Importance of HR

If you are focused on productivity, the value of HR may not be readily apparent. You may see the need, but don’t know if hiring a human resource professional will bring a positive ROI. Many choose not to field an HR team, then find that their concerns only grow more severe as the company increases in size.

How important is HR for your business? Can human resources help your business be more profitable? If so, how do you measure it?

If you’re not sure about the value of HR for your organization, here is why HR is so important for any modern business.  HR supports:

  • Overseeing legal concerns – State and federal agencies have what can seem like countless compliance standards.  You’ll need help staying up-to-date on these requirements
  • Managing time off and mandated benefits — Even if you don’t offer health or dental coverage, you are still required to offer some benefits, like sick pay and leave for the birth of a child.  It is up to HR to manage schedules, time off, and compliance.
  • Interviewing and evaluating – Make sure that your new hires are the highest quality and best fit, and that you follow the law in your hiring practices
  • Training managers & employees — More training is now required by law, and HR should take the lead on conducting (and documenting) that training.  HR can train managers to be better at supporting retention and productivity and employees to have the skills they need to take you to the next level.
  • Streamlining the onboarding process — Bringing people onboard is a challenge.  Documenting the process, complying with the law, and knowing what to keep and for how long is part of HR’s function.
  • Resolving interpersonal conflicts — HR professionals receive specialized training to mediate conflicts between employees and between employees and management.  Investigations should only be conducted by trained professionals.

 

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