The average company will focus their time, skills, employees, and resources on meeting their business goals (or their missions, if they’re a nonprofit). When your company chooses to take time to develop and improve their HR strategy, this can help them significantly in reaching their business goals. These are five ways that your company can improve your HR strategy in a way that benefits employees and the business.
1. Take time to conduct a compliance audit of your business
Too frequently, a company will put compliance to the wayside while it focuses on reaching its business goals. Every company should prioritize compliance and put HR employees, resources, and skills towards it, though. Ignoring compliance carries steep penalties for a business. If your company is not in compliance with certain regulations or laws, the penalties could significantly damage the bottom line, or even put them out of business entirely. To work on compliance, your company should assign at least an employee or two to own these responsibilities. They should be offered training to help the employee keep updated with industry, local, and federal requirements. They should also be offered training to help build the skills to keep the company in compliance. These might include HR skills, but they might also extend to your insurance, your payroll, your benefits, OSHA, and your industry-specific standards.
2. Improve your HR strategy by using employee surveys to get a pulse on engagement
Employee engagement is crucial to the success of your organization. When people are engaged in their job and the overall workplace, they perform at a higher level. They’re more likely to help their teammates out, build skills to grow and expand their roles, and make sure their work contributes to the larger business goals of their employer. To improve on your employee engagement, your HR team will need to benchmark how your employees feel currently. Your HR department can send out anonymous surveys to your employees to get a better picture of current employee engagement. (MP’s software can help your HR teams with this task.) These surveys can ask your employees to assess what they need to succeed in their roles and if they’re getting it, what you could be doing to make them feel more supported, what skills they’d like to develop in the future, what personal goals they’d like your help achieving in their jobs, as well as what benefits and perks they feel you should be providing. Anonymous surveys may be the best way get your HR team the employee feedback they need, as your employees are more likely to feel comfortable giving honest answers on them. The HR team can then work through the data from your employees in a strategic way, assessing what changes they need to make and what benefits or changes they will need to put off for your future strategic HR planning.
3. Use HR strategic resources to update or create a strong employee handbook
The best way to improve your HR strategy is to make sure your foundation is strong. This means updating the employee handbook (or creating one from scratch if the company has a need for it). A company’s HR strategy benefits from handbooks for employees because they assist your organization in so many areas. They keep policies for your employees in compliance with all relevant regulations, they share operating procedures and expectations that your employees and management need to follow, they share benefits and compensation information that your employees need to know, they share training and skills expectations and requirements for your employees, they share how your employees can reach out if they need support from human resources, and more. (MP offers software that makes it easy to create, share, and update your handbook for your employees.)
4. Develop a company culture that retains and attracts the best employees
While it’s common for a business to make a plan for hiring the employees they need, it’s less typical for a business to invest in their employees with the development of a strong company culture. Putting time, skills, and resources into hiring is a waste if your company doesn’t invest in retaining your employees. Your HR employees can invest in employees by building a culture for your people focused on collaboration, respect, growth, and embracing diversity. The business should put resources into ensuring its employees are happy and engaged in their work. When employees are happy, they are more productive and gain the skills they need to grow and excel in their roles. They contribute more towards the overall business goals of the company. Using your HR policies and resources to invest in employees always yields solid ROI for the business.
5. Work with us and our HR experts
MP has been helping employers improve their HR strategy and keep in compliance for nearly two decades. We can assist your company and its human resources department in assessing what you should be doing to support your employees, what are the HR and payroll tools you could be using to reach your business goals, how to improve your performance review process for employees, how to keep in compliance with all the relevant regulations and laws applicable to your employees, and how to update or build your handbook for employees. Clients trust us with every part of their business, from operations, to its employees and corporate culture, to its larger business goals. They trust us to provide proactive, reliable support in improving the entire organization, because good HR strategy really can significantly impact everything.
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