Regardless of your industry or niche, your human resources department is, in many ways, the lifeblood of your entire operation, especially when your business in is its infancy.
In our hyper-connected digital age, a company’s HR department is not only responsible for spearheading initiatives surrounding talent acquisition and employee management, but it also plays a pivotal role concerning training & development, staff engagement and fostering a positive company culture.
When your company is in the early stages of its development, you will need a competent and cohesive HR team on your side to help steer your success from the get-go.
There are a host of benefits to utilising a human resources team to help shape your company and here we’re going to explore, starting with company culture.
Studies suggest that businesses with the most motivated and engaged employees perform around 20% better than their direct competitors.
Your budding business can only grow and evolve if everyone within it is pulling in the same direction. Without internal cohesion, interdepartmental collaboration and shared values, your venture will only go so far. That’s why company culture is so vital.
By establishing strong internal values, guidelines, practices and processes, your HR department will help you to create a working environment where everyone is happy, engaged, productive and 100% in tune with your core business strategies.
By working together with your HR team, you’ll be able to cultivate – and maintain – a company culture that helps retain talent while fostering growth on a continual basis.
The digital world is in a state of continual change which means that what’s relevant today may be obsolete tomorrow. In fact, 90% of organisations currently feel there is a significant digital skills shortage, while 12.6 million adults in the UK alone are lacking fundamental digital skills.
That said, to ensure your company is able to evolve and adapt to continual change, offering your staff opportunities to refine their skills and learn new competencies is the key to survival. And, a robust HR solution will empower you to build sustainable continuous learning initiatives.
Human resources development (HRD) focuses on training the talent within your organisation to help them thrive their existing roles while developing skills for future challenges and responsibilities.
Through strategic planning, HR can help everyone in your organisation develop their skills by providing access to flexible courses, internal tools and resources, self-led assessments and continuous learning programmes tailored to the individual goals of your employees.
Your organisation will only flourish as much as the people working within it, which means that providing cutting-edge training & development opportunities are a must if you want to succeed in the long term. Your HR personnel will help you to develop, deliver and manage this area of the business efficiently and on a continual basis.
47% of HR leaders state that employee retention and turnover is their primary workforce management challenge.
Investing in strategies to help recruit the best talent for your business is essential if you want your company to grow over time.
By developing innovative initiatives for acquiring qualified employees, managing the recruitment journey, onboarding new employees, and driving engagement through support reward and recognition, the right HR solution will help you to reduce staff turnover while giving your talent the tools to exceed their goals, driving the company forward in the process.
Activities to help you do this include:
“Talent is the multiplier. The more energy and attention you invest in it, the greater the yield.” – Marcus Buckingham, author, motivational speaker and revered business consultant
Concept, product, service or idea aside, it’s the people that will ensure your company gets to where it needs to be and remains there for years to come. By investing in human resources you’re investing in the talent that will propel your venture to new and exciting heights from day one – and that’s priceless.
For more organisational pearls of wisdom, explore our guide to retaining the right talent for your company.