What people think HR is about:
• Hiring
• Onboarding
• Setting policies
• Handling payroll
• Resolving arguments
• Reviewing performance
• Data entry and paperwork
What HR is actually about:
• Growing company revenue
• Changing company culture
• Supporting employee growth
• Building a culture of belonging
• Helping employees feel relaxed
• Saving company a lot of expenses
• Partnering with finance to align goals
• Driving employee long-term retention
Modern HR focuses on 3 areas:
1. Collaboration
2. Talent Strategy
3. Company growth
HR drives high value but sadly, its broader impact is often overlooked.
If HR doesn’t advocate for its seat at the table, no one else will.
Agree? Disagree?
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An HR benchmark survey of over 2,000 small businesses showed that the fastest-growing companies were 20% more likely to embrace HR best practices.
But what do HR best practices entail, and why are they so important?
In today’s article, Erik van Vulpen talks about best practices for HR and touches on:
What HR best practices are.
The impact of HR best practices:
Driving overall business performance
Reducing operational costs
Building a sustainable competitive advantage
Improving adaptability to market changes
Supporting scalability
10 HR best practices to implement:
Providing security to employees
Selective hiring: Hiring the right people
Self-managed and effective teams
Fair and performance-based compensation
Training in relevant skills
Creating a flat and egalitarian organization
Easy access to information
Transparency
Employee engagement
Performance management
A reality check on Human Resource Management best practices
9 Tips on how to implement HR best practices:
Secure a sufficient budget
Get leadership buy-in
Upskill HR professionals
Use data-driven decision-making
Leverage technology
Foster continuous feedback loops
Standardize processes
Monitor and adapt policies
Understand the collective effect of HR best practices
As an HR professional, what is your experience following best practices? Would you recommend it (or not), and if so, why?