[fusion_builder_container background_color=”” background_image=”” background_parallax=”none” enable_mobile=”no” parallax_speed=”0.3″ background_repeat=”no-repeat” background_position=”left top” video_url=”” video_aspect_ratio=”16:9″ video_webm=”” video_mp4=”” video_ogv=”” video_preview_image=”” overlay_color=”” overlay_opacity=”0.5″ video_mute=”yes” video_loop=”yes” fade=”no” border_size=”0px” border_color=”” border_style=”” padding_top=”20″ padding_bottom=”20″ padding_left=”” padding_right=”” hundred_percent=”no” equal_height_columns=”no” hide_on_mobile=”no” menu_anchor=”” class=”” id=””][fusion_builder_row][fusion_builder_column type=”1_1″ background_position=”left top” background_color=”” border_size=”” border_color=”” border_style=”solid” spacing=”yes” background_image=”” background_repeat=”no-repeat” padding=”” margin_top=”0px” margin_bottom=”0px” class=”” id=”” animation_type=”” animation_speed=”0.3″ animation_direction=”left” hide_on_mobile=”no” center_content=”no” min_height=”none”][fusion_text]I have found, when working with SME’s, that many don’t have a clear strategy of how to manage and develop their people. In most cases this can be attributed to two main challenges, the absence of a clear vision for where the business is going and the lack of skills to translate that into a people plan. It is not surprising then to see so many small businesses flounder when it comes to their people.
The benefits of having a documented and living HR strategy are clear.
- Supports the achievement of business goals and objectives
- Provides a framework where performance can be measured and managed effectively
- Enables effective communication through a clear narrative and plan
- Allows the business to plan in flexibility and ability to adapt to change
- Supports the recruitment and development of great teams
According to the CIPD businesses with a written HR strategy generated 35 per cent higher revenues per employee than those without one.
The Global Human Capital Survey Report found that 58 per cent of businesses had a documented HR strategy, with 96 per cent of those firms linking it to their business objectives. Those with a written strategy reported higher revenues per employee.
The research, carried out by PricewaterhouseCoopers, surveyed 1,000 employers worldwide.
Kevin Delany, partner at PwC said: “Our research clearly shows that effective people management does add value to organisations by putting the right practices in place to create a good employment environment.”
Angela Baron, CIPD adviser for organisation and resourcing, said the report supported institute findings. “It reinforces the message from our own research that HR strategy should be linked to business strategy.”
Other benefits included lower absenteeism and more effective performance management and reward systems, the research said.
Maybe it’s time to consider how your business and bottom line could benefit by having a clear HR strategy and plan.
If you’d like to explore this further then please contact me at kate@ia4b.co.uk[/fusion_text][/fusion_builder_column][/fusion_builder_row][/fusion_builder_container]
