Refreshing Insights. Human Resources HR Services. Use work to engage employees When we think of employee engagement, we typically think about flexible schedules, wellness initiatives and teambuilding events—things that build culture and comradery outside of job duties. Initiate growth and development opportunities A recent report indicates that 70 percent of employees believe better training would help them become more focused, prevent distractions and return more job excitement in the form of continuous improvement.
No Time to Strategize? Subscribe to our blog! You may also like these articles. Human Resources. Why Are Your Employees Stressed? Want to Hire Talented Humans? Stop Recruiting Like A Robot.
A collection of articles from the McClone team with the helpful knowledge and insights to ensure your organization is well protected. No Comments Yet Let us know what you think. E Careers Contact Us. Engagement can translate into higher profits for organizations because employees who are fully engaged may be more productive.
The article reports that "companies with engaged employees boosted operating income by 19 percent compared to companies with the lowest percentage of engaged employees, which saw operating income fall 33 percent.
Turnover is costly, particularly for small businesses. Calculate the expenses associated with terminations, staff time necessary to explain continuation of benefits to departing employees and seemingly insignificant costs like transferring keys, reconfiguring passwords and collecting an employee's badge. The costs add up. When HR reduces turnover, the savings help the bottom line enormously, which adds to the company's revenue. Because employee turnover is expensive.
It costs organizations billions of dollars every year to lose valued employees. Engaged employees are happy and fulfilled; they have no reason to consider leaving. Based on some of the highly publicized settlements of employment discrimination cases, just one seven-figure settlement for a lawsuit can cripple a small business.
Today, the HR department is about looking after your biggest asset, the employees. We want HR to drive profits through engaged and empowered teams. Not through using whips, chains and scare tactics. That was the way it used to be in the dark ages.
Today, the purpose of HR is Driving Profits through employees. They are one of the biggest assets of your business. So, looking after their wellbeing, safety and happiness is essential. According to Inc. Devised for the management of people within an organization. The responsibilities of a human resource manager fall into three major areas. The purpose of HRM is to maximize the productivity of an organization.
By optimizing the effectiveness of its employees. This mandate is unlikely to change in any fundamental way. Despite the ever-increasing pace of change in the business world. Align the workforce with the business. And be an excellent contributor to the business. Those three challenges will never change. Quite a few business owners will try to do HR on their own to keep costs down. Sometimes you cannot resolve it on your own. Or it would be better not to try to.
A good operations or general manager, with training can do a good job of engaging and leading a team. But sometimes personal issues and misguided opinions can get in the way. Getting an independent perspective on the situation is faster and more efficient. An affordable option is to hire a HR Consultant. They can review the situation without emotion and find solutions.
HR is for driving profits in business. By optimising the effectiveness of your employees. This process is not done once and then repeats on its own. It requires a systematic and ongoing focus on activities that improve employee performance. Also saving you thousands of dollars in costly mistakes. There has been a large amount of research in business profitability.
And the link to good Human Resources Management practices as sited here:. You can learn from this research and apply it in your business. Use good human resources management to drive profits. HR is not something you must do to follow the Law. Use effective human resources management to dive profits.
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