HR Strategy - Why do you need one?
HR Strategy - “The direction and scope of an organisation over the long term, which achieves competitive advantage for the organisation through its configuration of people resources within and to fulfil customer expectations.” – Johnson and Scholes
A successful human resources strategy ensures that each employee has the necessary resources to successfully complete their role, aligning with the forward progression of the organisation. Therefore, a human resource strategy incorporates the core responsibilities of a human resource department, and the overall vision, goals and mission of the organisation.
The responsibilities of a human resources department include the recruitment and training of new staff, resolving conflict, ensuring adherence to relevant legislation, employee benefits, review and goal setting, personal development, dismissal, termination and exit interviews.
So, why do businesses need a human resources strategy?
Human resource activities that are consistent and compliment your business objectives help organisations achieve financial and commercial objectives much faster than those who do not. The following are some of the many reasons why having a HR strategy aligned with the aims and objectives of your company is paramount to its success:
Having the right staff will help you to achieve your growth targets, therefore increase profitability.
Focusing on the development of staff not only helps achieve objectives, but improves staff productivity.
Having efficient resources (people) reduces your costs (time and money).
Happy staff = less customer complaints = more profit = GROWTH
Retention - If staff can see they are contributing to the goals of the business they will stay
Being productive and aligned in all areas of your business means you can be better than your competitors.
Word of a good company gets around. Be known as the good guy.
If you build it, they will come. If you are on your game recruitment will be easier. The best talent will want to come and work with (not for) you.
How do you develop a strong HR strategy?
You have two options, keeps things in house and come up with a strategy you think works, or outsource to someone who can look at things from an external perspective, and will not be biased.
Trayne Consulting is able to provide tailored HR strategies to any business, no matter how big or small.
Whether your business needs to be pointed in the right direction or needs a long term HR strategy, Trayne Consulting can help. We recognise that at times even the most effective HR teams need to outsource parts of the process whether due to time restraints, manpower, cost or simply to get an external perspective.
At Trayne Consulting, our HR experts partner with our client's to provide a wide variety of solutions – to find out more, click here.
Contact us today!