How often have you heard this said about HR?
‘it’s mostly a cost centre’
‘it doesn’t affect the bottom line’
‘ what is the point of investing in HR, where is the value?’.
These often narrow minded views have pigeonholed HR into a place where the company can remain short-sighted in it’s people attitude, stagnant in it's processes and unattractive to potential employees.
The reality is that beyond handling the usual HR responsibilities—workforce engagement, benefits and compensation, diversity etc - HR has a wider spectrum of skills and knowledge to offer. Majority of tasks compensation/payroll etc have been outsourced or streamlined with the help of tech. So now is an opportune time for a necessary relationship to be forged between CEOs, CFOs and CTOs to anticipate issues, recognise problems and authorise actions around 'people' to add value to the company. CEOs have long put CFOs at the table to oversee financial forecasts, technology is sweeping through companies to make the lives of the employees easier and accelerate processes, so why is it not crucial to use the ‘people experts’ of the company to navigate the company’s strategic direction?
Here are just a few of the strategic areas the CHRO leader should be invited to perform: