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78% of HR professionals struggle with the perceived value of HR’s worth, and 58% say that their organization’s leaders don’t fully recognize the value of HR’s contribution.
Yet, the HR function, more than other functions, engages in and affects the operation and execution of all business functions. HR functions intersect with other business functions. Therefore, properly aligning the HR strategy with the organization's business strategy is critical to the organization's mission.
HR's role bridges the gap between HR practices and the organization's unique needs. By customizing strategies and collaborating closely with business leaders, HR can evolve into a driving force behind the company's continued success. HR is asked to contribute strategically and develop people strategies that add value to bottom-line results.
HR can provide even more value by:
An HR Value Proposition is a strategic framework that outlines the unique value the HR function brings to an organization. The HRVP aims to align HR activities with the organization’s goals and objectives, ensuring that HR initiatives contribute to overall business success.
By aligning HR initiatives with the overall business strategy, the HR value proposition improves workforce capabilities, boosts employee engagement, and ensures a competitive edge.
This webinar will provide:
The webinar delves into the critical intersection of human resources and organizational strategy – with some of the key takeaways being:
All organizations are created to provide value - financial and/or non–financial - to their stakeholders. In light of today’s economic volatility and uncertainty, every aspect of business is being re-examined for its value in creating and sustaining profitable growth.
To successfully execute a business strategy, each function must align its departmental strategy with its overall business strategy.
And HR intersects with all other departments, making it a vital part of any business strategy. As a business strategy changes, it affects its people strategy. So, as a business’s priorities evolve, so do its people's priorities.
To add value to a business, HR must be able to support and enable the execution of strategy through building organizational capability. It comes from an intimate knowledge of the business strategy and the organization's capabilities. HR's great advantage in this area is that all methods are executed by people who must be supported, trained and equipped to fulfill the strategic vision. This is the fundamental role of HR, and its relevance cannot be underestimated. The primary role of HR is to build organizational capability to support the execution of business strategy.
Implementing a system for measuring and reporting the impact of HR initiatives, coupled with a feedback loop involving business leaders, ensures a continuous cycle of improvement and alignment. By leveraging analytics and feedback mechanisms to evaluate the effectiveness of HR programs and policies continuously, HR professionals can make any necessary adjustments in real time instead of just executing standardized HR programs.
Pete Tosh is the Founder of The Focus Group, a management consulting and training firm that assists organizations in sustaining profitable growth through four core disciplines:
The Focus Group has provided these consulting & training services to manufacturing & service organizations across the U.S., Canada, Europe & the Middle East. Prior to founding The Focus Group 25 years ago, Pete had 15 years of corporate leadership experience including serving as the V.P. of Human Resources & Quality
Pete frequently facilitates a variety of leadership development programs. Employees from over 3,500 organizations have benefited from Pete’s experience and perspective. Pete is also co-author of Leading Your Organization to the Next Level: The Core Disciplines of Sustained Profitable Growth.
ComplianceIQ is recognized by SHRM to offer Professional Development Credits (PDCs) for the SHRM-CPSM or SHRM-SCPSM. This program is valid for [1] PDCs for the SHRM-CPSM or SHRM-SCPSM. For more information about certification or recertification, please visit www.shrmcertification.org.
HR (General) recertification credit hours toward aPHR™, PHR®, PHRca®, SPHR®, GPHR®, PHRi™ and SPHRi™ recertification through HR Certification Institute® (HRCI®). Please make note of the activity ID number on your recertification application form. For more information about certification or recertification, please visit the HR Certification Institute website at www.hrci.org