What is the value of HR? Is it a cost or a benefit to our business?” Some managers and business leaders feel that HR is an obstacle and question the return on investment (ROI).
This video explores the question over the value of HR and the return on investment. Here, our managing partner Jim gives you an overview of why a properly implemented HR function can be a real benefit to your business.
A recent report (May 2020) by the Chartered Institute of Personnel and Development (CIPD) found that business leaders had generally unfavourable views of HR:
You can watch the video for the full response but, in summary, having a well-defined and properly implemented HR function will balance the needs of the business with the needs of the individual. Getting this right results in satisfied, engaged and highly motivated employees. This, in turn, leads to increased productivity and profit.
If you want a return on investment from your HR function, get in touch with us and see how we can help.