Is HR Just a Cost or Can It Be an Investment? Share Your Thoughts on Transforming HR in Various Industries

gauritomar
Dear All,

It has been observed that HR/Personnel Management is treated as a cost center rather than an investment or profit center. Due to the IT industry, it has gained recognition and respect within the organization. However, in other industries such as paper, manufacturing, and construction - particularly in the unorganized sector - HR, admin, and personnel are often considered synonymous.

I believe that HR professionals face significant challenges in these sectors. Service industries have realized the importance of HR as the backbone of the organization. It all begins with recruitment; proper manpower planning and hiring individuals according to job specifications are crucial. HR can provide returns to the company when employees deliver results and outputs.

Another key investment for HR is training personnel to bridge the gap between existing skills and those required, enabling employees to become more competent and enhance their outputs.

There are various other factors that can transform HR into an investment center. Please share your suggestions on how to achieve this.

Regards,

Gauri Tomar
rajeshchakraborty29
Dear Gauri,

I do agree with you that HR or personnel gained recognition after the rise of IT or service sectors. Previously, it was treated as a service department, and there is no difference between HR, personnel, and admin.

Thanks & regards,

Rajesh Chakraborty
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