Gone are the days of HR solely focussing on paperwork and payroll. In today’s world, the role of HR has evolved into a strategic cornerstone of strategy. This is accomplished in many ways, from building the workforce the company relies so heavily on, to utilising data to inform business strategies.
So, why does HR matter to a company strategy? Whilst many believe the traditionally strategic sectors like operations or sales have the largest impact on company direction and growth, HR actually has a unique positioning where they have a deep understanding of the workforce, its strengths, weaknesses, aspirations, and any talent gaps. This allows HR to attract and retain the top talent that are crucial to a company’s success. With recent advances in technology and data analytics, HR are able to quantitatively report on the company’s staff, giving them a strong strategic presence that is informed by data.
For HR to effectively contribute to strategic decision-making, they need to be involved in the conversation from the get-go. This means having a seat at the strategy table with other key decision-makers. Having HR actively participate in these discussions, they can bring a unique perspective to the table and ensure the company’s people strategy is aligned with the overall business objectives, and future plans.
HR is a key area, overlooked by so many businesses. They are responsible for many key functions of a company, and help source the very people a business so heavily relies on. With the development of the field over recent years, HR’s role has shifted to that of a key strategic position. With advances in data analytics, talent acquisition, people development, human capital planning, and more, HR professionals can demonstrate expertise in these areas and have a strong influence on business strategies.
At ParadigmHR, we offer a range of services and resources to help companies get the most of their HR departments, and offer data-driven insights that will aid in the strategic decisions of a business. Contact us today to learn more about how we can help you.
Gone are the days of HR solely focussing on paperwork and payroll. In today’s world, the role of HR has evolved into a strategic cornerstone of strategy. This is accomplished in many ways, from building the workforce the company relies so heavily on, to utilising data to inform business strategies.
So, why does HR matter to a company strategy? Whilst many believe the traditionally strategic sectors like operations or sales have the largest impact on company direction and growth, HR actually has a unique positioning where they have a deep understanding of the workforce, its strengths, weaknesses, aspirations, and any talent gaps. This allows HR to attract and retain the top talent that are crucial to a company’s success. With recent advances in technology and data analytics, HR are able to quantitatively report on the company’s staff, giving them a strong strategic presence that is informed by data.
For HR to effectively contribute to strategic decision-making, they need to be involved in the conversation from the get-go. This means having a seat at the strategy table with other key decision-makers. Having HR actively participate in these discussions, they can bring a unique perspective to the table and ensure the company’s people strategy is aligned with the overall business objectives, and future plans.
HR is a key area, overlooked by so many businesses. They are responsible for many key functions of a company, and help source the very people a business so heavily relies on. With the development of the field over recent years, HR’s role has shifted to that of a key strategic position. With advances in data analytics, talent acquisition, people development, human capital planning, and more, HR professionals can demonstrate expertise in these areas and have a strong influence on business strategies.
At ParadigmHR, we offer a range of services and resources to help companies get the most of their HR departments, and offer data-driven insights that will aid in the strategic decisions of a business. Contact us today to learn more about how we can help you.