Question
Profitability is one of the primary reasons why human resources management should be a strategic business partner. As a strategic business partner, human resources management
Profitability is one of the primary reasons why human resources management should be a strategic business partner. As a strategic business partner, human resources management gains support for enhancing employee skills and training employees to meet business demands. As a strategic business partner, human resources management can justify adequate funding for human resources activities. Funding for training, employee development, competitive salaries and benefits packages strengthens the company’s position and competitiveness in attracting and retaining valuable talent and expertise.
Human resources management enables executive leadership to strike a balance within the organization. Developing strategy based solely on the organization’s capabilities related to production and revenue fails to take into consideration the company’s resources that make it possible to succeed. Human resources management, therefore, brings a broader perspective to the boardroom table. Lastly, The value HR management brings to strategic planning is paramount in attaining organization-wide goals. Implementing strategic plans is nearly impossible without the input of human resources and employee involvement. Recognizing the value of HR management is a critical step in developing business strategy, and it takes human resources management’s forward-thinking principles and business acumen to put those plans into action
The disadvantage's of not having them as a strategic business partner are numerous but here are just a few reasons. First, of all a company that lacks human resources may have difficulty developing and maintaining a solid relationship with employees. Human resources bridges communication gaps between company management and employees and offers employees the opportunity to release their frustrations with the company and report wrongdoings. If your company does not implement human resources, it must develop a plan to effectively communicate and listen to employee concerns. By not implementing human resources, you can save a large sum of money. Money spent on human resources management and costs associated with human resources, such as employee programs and services, can amount to over $1,000 per employee.(smallbusiness.chron.com)
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