Some people make the mistake of undervaluing the Human Resources Department. It’s an easy error to make. For those that think that the HR function is NOT a money-maker for the organization–they’re partially right! Read on, and you’ll find that Human Resources, while not a profit center, actually protects businesses from significant financial loss.
WOW! HR does a lot! And that is NOT a complete list.
Each of those points in the list above has untold dollars attached. When there’s a fault in one of these aspects of the HR function, the organization is in danger of losing lots and lots of money.
So the Human Resources function, when strategically engaged, is not focused on “how good everyone feels.”HR’s true primary concern is how to best position the organization into the most lean and profitable entity possible, all the time ensuring that laws and proper procedures are followed to prevent lawsuits and other sanctions.
HR upholds laws and policies in your organization that, in most cases, they didn’t “invent.” Outside governing bodies created and imposed them. Having Human Resources know them and make sure they’re followed protects the company from all sorts of financial problems.
Have you thanked your HR person today?
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