Human Resource management is not the most straightforward job in the world. It’s a job that requires a lot of strategic planning that will not help the company progress but also significantly impact the company’s work culture and the business aspect.
Even though HR strategies are as important as sunlight, they are often not given the attention and importance it deserves. To see your company grow to its highest potential, you need to know the ins and outs of effective HR strategies.
Everyone knows that no two businesses are the same, so you will surely need to curate your personalized HR strategies for them to work. Nevertheless, we have just the article for you if you want to revamp your practices regarding Human Resources.
These examples will help your company in terms of growth, productivity, and positivity in the workplace.
Here are 10 example hr strategies that might help
Hire With A Purpose
This is the first step that every HR department focuses on. Since the department is in charge of all recruitment, these few initial steps are crucial to the game. Simply put, you must be sure about what you want and who you want. Be clear in your job advertisements and tell potential applicants what your company is looking for.
The job descriptions should be simple, short, and straight to the point. Once you have this, narrow down your list of candidates and perform a thorough screening and interview process. This will help you determine who is fit for the job and who isn’t.
It’s crucial to have charismatic employees and those with interesting personalities, but you must remember that you need people who know what the job will require. They don’t need years of experience under their belts, but a little experience would be helpful. If not, they should have good knowledge about the subject matter.
Hiring suitable candidates can be tricky and tedious, but you should understand that this step plays an incredibly vital role in how the rest of the process pans out. The ideal candidate for each role is different, so you have to understand what you need to look for in your candidates before making a final decision.
As a side note, aligning your company values and goals with your candidates might also be helpful. This way, you’ll know that there isn’t a clash between the principles held by your company and your employee.
Look After Your Employees’ Well-Being.
In 2016, the CIPD stated that although companies need to hire the right talent into their workforce, ensuring their employees are happy and content in the workplace is just as important. Not only does this promote a healthy work-life, but it also increases productivity in the company.
The Mental Health Foundation stated that focusing on employees’ well-being increases work productivity by at least 12% and that a dedicated Employee Assistance program would benefit all businesses.
To promote emotional and mental well-being among employees, the company can start providing different means, such as mental break days, yoga flows, and mindfulness meditations, and have them fill out well-being questionnaires regularly. This will help your employees know that you prioritize their mental well-being, paving the way for a healthy workplace environment.
Let Your Employees Feel Welcome
You can call it the onboarding experience. This includes the orientation process, where you get your employees accustomed to each other and the company itself. This is a crucial step that many companies tend to overlook. You’re already spending a lot of money during the recruitment process, so it only makes sense that the next step be worth every penny you have spent.
Likely, employees who have a less than satisfactory experience with the onboarding process will lean towards looking for other job opportunities and may leave the company the first chance they get. Like any other aspect of your life, the first impression truly does matter, even within the company.
The onboarding process is the first impression you make on your employees, so make them feel as welcomed as possible, creating a solid foundation for long-term partnerships. You can develop creative ideas to make the orientation programs more fun and engaging.
You want to give the impression that the workplace that your new employees will be joining is one that they can easily connect with. You’ve already done the hard part of hiring suitable candidates. Now all you have to do is make sure that they stay with you and contribute to your company’s growth.
Provide Your Employees With Ample Growth Opportunities
The best type of Human Resource is when you create a space for your employees to grow with the company. You already know what the employees are capable of, so it only makes sense that you allow them to reach their full potential, which will benefit them and the company.
With more opportunities to learn, employees gain more knowledge and skill that they utilize in the field. It also boosts creativity.
In a report submitted by the Work Institute in 2020, it was found that at least 78% of the reasons their employees quit their jobs could have been averted if only their employer had considered their woes.
In addition, the stagnant position that many people experience in their jobs is another reason for high turnover rates.
So what’s the takeaway from this?
It means you have to give your employees opportunities to apply for promotions within the company. This gives them the prospect of a higher paying job, more responsibilities, and hence, higher respect and value to the company.
This inadvertently makes the employees feel good about themselves and the company, so they are less likely to quit their jobs.
Transparent And Free Communication Channels
Communication is essential in any type of relationship, whether professional or personal. Regarding the relationship between employees and employers, there’s nothing more important than establishing a relationship grounded in open and honest communication.
As a superior, you do not want to look like a dictator barking orders at your employees to get things done. On the other hand, you also don’t want to come off as too much of a laid-back person they have no respect for.
Find the right balance and communicate with your employees as often as possible. There are many companies where the employees know nothing about their CEOs or superiors. This kind of relationship creates a barrier between the two, making it harder to understand each other and ultimately affecting the business’s productivity.
It’s good to practice positive reinforcement which your employees and let them know that their work is not going unnoticed. Appreciate your employees publicly, so they know you are paying attention to their efforts.
When it comes to issues and criticisms that you need to address, make sure that you deal with them in private so that you don’t embarrass them or put them on the spot in front of all their colleagues.
It’s also just as important to know how to communicate with each employee in the most effective way. Some people might appreciate it when you are firm in your approach, while some might be more comfortable with a softer approach. Take the time to understand how everyone functions and work your way around it.
When you have big decisions, try to engage your employees as much as possible. Listen to their inputs and open a platform where everyone can come forward with their opinions.
This kind of “all hands on deck” concept helps employees feel motivated to work and instills a sense of positivity about their company, so you naturally Experience more productivity.
Learn more about the importance of communication in the workplace here.
Offers Bonuses And Benefit Packages
When you recruit your employees, you’re already offering them many benefits like life insurance, pension contribution, sick paid leaves, etc. While these also look attractive, there’s something even more special about getting an exclusive reward.
Like in any other scenario, your employees also look forward to gifts and rewards from the company. Remember to reward your best employee and your choice of second and third best employees so that you motivate them to reach the top next time.
The bonus or benefits package does more than offer employees with monetary rewards and gift certificates. It shows them that they are appreciated for their work and contributions to the company and, most of all, feel valued.
This, in turn, benefits the company in terms of employee productivity and a better understanding of company values and work culture.
For years before the 2020 pandemic hit the world, employee benefits included fun things at the office, like the physical aesthetics of the workplace, ping pong tables for breaks, vending machines, or bean bags. Now that much of the world has moved on to the digital platform; employees often look for benefits in terms of health insurance or work hours flexibility.
One of the most outstanding examples of this new moral adaptation comes from some of the biggest companies in the world, like Microsoft, which has taken the initiative to have 24 hour NurseLine for anyone who needs help.
Twitter, another major social media platform, announced that its one-time remote working office had become a full-fledged permanent office.
Offer Competitive Salaries
Money is one of the top deciding factors when choosing between two or more job opportunities. Candidates are aware of their contribution to the company and expect they are paid in kind for their services.
As you can see, it is an excellent driving point for many potential employees. Hence, it makes sense for you to offer your employees a reasonable income that tracks well with fellow employees from other companies.
You know how competitive the market is regarding hiring the best talents. To get your pick at the best candidates for the job, offer them good packages and competitive salaries so that it appeals to them.
However, note that Competitive salaries are not just to attract candidates to your company. It is also to motivate them to work better. When employees get paid a reasonable amount, it allows them to put in the effort, feel appreciated for their hard work, and make them more productive.
Integrate Corporate Social Responsibility
Corporate Social Responsibility (CSR) is essential to today’s corporate world. Many people are starting to only engage with companies and businesses with CSR as a significant part of the company.
The HR department is the one responsible for the creation of this culture in the workplace. Since HR works directly with the employees, it only makes sense that HR plays a vital role in teaching the social responsibility work culture within the company.
Since CSR is ultimately a people-oriented approach, the contribution of the HR department in this aspect is significant. They are the only ones with the tools and tactics to encourage employees to participate in this movement.
The most effective way of implementing CSR within the company is by making it a part of your recruitment process. In this way, all employees are aware of their social responsibilities from when the company hires them. It also generates a self-sustaining cycle which is beneficial in the long run.
CSR promotes the role of the company and its employees in issues about the economic, societal, and environmental aspects, which appeals to both potential employees and customers. Global companies like Ben & Jerry’s ice cream are also part of a great movement that supports issues related to racial injustice and refugees.
Likewise, when your company decides to take up world issues and tackle them, you create a much more authentic and reliable company brand that appeases the masses. You’re also seen as a model company in the industry, ultimately leading to your business’ success.
Diversify And Focus On Inclusion
There’s probably nothing more critical to a company’s success in today’s time than incorporating a diverse and inclusive workforce. It’s the job of the HR department to ensure that their hiring and recruitment process includes a diverse group of people so that the workplace is as inclusive as possible.
Now that the world is becoming more progressive, it’s essential that company cultures also grow along with the world and aim to achieve success in diversity. According to the Glassdoor website, at least 50% of employees in the workforce want their employers to be more diverse and take measurable steps to bring inclusivity to the workplace.
For your company’s ultimate success, you want people to view you as a brand that has good values and appreciates people from all walks of life. Diversity and inclusion will aid in this process. The idea of having a diverse work environment is not just based on backgrounds and looks but also talent, skills, beliefs, and capabilities.
It makes for a more dynamic group of people who work well together to bring in higher productivity rates and push the company towards guaranteed success.
Be As Transparent As You Can
Human Resource is an integral part of any company’s growth, so it is no surprise that the strategies adopted by the HR department should align with the company’s vision and goals. At the same time, paying heed to your employees and creating an environment where they feel safe and free is crucial.
You can create a workplace culture firmly planted in transparent communication channels. Let your employees know you trust them, which then ultimately helps boost motivation and productivity.
Employees are also keener on helping achieve company goals and visions when you allow accessible communication within the workforce. So start by incorporating strategies like live Q&As, newsletters, having an all-hand-on-deck meeting every month, or even sharing revenue information about the company.
The goal is to attain the title of “Open Company” on prominent workplace websites like Glassdoor, which helps candidates and potential employees understand the company’s commitment to transparency.
Conclusion
In conclusion, HR strategies for company success have much to do with their human counterparts. It requires HR specialists to work closely with the human aspect of the industry. These strategies are implemented by experts who know their way around a business. It’s managed to boost the company’s morale, experience higher productivity, and ultimately result in a lower turnover rate.
When you implement these practices in your workplace, you will surely experience imminent success. The goal is to make your employees feel heard, appreciated, and needed while also ensuring that the company is growing along with the employees.
If you need professional HR management help, you can take the help of companies that specifically cater to this service. Take the example of Now Actually, founded by Jenna Paulin. It is an outsourced HR company that offers unbiased support for all its clients. This company runs on innovative strategies that help them stay ahead of the game.
FAQs:
What Is Considered An Effective HR Strategy?
The answer to acquiring an effective HR strategy is to know what your employees are looking for, what motivates them to work better, and develop a plan that helps you bring these best sides of the employees to life. You can communicate with every employee one-on-one and have them answer a series of questions that give you a deeper insight into what motivates them.
Why Are HR Strategies Considered An Essential Part Of A Company?
HR strategies are essential to a company because it defines how effective the HR department’s functions are within the company. It makes sure to align the company values, goals, and vision as a whole and implement tactics that help employees reach these goals while motivating them to work as the best versions of themselves.
What Do You Mean By A Well-Being Strategy?
When you hear the term “employee wellbeing strategy,” understand that it means everything from the financial and psychological to the employee’s physical well-being.
These strategies are implemented to make employees feel good about their work and develop a sense of connection to the employers and the company itself. This will, in turn, motivate them to increase productivity.
What Does The Wellbeing Strategy Entail?
The well-being strategy not only focuses on short-term, immediate gratification but also plans long-term goals for the employee’s wellbeing. It brings different resources and tools to help employees eliminate stress and be more mindful.
What Do Employers Look For When Hiring Employees?
The criteria employers focus on when going through a recruitment process depend highly on what the company needs. However, in general, most employers require candidates who can work well with people within the organization, have good communication skills, and hold up the company’s values.
They also look for reliable and responsible individuals who are good at decision-making and staying organized.
What Do You Mean By CSR? Is It Crucial?
CSR is short for Corporate social responsibility. It is a business model in many companies that is incorporated into the workforce via the HR department to enhance its impact on the environment and society.
CSR is an essential aspect of a company because it shows the people what the company stands for and its dedication to improving and working for the betterment of society. It’s a sustainable promotion for the company, which is good branding.
What Are Some Of The Benefits Of CSR?
CSR allows companies to embrace customer loyalty and improve their image in the eyes of the public. This means you attract more customers and keep the ones already loyal. It also attracts top talents worldwide, which in turn benefits your company’s productivity.
CRS is like a long-term sustainable value for everyone involved with the company, which all takes place without compromising on the planet, the company, or the people.
How Important Is HR To The Company?
The HR department of any company manages one of the most critical aspects of the business: the human aspect. An HR specialist works to create a good, healthy environment where all the employees can thrive and work productively. Not only that, but they also help the company grow by instilling different tactics and strategies that motivate the employees and ultimately benefit the company.
