Why HR is Important for Business Success

With an abrupt shift to remote work, mass resignations, and economic volatility, the HR department has been challenged across the board.

With workers today demanding flexible working opportunities, learning paths and competitive compensation and benefits, HR is under pressure to keep up with balancing internal and external challenges and knowing how to prioritize budgets and resources. Undoubtedly, HR functions have to stay one step ahead of these challenges to attract, retain, and provide compelling reasons to consider their organizations.
 

However, a small business may look at HR and its role from a completely different perspective compared to a big organization. Are there any HR best practices for small businesses? What trends will shape HR in 2023? How to execute a successful HR transformation? Learn the answers to these questions and more in the February edition of HR Strategy & Planning Excellence.

Interested in learning how can small business owners successfully delegate HR? Brett Farmiloe (CEO/CHRO, Terkel.io) in his article, 16 HR Management Tips For Small Business Owners, lists effective tips shared by small business owners that includes creating a checklist to outsourcing HR.

Jessica Lambrecht's (Co-Founder and CEO, The Rise Journey) article, Practical HR Tips For Small Business Owners also shares steps small business owners can take today to make immediate improvements to their existing systems to increase the quality of their talent pipeline and create an inclusive workplace where employees will flourish.

The year 2023 will bring its own challenges in the form of high inflation, a cost-of-living crisis, and looming economic uncertainty. And it is not going to be a smooth ride ahead for HR. What does the future hold for HR? Read Jacky Turnbull's (Chief People Officer, Topia) article, Five Trends That Will Shape HR In 2023, for valuable insights on this topic.

To keep pace with the disruptive changes today, HR must transform, and the wisest way to approach transformation is to map the current and future states of the company and adjust HR operations suitably, according to Jamie Aitken (VP, HR Transformation, Betterworks) in her article, Six HR Transformations For 2023.
 
As John Doel (Advisory Principal, KPMG LLP) rightly puts it, "In a time when staffing shortages and other disruptions are making it more difficult than ever to attract, recruit, and retain employees, HR leaders have a critical role to play in ensuring the right talent is in place to bring their companies into the future. These and other progressive initiatives will help HR professionals guide their organizations from flux to a state of genuine flow."

Read this edition of HR Strategy & Planning Excellence that explores expert strategies for HR professionals to help make their job more impactful, efficient, and effective in order to thrive in the new era of work.
 
We hope you find the articles in this issue informative and helpful and, as always, we welcome your valuable feedback and suggestions.

Happy Reading!