Increasing Role of HR in Today's Business World

Increasing Role of HR in Today’s Business World

The world today is constantly and rapidly changing. The days when HR was only a department which was largely focused on resolving employee issues and compliance are over. Today the HR has taken on a very bigger role in organizations, which contribute to the strategic dimensions the organizations plans to or must run in order to achieve success in the highly competitive markets.

This change in the role of HR comes due to the overall change in the working environment of today’s business world. Organizations are no more hierarchal there is a rising culture of learning, autonomy and team work in every organization. Those who still practice confined learning and communication are lagging behind in this highly competitive speed the business world is growing and developing on.

Technological advancements and open communication forums have given ways to employees and all departments to make their voice be heard and properly addressed. In such conditions, the role of HR has become more and more crucial and needs more focus then ever before. New norms are being set which the HR department of the organization has to fully comply with in order to succeed not just as a department but the organization as a whole. Here in this article we have identified and discussed few of these norms that are becoming the best HR practices of today.

 

  1. New business accomplice.

HR experts no longer just take on the responsibility of the backend support functions. Their highly detailed knowledge and expertise on the workforce has made them priceless parts of crucial teams, particularly with regards to the strategic decision making.

A July CareerBuilder overview of 88 CEOs at organizations with income of at any rate $50 million uncovered that a dominant part of CEOs (65 percent) concur that HR assessments carry more prominent weight with senior administration. Besides, 73% say that their HR personnel have given strategic information that they have joined into their business methodology.

What started this move in the CEO-HR relationship?

Business leaders are starting to understand the extraordinary knowledge that originates from HR and the part it plays in key business administration. Human resource experts make perfect business accomplices since they have understanding that nobody else in the organization has: knowledge into individual employees and the workforce in general.

HR cooperates with workers once a day and comprehends where their qualities and inadequacies lie. This empowers them to give significant suggestions on things, for example, abilities, skills deficiencies, skills progression, worker execution and fulfillment – the rundown goes on.

A staggering 90 percent of CEOs say it’s vital that HR experts be capable in workforce examination, with 35 percent saying it’s “significant,” as per the previously mentioned CareerBuilder overview – and that is stating something.

Where HR is concerned, technological advancement has paved new ways for the HR department by arranging for more opportunities to: go through strategizing with the organization’s authority, finding and securing top skills and working with employees.

We can conclude by saying that it’s a high time for HR departments of every organization to take a big leap forward so it can serve the right organization meaning and purpose and can help it achieve its strategic goals and objectives. It is imperative for HR to be keen to learn and take on new skills and roles the current developments in the business world are demanding them to, in order to attract the best talent to the organization and help the businesses to achieve the highest result and success rate. Those that don’t will without any doubts put not just themselves but their organizations as well in risk of becoming extinct.