It’s the start of a brand new year and a brand new decade but if you want your business to succeed in 2020 you need to look after your employees, as they really are your greatest asset.
By getting the best out of your employees, by treating them fairly and providing growth opportunities you can achieve this. However, if you treat them unfairly or poorly they will most likely under perform and probably leave.
This is why HR is vital for every business however big or small.
WHAT ARE THE SOME OF THE MAIN FUNCTIONS OF HR?
- RECRUITMENT AND ONBOARDING
One of the most challenging aspects of business can be finding the right people, and if you get this process wrong is can be costly and time consuming. Finding a great fit when it comes to talent recruitment is a vital aspect of HR the process. Hand in hand with recruitment is the onboarding process, it’s the whole experience of hiring, welcoming and engaging a new employee into your business.
If you onboard poorly this can lead to a negative impact and leave talented new employees disengaged from the start. If you do the process well this maximises employee engagement and increases retention.
HR also has a critical role to play in developing a positive business culture, employee wellbeing and personal development.
- PERFORMANCE MANAGEMENT, TRAINING AND DEVELOPMENT
Performance management, training and development are important part of the HR function. Performance management will help managers offer support to employees that need it and also identify potential future stars!
Training and personal development helps to reduce any weak links within a business. So by investing in your employees it only strengthens your business and gives a competitive edge.
- LEGAL AND REGULATORY COMPLIANCE
Any HR professional will have a full understanding of employment law and all of the regulatory requirements of a business when it comes to their people. This is a massive area and not be underestimated. An unfair dismissal claim can be an expensive mistake. Think tribunal!
It’s essential that a business has dedicated HR professional, for a small business this may mean a part-time HR manager to begin with or an outsourced HR company (like us, who can deal with the whole employee life-cycle). Having someone to deal with everything employee related from absence management, employee grievances, holiday entitlement, pay, to maternity and paternity policies will ensure your business is kept compliant.
HR – WHY IS IT SO IMPORTANT?
Unfortunately in small businesses HR is sometimes overlooked and many business owners underestimate that managing employees takes time and specific skills.
But as a business grows, owners often just don’t have the time to deal with the normal day-to-day people management and recruitment, therefore, without HR and a talented, focused team your business can flounder.
HR encompasses all aspects of people management, communication and is essential in building a positive culture. By getting your HR right you are half way to making your business dreams a reality.
If you consider the consequences of poor HR, employees not feeling supported, not being given opportunities to progress and succeed, working long hours, and so on, their motivation to perform is affected. If you have no HR or it is ineffective, ultimately it will affect your bottom line.
If you would like to discuss how HR Revolution can support you with your HR and Talent needs please do get in touch:+44 203 538 5311 or email: hello@hrrevolution.co.uk
