Human resource management as an engine for company growth

Many think that human resource management is just a fancy term for something that has been around for years in this area. But this is not so. Human resource management is more than just organizing and hiring employees.

This concept refers to the efficient recruitment, retention and development of the best talent available in the company. Human resource management assumes that the greatest asset of a company is its talented employees, but why is it considered the engine for the growth of any company? This is what we will explain in this installment of People Next.

Why is human resource management important ?

• Human resource management helps attract talented employees

In today's market, there is a great war for talent. Or is that not what you want so much for your company? And to win the war, your company must stand out from the crowd.

Investing in human resource management helps you create a strong and superior employee brand capable of attracting the best professionals organically.

• Allows you to fill gaps in the workforce

No matter what the size or age of your company, attrition is one thing that always happens. Fortunately, investing in talent or human resource management ensures that gaps in critical areas of the workforce are identified early and promotes the continuous flow of talented employees within the company.

• encourage engagement

An engaged workforce is undoubtedly one of the top benefits of human resource management. An effective talent management strategy involves steps for employee engagement. Employee engagement not only helps create a productive workforce but also promotes development.

Human resource management includes each of the stages of the employee within the company, from their incorporation and growth to their retirement plans and long-term benefits. With all these strategies in place, it is logical that employee satisfaction increases and their commitment is strengthened.

• Retains quality talent for much longer

If having an engaged workforce is the number one benefit, then employee retention is next in line. There's no use hiring talent only to see them go after a while, right?

Research shows that companies that invest in human resource management end up having 69% less attrition than those that don't. Low attrition rates mean you end up saving resources and time on recruiting.

 

• more satisfied customers

Having happy employees leads to superior services and products in production, which translates to higher customer satisfaction!

 

Why should you start a good human resource management strategy today?

 

Human resource management could become an engine for the growth of your company because it contributes to the achievement of objectives, allows you to find the most suitable employees for each position and ensures that everyone has sufficient training to perform the tasks entrusted to them. and be efficient.

As a human resources manager, you must respond to the changes experienced at the workplace such as increased competition, increased pace and complexity, social, cultural or demographic changes, new trends, the productivity crisis and all those modern challenges that this area of ​​the company faces today.

One way to achieve this is by going beyond people management and developing initiatives that make people feel and act as members of the organization , actively participate in all processes and be the protagonists of change and improvements.

Few, if any, organizations today have an adequate supply of talent. There are gaps at the top of the organization, in the top to mid-level leadership ranks, and on the front lines. Talent is an increasingly scarce resource, so it must be managed to the maximum.

How can we begin today to promote human resource management as the engine for company growth?

The key components of a highly effective talent management process include:

• A clear understanding of the organization's current and future business strategies.

• Identification of the key gaps between the talent in place and the talent required to drive business success.

• A properly designed talent management plan to close talent gaps. It should also be integrated with strategic and business plans.

• Accurate hiring and promotion decisions.

• Connect individual and team goals with corporate goals, and provide clear expectations and feedback to manage performance.

• Talent development to improve performance in current positions as well as preparing to transition to the next level.

• A focus not only on the talent strategy itself, but on the elements necessary for successful execution.

• Measurement of business impact and workforce effectiveness during and after implementation.

 

Human resource management systems, enable human resources managers to closely monitor all processes, from recruiting and performance to learning and development.

HR has evolved remarkably over the last decade and at PeopleNext we invite you to instead of being afraid of what the changes mean for the human resources department or the professionals who work in it , adopt modern tools and technologies with to assume the changes and make the company strong.

 

At People Next we can help you implement the Success Factors human resources system , the human talent management software recognized by all industry analysts as the leader in integrated human talent management in its different categories, this system works daily to help companies like yours to achieve the best results based on a committed work team aligned with the company's objectives thanks to business execution software solutions that incorporate the latest research, the most intelligent technology and systems safest on the planet.

 

Would you like to know more about SAP SuccessFactors? Request a Demo . It is totally free and in it you will have the opportunity to learn about this human talent solution operating live and with business scenarios similar to those of your organization. In addition, a specialized consultant will help you to resolve any questions you have about it