Closing existing skill gaps– Integrating HR strategy with overall business objectives can lead to outstanding results. Human resources can better fill skill shortages through proactive recruiting and training if they follow a more forward-thinking strategy that identifies the abilities critical to the organization’s performance (Green, 2022). Human resources can effectively engage with a substantial pool of qualified candidates through the help of the marketing department. Human resources, with the help of the L&D group, can organize training and courses for employees to develop their knowledge and skills. Companies that recognize the importance of investing in employee education and training often see significant increases in productivity and overall success.
Issues of Workforce shortage- Challenges including low productivity, increased absenteeism, high employee attrition, and dissatisfaction among employees can have a significant impact on business operations. These problems not only hike running costs by making it more expensive to hire new people and train them, but they also thwart the organisational strategies. Human Resources (HR) is the company’s key “employee problem-solver,” conducting exit interviews with departing workers to learn about their reasons for leaving and developing solutions (Green, 2022). In order to enhance employee retention and productivity, the HR department may collaborate with management to offer cost-effective incentives such as flexible work schedules, performance-based rewards, or retail discounts.
Staff buy-in- Employee understanding and support of business strategy increase its likelihood of success. HR acts as a bridge between upper management and employees. They help change workers’ perspectives of the corporation and encourage them to back its strategic goals. Suppose an organization has a long-term goal of becoming an industry leader in “green” technology within the next five years; the HR strategy that prioritizes developing employee loyalty would be an appropriate means to achieve these goals (Green, 2022).
