A recent WSJ article discussed the continued utility of having a formal HR (Huma
ID: 429839 • Letter: A
Question
A recent WSJ article discussed the continued utility of having a formal HR (Human Resources) division. Read the article from the link below. (You may need to copy and paste the link into your browser).
http://online.wsj.com/news/article_email/SB10001424052702304819004579489603299910562-lMyQjAxMTA0MDAwMTEwNDEyWj.
Based on the video, podcast, and the article from WSJ, and using support from our course material, describe the functions and attributes of an HR division that serves as a strategic business partner.
Explanation / Answer
HR division plays an important role in an organization. Below are few functions that are critical for an organization from HR perspective.
1. The main function of HR divison is to identify the need and to recruit the skills that are required for an organization at a given point of time.
Not only recruitment, HR divison has to identify, forecast and forsee the need of skill set requirement in near future. That is the strategic and important role that HR has to play.
2. Retention policy - HR has to develop the retention policy to ensure that employee itration rate is kept as low than industry standardsBecause employees are the one driving and organizations profit, retaining the right talent is important and is an strategic decision.
3. Other roles include employee development through rotation, development, training, engagement, grievences etc. All these are important to employees and organization and hence HR plays an important role and is a strategic business partner.