training, and enrolling new employees.
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2) Employee Engagement
The success of a business depends highly on the success of its employees.
Employee engagement is one of the biggest workplace problems. However, the HR team is always looking for the best engagement strategies for their employees that will fit the company culture. The success of a business depends highly on the success of its employees. If employees are not performing to the best of their abilities or if they are not satisfied with their roles, the company will suffer. Thus, another key aspect of human resource management involves establishing and maintaining positive working relationships among employees.
Research has shown that engaging and giving recognition to employees has a huge impact. When you give recofnition, employees feel more appreciated, engaged, and productive. With carefully designed employee surveys, focus groups, and an exit interview strategy, the HR team can determine what caused employee dissatisfaction and address those issues to motivate employees.
Also check out our ultimate visual guide The Biggest Challenges in Recruitment and How to Solve Them. It will give you concrete ideas on how to enhance your recruitment process, provide better candidate experience, and make sure you catch your ideal candidates, even the ones that are not actively looking for a career switch or that might get lost in the process due to unconscious bias.