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flevyblog
The Flevy Blog covers Business Strategies, Business Theories, & Business Stories.
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Editor's Note: Take a look at our featured best practice, Fiaccabrino Selection Process (44-slide PowerPoint presentation). The Fiaccabrino Selection Process is a powerful methodology for interviewing and screening the best people for your organization. The objective is to select those people who will be the highest performers with the lowest turnover. (Whereas the methodology was originally developed for a sales [read more]
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The human resources department is one of the key cogs that helps make a business go round. Without your employees, your business simply couldn’t function, so it’s important your HR department is functioning at a high level in order to keep everything running smoothly.
As you would expect, HR has changed greatly with the advent of new technology and this means there are plenty of opportunities to streamline your HR in 2020.
So, what areas should you be looking to improve on in your HR in 2020, and how can you go about it?
Human Resource Information Systems can make a big difference to the performance of your HR department. Your HR department is responsible for a wide variety of tasks and an HRIS helps bring all these tasks into one easy to use system.
HRIS tools help eliminate inefficiencies and make tasks such as payroll, time and labor management, benefits, time off, and recruitment that bit easier.
Being able to work flexibly has been a huge positive for employees since business began, but in 2020 we have the technology to allow more people to benefit from flexible working hours.
Your workforce can easily contribute just as well when they’re out of the office as they can when they’re in the office, so allow them to set their own schedule. Studies show that remote workers are often more efficient than their office-based counterparts so empower your employees to work flexibly and reap the benefits.
Your employees spend a huge chunk of their lives in the office, so it needs to be a space that’s encourages wellbeing and happiness. If you can offer your employees a space they feel comfortable working in and want to return to every day, then you go a long way to keeping your best workers happy.
There are lots of little things you can do to encourage this. From subsidized healthy meals to standing desks, yoga sessions, visiting chiropractic wellness sessions, the list is endless. All the small things you do for your employees add up and can make a big difference.
The workforce is gradually changing, and millennials are beginning to make up a large part of it. Few people like getting looked over for promotions, but studies show that millennials are particularly driven to succeed and will quickly look elsewhere if they think their goals aren’t being met.
Having a system for internal promotion is a great way to keep your existing workforce happy and lower those turnover rates. You want to keep your best employees in your company and through internal promotion, you have the ability to do this.
We have access to more communication methods than ever before, and yet it’s common for employees to feel isolated within a big company. It’s vitally important that your business has open communication flows and that everyone has easy access to the tools they need.
Making sure your business is using modern, effective communication tools to enable employees to do their best work is a great place to start.
You can download in-depth presentations on Human Resources and 100s of management topics from the FlevyPro Library. FlevyPro is trusted and utilized by 1000s of management consultants and corporate executives.
For even more best practices available on Flevy, have a look at our top 100 lists:
These best practices are of the same as those leveraged by top-tier management consulting firms, like McKinsey, BCG, Bain, and Accenture. Improve the growth and efficiency of your organization by utilizing these best practice frameworks, templates, and tools. Most were developed by seasoned executives and consultants with over 20+ years of experience.
