New-age HR: The time is now!
People make companies. However, in many organisations, they are relegated to a secondary and tertiary position, thanks to technology and other priorities. However, in recent times, a new wave is enveloping the world. HR is no longer just a ‘hire and fire’ department, but something more. It should also contribute to the company strategy, curtail attrition and enhance productivity. But how? Read on…
HR’s higher agenda
All the traditional roles of HR should just be a foundation. What the HR department should really focus on is right now missing in organisations. Here are the ways HR can be given a reboot to make businesses flourish with lower attrition and higher productivity…
Empower HR
Just assigning the HR with the role of hiring and firing is no good anymore. The HR department should now be held accountable for skill development, gaps in capability, employee engagement and attrition. This requires the HR business partners to not only be resourceful but also smart advisers to the management team. And this can happen if they have a remarkable skill in data analytics and possess immense problem-solving capabilities due to their many years of experience.
Analyse people and their talents
Data science is crucial here. Not only do they throw up new perspectives on the talent hired by the company but also offer an everyday HR formula to follow for superior decision-making on the go. And these recommendations are based on facts that for example predict attrition before it happens. Not only does this capability help the company hire, retain and sustain talent in a systematic manner, it also ensures that nothing is piecemeal or adhoc, thereby eliminating haphazard functioning in the organisation.
Tweak HR functions
Make HR in a company more strategic than mere operational. Reduce the time spent on transactional functions and focus more on helping companies make more profits. And that can happen by curtailing attrition and driving more productivity. And this can happen by ensuring that the employees are well looked-after to drive continuous improvement through automation and systematic procedures.
Make HR more agile
Hiring should be in line with value and not just to fill an adhoc vacancy. That’s where agile HR comes in. Using a combination of people analytics and productivity tools, firms can usher in HR agility by hiring well-experienced HR business partners who can reduce the HR budget by a quarter at the end of the first year and by almost 40% at the end of three years. When talent is hired in line with the company’s business strategy, much can be achieved. And here is where deep specialists in HR can come in really handy. And that is precisely what PeopleOn offers. Take a look at Who We Are and What We Do to know more.
