HR and Business Growth
In today’s competitive market, businesses are constantly seeking ways to grow and succeed. One of the most important factors linked with business success is the Human Resources department. HR is not just about hiring and firing; it’s about finding the right people, developing their talents, and creating a positive work environment for them to succeed. When done correctly, HR can be a powerful engine for business growth.
In this blog post, we will explore the ways HR can help a business to grow and perform in its full potential, continue reading to learn more about the way HR department is significant for business growth.
Training and Development
Investing in employee development and training is a key driver of business growth. By providing continuous learning opportunities, companies can help their employees acquire new skills and stay motivated, which in turn enhances their contributions to the organization’s goals. An example of this can be IBM, known for the hardware and software it produces, the company had planned a training program for their employees called Think40. The program requires employees to dedicate at least 40 hours per year to learning new skills, the implementation of it, increased productivity and satisfaction, minimising retention.
According to a report by LinkedIn, companies that excel at employee development are 1.5 times more likely to retain their employees compared to those that don’t invest in training. These data clearly show the link between employee development and business growth.
Creating a Positive Workplace Culture
Creating a positive workplace culture is essential for fostering employee engagement, collaboration, and overall business success. In a healthy workplace environment, employees are motivated to do their best, and they show great loyalty to the company they work for. For instance, Google is renowned for its strong workplace culture that emphasizes transparency, creativity, and the well-being of employees. The company offers numerous perks such as flexible working hours, on-site wellness programs, and open communication channels, which contribute to a highly motivated workforce.
A Human Resources department can integrate some of these benefits and manage to keep a healthy company environment that would help the company to accomplish both growth and success.
Employee Engagement and Retention
We previously mentioned the importance of minimising employee retention, but employee engagement is equally important. HR teams should want employees to stay in the company, but at the same time to keep them motivated for their work. Motivation can succeed by providing feedback, work-life balance and recognition programmes.
Research shows that organizations with high employee engagement experience better business outcomes and organizational success, because engaged employees feel valued and have positive feeling towards their job.
Effective Recruitment Strategies
Moreover, effective recruitment strategies are crucial for driving business growth. Attracting and selecting the right talent ensures that a company has the skills and expertise needed to achieve its goals. Utilizing modern recruitment techniques such as social media, job boards, and networking events can help reach a broader and more diverse pool of candidates.
Many companies such as Hilton and Unilever have implemented a digital recruitment process that uses AI to screen candidates and assess their potential fit with the company’s culture and values. This approach has significantly reduced hiring time and improved the quality of new hires with the goal of minimising retention.
Final Thoughts
In this blog post we have discussed some main ways in which HR can be vital in a company’s growth. Human resources department can invest in employees training and development while fostering a healthy work environment. Improving employee engagement and retention can be significant for business growth. Another way, improvement would be vital if the HR team stays up to date with effective recruitment strategies. Read our blog posts for more tips and industry news!
Related Blogs
-
May 17, 20245 Reasons HR is…
Human resources and recruitment are often not taken into serious consideration by different departments of the company. However, in this article, we would like to..
-
May 10, 2024Invaluable Guidance for Aspiring…
As a recruitment agency, here at Advance Career, we are aware of the challenges a newcomer may face in the Human Resources field. Whether you..
-
Apr 26, 20245 perks employers in…
In today's competitive job market, attracting and retaining top talent is a strategic imperative for businesses across the globe. In Cyprus, where the personnel is..
-
Apr 19, 2024Why you should build…
As a recruitment agency situated in Limassol, we are well acquainted with the multitude of factors motivating individuals—both locals and expatriates—to seek career opportunities in..
-
Apr 5, 20242024 Recruitment Trends: Reshaping…
In the dynamic world of recruitment, staying ahead means understanding the latest trends shaping the industry. Significant shifts are redefining how businesses find and retain..
-
Mar 29, 2024How Recruitment Agencies in…
How Recruitment Agencies in Cyprus can Help you Build a Great Team In the constantly changing landscape of business, building an exceptional team is paramount..
-
Mar 22, 2024Unlocking Career Opportunities: Your…
Unlocking Career Opportunities: Your Guide to Finding Jobs in Cyprus Cyprus has some exciting career opportunities in recent years, making our island a better place..
-
Mar 15, 2024Recruitment Tips: 5 Skills…
Recruitment Tips: 5 Skills Interviewers Should Master Advance Career as a recruitment agency in Cyprus knows well that unlocking the potential of top talent begins..
-
Mar 8, 2024Attracting Top Talent: Why…
Attracting Top Talent: Why a Company’s Online Presence Matters In today's competitive job market, attracting top talent is more challenging than ever before. A lot..
-
Mar 1, 2024The Pros and Cons…
Internal recruitment is happening when a company decides to fill a job opening by choosing someone who already works there. It is like giving someone..
-
Jan 5, 2024Find your Dream Job…
Find your Dream Job in 2024: Tips by a Recruitment Agency This blog post is meant to provide valuable tips for candidates looking for job..
-
Dec 8, 2023Recruitment Agency Tips: Long-Term…
Long-term workforce planning can be challenging for companies of all sizes as it requires the company to align their workforce with their future needs. Because..
-
Dec 1, 2023The Future of Work:…
In recent years, especially during and after the pandemic, the need for remote and hybrid positions increased in Cyprus. Remote and hybrid working was really..
-
Oct 27, 2023Why Do Employers Employ…
When you might think about using a Recruitment agency: Personnel recruitment requires a lot of effort, and many organisations struggle to find the time to..
-
Sep 15, 2023Employee Well Being –…
Employee Well Being - HR Function which evolves to a full time dedicated role for Organizations who invest in their employees. HR Executives are giving..
-
Jul 21, 202318 Valuable HR Lessons…
While formal education provides a solid foundation for a career in human resources (HR), there are certain invaluable lessons that can only be acquired through..
-
Jun 9, 2023HR Is Better Together:…
A common question I get from clients is, “How many people should I involve in my hiring process?” My answer is usually, “As many as..
-
Mar 17, 2023Tips To Engage And…
The role of a Human Resources (HR) professional can vary depending on the organization and the specific job title. From identifying the most suitable of..
-
Mar 10, 2023Why Prioritizing Soft Skills…
Soft skills are the personal qualities that enable an individual to communicate effectively, work well in a team, and adapt to changing situations. In today's modern workplace,..
-
Feb 24, 2023Factors Damaging Employee Relations,…
It's no secret that a company cannot operate successfully without productive employees. What are you doing for yours? As a company, Twitter excels at employee..
-
Feb 3, 2023How HR Professionals Can…
Some could easily argue that the human resources (HR) department is not a "revenue-generating" service. We don't create new products, interface with the traditional customer daily, or..
-
Jan 20, 2023How Outsourcing HR Can…
Complex labour legislation is among the many reasons why more companies are choosing to outsource their human resource (HR) function to specialists while they focus..
-
Dec 2, 2022Why Startup Companies Need…
Developing an active HR function in your business show that you value your employees and their business in your enterprise Growing startups and small and..
-
Nov 18, 2022The #1 Thing We…
Building an amazing team is how we grew KnowBe4 into a unicorn. Without the team, we'd never have made it. This is why hiring is so..
-
Oct 27, 202210 Tips to Motivate…
Nothing is better for the bottom line than employees who are motivated to work for psychic benefits. Are you looking for ways to motivate your..
-
Oct 7, 2022The Power Of ‘One’:…
The power of one is mesmerizing. We don't realize it, but it can change how we see things. It can help us focus and help..
-
Sep 23, 2022No Experience Required: Does…
If you work in recruitment, you’ve probably heard the saying, “You need experience to get experience.” In job listings, we’re often guilty of writing “zero..
-
Sep 16, 20225 Anti-Racist Hiring Practices…
Wells Fargo recently found themselves in hot water after it was reported that some managers at the company were interviewing non-white candidates for jobs that had already..
-
Aug 19, 20225 Ways to Recharge…
Are you the type of workaholic that has a difficult time sitting still during holidays? Do you typically go stir crazy during family visits or..
-
Aug 5, 2022Be the Kind of…
You know what it’s like. Some people are so much fun to work with that you actually look forward to seeing their faces come Monday..
-
Jul 8, 2022Shifting Priorities: Rethinking Employee…
Since the pandemic started, HR professionals have had to juggle retaining their current employees while also attracting new talent. Employees have more options than ever..
-
Jul 1, 2022How To Stand Out…
Are you struggling with new leads? Are you struggling with hiring? In this article I'm going to dive into three important ways you can create..
-
Jun 24, 2022How to Know It’s…
HR activities at startups are often reactive in nature instead of proactive. That leaves gaps in the system. When starting their businesses, most entrepreneurs tend..
-
Jun 10, 2022How to Keep Working…
Motivating yourself is hard. In fact, I often compare it to one of the exploits of the fictional German hero Baron Munchausen: Trying to sustain..
-
Jun 3, 2022Why Setting Boundaries Is…
One of the major plots of the 1989 film Indiana Jones and the Last Crusade revolves around the search for the Fountain of Youth — some magical..
-
Mar 4, 20225 Ways To Increase…
Leading and living with empathy has never been more important in our world than right now. Empathy is the ability to identify with the challenges that..
-
Feb 11, 2022Why the Secret to…
What does it take to become a successful entrepreneur? Vision, forward-thinking, risk-taking abilities, determination, hard work, dedication, a good game plan…. Most of us are aware..
-
Dec 10, 2021Future Trends In The…
As the year is slowly coming to an end, it's a great time to gaze into our crystal balls and see what may happen in..
-
Nov 26, 2021Want to Build a…
Finding good people is hard, but it's the only way to build a company that can succeed in the long term. Not that long ago,..
-
Oct 8, 2021Avoiding Negative Emotions Won’t…
I’ve been thinking a lot about dessert lately. What’s the most memorable, delicious bite of dessert you’ve ever tasted? Chances are, it wasn’t a store-bought, plastic-wrapped ball..
-
Sep 24, 2021Watch Out for These…
Artificial intelligence (AI) might be the way of the future in tech, gaming and smart-device industries. When applied effectively, AI can save on human employment costs and,..
-
Sep 17, 20216 Phrases That Make…
When you finally land an interview for an exciting role or for a position you think might be out of your league, the main thing..
-
Aug 6, 2021Why You Need To…
There's never been a more critical time to address our national obsession with work – now, following one of the most stressful periods in recent history, is..
-
Jul 2, 2021Stressing The Benefits
You may find this article stressful. At least, I hope you will. Because stress isn’t something to avoid or flee: it’s a sign that we’re..
-
Jun 25, 2021The Power Of ‘One’:…
The power of one is mesmerizing. We don't realize it, but it can change how we see things. It can help us focus and help..
-
May 21, 2021The Two Levels Of…
Faced with increasing challenges, there are new shifts and changes in today’s corporate world. High levels of competition, new technological advances, demographic adjustments, political turbulence,..
-
Mar 19, 2021Is Your LinkedIn Profile…
People are checking you out on LinkedIn. Will you be embarrassed by what they find? Are you aware that 95 % of recruiters use LinkedIn..
-
Mar 12, 2021Why You Should Go…
“Ugh, I got called in for an interview on Friday, but I don’t really want to go,” a friend moaned to me last week. In..
-
Jan 8, 2021How To Overcome People-Pleasing:…
People-pleasers often find themselves doing things they don’t want to do and putting the needs of others ahead of their own. When they’re asked to do..
-
Nov 6, 20206 Powerful Ways To…
If you want to do your best work, and have the best time, you have to be the best version of yourself. Consistently, prolifically; the..
-
Oct 2, 2020Why Doing Good Boosts…
Previous studies have suggested that people who engage in helping others are happier and have better mental and physical health than those who don’t spend..
-
Aug 7, 2020Why the month of…
As we put July firmly in the rearview mirror and enter August, I can’t help but reflect on how unique this month is every year...
-
May 29, 20203 Tips For Applying…
In a difficult job market, you may find yourself needing to consider job openings that wouldn’t be on your radar during normal times. While all..
-
Mar 6, 2020Effective Job Search
The Key To Carrying Out A Productive And Effective Job Search In my experience as a career coach, I have found that people who are..
-
Feb 7, 2020February Job Search
3 Things You Need To Know About A February Job Search There’s no bad time to look for a job, but there are seasonal trends..
-
Jan 24, 2020Hire Without A Resume
Hire Without Looking At A Resume We’re all more than what’s on our resume. But while a lot of leaders pay lip service to that..
-
Oct 4, 2019October Job Search
3 Things You Need To Know About An October Job Search Seasonal timing has a large impact on a job search. It can work in..
-
Sep 27, 2019The Interview Question
The Interview Question You Need To Answer Right: ‘Tell Me About Yourself’ “I bombed the interview.” This was a message I got from a brand..
-
Sep 6, 2019Back to Work
Summer's Over: Here's Why It's The Best Time For Job Seekers And Hiring Managers To Act Now Labor Day has come and gone, which means..
-
Aug 9, 2019Holiday Season Job Search
4 Reasons You Should Keep Up Your Job Search During the Holidays Now that the holidays are upon us, you may be considering taking a..
-
Jul 12, 2019Video Interviewing Tips
Video Interviewing: Lights, Camera -- But No Connection Nothing screams “personal” more than you on a 20-inch video monitor, beaming in from a remote location..
-
May 10, 2019How to Evaluate, Accept,…
Congratulations! You got the job. Now for the hard part: deciding whether to accept it or not. How should you assess the salary as well..
-
Feb 22, 2019How to Assess Transferable…
How do you make sure you don’t lose out on those candidates who bring additional talents, interests, and unusual experiences that can be a real..
-
Feb 1, 2019Your Social Media Profile
Here’s what recruiters look for on a candidate’s social media profile Maintaining the right balance between being professional and being yourself on social media can..
-
Jan 25, 2019Effective Job Interview
How to conduct an effective job interview As the employment market improves and candidates have more options, hiring the right person for the job has..
-
Jan 11, 2019Reasons for Leaving?
How To Answer Why You Left (Or Want to Leave) Your Employer If you want the job, don't reveal this. Job interviews are designed to..
-
Jan 4, 2019A good LinkedIn Summary
Here's how to write a LinkedIn summary that could help you land your dream job, according to a marketing director at LinkedIn You might approach..
-
Nov 23, 2018Help Your New Hires…
3 Ways You Can Help Your New Hires to Succeed Filling a vacant position is expensive, and unless you do these three things, it's liable..
-
Oct 26, 2018Recruitment in Cyprus
Recruitment in Cyprus - Thoughts and Ideas from Advance Career Team Read the detailed interview published on TopJobsCyprus website and share your comments and ideas!..
-
Sep 28, 2018Avoid Toxic Team Members
Are You Hiring a 'Team' Player -- or Someone Just Looking out for No. 1? How can leaders make sure they're not unwittingly inviting a..
-
Aug 31, 2018Enhancing your job search
How To Bounce Back When The Job Search Gets You Down With a dream job in mind, an updated résumé in hand and responses to..
-
Aug 17, 2018Social media can cost…
When 'What Happens In Vegas' Ends Up In Your Job Search What happens in Vegas really doesn’t stay there. That “funny” picture about that..
-
Jul 6, 2018Hiring the right people?
5 Steps to Hiring the Right People for Your Business "Hire slow, fire fast" is great advice, but it's not always easy to follow. The..
-
Jun 15, 2018Experience or Talent?
When to Hire Raw Talent vs. Job Experience Experience is a must for some jobs, but people with raw talent offer unique benefits. You have..
-
May 11, 2018Employee Onboarding Strategies
Seven New Onboarding Strategies You'll See This Year According to a study from Equifax, more than half of all employees who left their job in..
-
Mar 16, 2018Don’t Shuffle People Into…
Don't Shuffle People Into the Wrong Job Just Because They're Already on the Payroll You grow your company by putting proven performers where you need..
-
Dec 8, 2017HR in 2022
What's HR going to be in 2022? A Study sheds some light... A recent study shows us a glimpse of what HR might look like..
-
Jun 30, 2017Career Development
Think Strategically About Your Career Development In a world where the average employee sends and receives 122 emails per day and attends an average of..
-
Jun 16, 2017Diversity and Inclusion
Diversity Doesn’t Stick Without Inclusion Leaders have long recognized that a diverse workforce of women, people of color, and LGBT individuals confers a competitive edge..
-
May 8, 2017Interview Preparation
Interviews are generally regarded as the primary decision-making event in any recruitment process. Regardless of your academic credentials or career thus far, it is crucial..
-
Apr 3, 2017Interview questions you have…
Studies have shown that structured interviewing is more than twice as reliable a predictor of future employee performance than unstructured interviewing. That is why most..