Key HR Practices That Drive Corporate Goals

There are key HR practices that have been there for decades, providing HR professionals with clear guidelines for successful people management.  It’s difficult to override them, at least for now. The main objectives of HR practices strictly focus on talent hiring, retention, and engagement. And in recent times, Human Resource practices have included flexible working time, dress code, fun programs at work, employee trust, avoiding micromanagement, etc.

Generally, there are two schools of thought providing guidelines on people management. One is the “best fit” school of thought which emphasis on human resource policies aligning with business strategies as a means of adding value. The second school of thought is the “best practices” which leverage a set of universal HR processes that guarantee excellent business performance.

TheHRDigest is recognizing four key HR practices that drive corporate goals.

HR Practices That Drive Corporate Goals

1.     Hiring the right persons

The first priority of every organization is to hire exceptional and top talented people. This practice translates to the level of commitment and strategy observed in recruitment processes. Getting this first stage right enables the organization to bring in employees who do not just fill job positions but add values. Research has shown that hiring the right people is the first step in building a competitive advantage over competitors. In today’s digital world, recruiters can take advantage of the numerous recruitment tools available to ensure they hire the right choice of employees.

2.     Providing security to employees

Beyond the recruitment and training of staff, offering employment security to employees happens to be another key HR practice. It’s every employee’s dreams to have employers who enable them to adequately provide for their family. Once recruitment is done, the employers initiate a formal contract (money for labor), and also an informal contract (basic compensations) with the employee. It is therefore expected of every HR to ensure that the financial security of their staff is adequately provided. This practice underpins virtually all aspects of Human Resource practices.

3.     Offer performance-based rewards

It is the nature of employees to be happy whenever their work and commitment is being valued. When you hire the right people, the next task is to ensure that you keep them amidst increasing competitions. One sure way of showing employees that their work is valued is by simply acknowledging it or giving rewards, bonuses, and incentives based on their performance.

Every human resource professional should see the implementation of employee reward plans as strategic in getting maximum employee commitment.

4.     Create employee feedback channels

HR services aren’t complete until employees feel valued in their work position, workplace and career path. Creating an effective feedback channel is a great way of ensuring that your employees make contributions in seeing to the betterment of the workplace. Let your employees know that their opinions also count in the company’s decision making. When these channels are made available and active, employees would be enabled to communicate with the management on their experience. In HR, employee satisfaction is important, and hence, every channel to achieve that is explored.

Based on the organization’s culture and goals, HR professionals have the obligation to tailor other practices such as improving communication channels to accentuate their business performance and its sustainability. However, no business strategy can invalidate the efficacy of the important HR practices mentioned above.

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Priyansha Mistry
Currently editor at The HR Digest Magazine. She helps HR professionals identify issues with their talent management and employment law. | Priyansha tweets at @PriyanshaMistry

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