The Role of HR in Business Growth
Businesses sustain or prosper because they provide high-class or world-class products or services to their company. To design and develop world-class products, you need high-quality human resources as well. Therefore, your recruitment plays a major role here. HR can contribute to bringing more business to the company by recruiting the right kind of persons.
Training and Development
However, merely recruiting job-fit persons is not sufficient. They need to be trained as well. Therefore, training on functional and behavioral competencies also plays a major role.
Performance Management
You have recruited the right kind of persons, and you have trained them as well. But is their performance meeting the expected standards? Therefore, you can create a sound Performance Management System (PMS) to ensure that you measure the performance accurately. Furthermore, it is not just sufficient to measure individual performance but also to measure organizational performance vis-a-vis individual performance.
Cost Management
To contribute to the business plan, you may measure the costs associated with your business and assign the management of these costs to the respective HODs.
Authority in HR
There are many things that HR can do, but everything bogs down without authority. Do you have sufficient authority? Without authority, it will be empty rhetoric, which is the destiny of a large number of HR professionals. For further queries, feel free to contact me.
Thanks,
Dinesh Divekar