Human Resource Management
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The function of the Human Resource (HR) department has been continually growing. Initially, members of the HR department did not understand the role of a strategic business partner. However, this perspective continues to evolve mainly due to changes experienced in the business environment and changing trends which provide HR with the perfect opportunity to become more strategic. HR professionals in different organizations are moving from tactical to strategic players through understanding how to create connections and aligning their duties with the overall business strategy of their company.
The focus on strategic planning by HR in regards to making the right decisions continues to increase. HR is one of the departments in a company that has to regularly assess the methods of execution of different ideas to evaluate what was done right and what was not to provide important insight on what to do in the future. In regards to Return On Investment (ROI) and decision-making, HR aims at offering quantifiable metrics used to help in improving performance (Gangrade, 2016). Also, the method provides an essential platform to identify the different ways in which the various services benefit a company.
The HR team deals with various sectors of an organization; these include leadership development, employee engagement, company productivity, and employee retention; these are crucial factors that allow companies to improve their performance. The management department, therefore, has to look for guidance from HR in regards to making decisions that lead to cost savings and increasing the productivity of the company.
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Though the role of the HR team has for the longest time been ignored when it comes to making critical decisions affecting different companies, this perception is continually changing.
References
Gangrade, I. (2016). What Is Return on Investment in Human Resources? LinkedIn. Retrieved from https://www.linkedin.com/pulse/what-return-investment-human-resources-isha-prasad
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