HR teams play a crucial role in driving organizational success. By strategically aligning talent management with business objectives, HR professionals can unlock the full potential of their workforce and drive growth. Attracting and retaining top talent while fostering a culture of continuous improvement and innovation is key. In a recent article from the Forbes Human Resources Council, here are insights from industry experts, including Crawford Thomas Recruiting President, William Stonehouse III, on how HR can add value and fuel revenue growth.
Original article here.
“Below, Forbes Human Resources Council members explore more ways HR teams can help their employers add value, ultimately leading to sustained revenue growth.”
Invest in Leaders
Developing leadership skills is fundamental. HR teams can enhance leaders’ capabilities through training and development programs, thereby improving productivity, efficiency, and retention. This investment directly contributes to revenue growth.
Denise Triba, Ingenovis Health
Embrace Digital Transformation
In an era of rapid technological advancement, HR must support upskilling and reskilling to keep pace with digital transformation. Collaborating with external HR services can help organizations stay ahead.
Denis Pennel, World Employment Confederation
Become a Strategic Partner
HR should transcend its traditional utility role to become a strategic partner. Identifying and leveraging opportunities for efficiency and revenue generation positions HR as a vital contributor to business success.
John Pierce, John Pierce Consulting
Shift to Performance Focus
A focus on performance and productivity, rather than solely employee experience, aligns HR efforts with business outcomes. Using metrics tied to revenue and efficiency drives organizational growth.
Priti Patel, G2
Track Program Value
HR must measure the ROI of its initiatives. Regularly tracking the effectiveness of programs ensures they deliver value, and ineffective ones can be re-evaluated or discontinued.
Trevor Higgs, Catalyzr, Inc.
Build a Culture of Continuous Improvement
Fostering a culture that emphasizes continuous improvement and innovation ensures the organization remains agile and competitive. This culture supports sustained revenue growth.
Jawad Gilani, Packages Group
Focus on REAP: Retention, Engagement, Attraction, and Productivity
Directing HR efforts towards retention, engagement, attraction, and productivity ensures a robust and dynamic workforce, ultimately benefiting the entire organization.
Richard Polak, American Benefits Council
Align HR with Business Strategies
HR strategies should be closely aligned with business objectives to ensure the organization has the talent needed to support growth. Being prepared with the right talent at the right time is crucial.
Philippe Dorion, Aptum Managed Services
Be a Growth Partner
HR professionals should act as growth partners, translating business plans into people strategies, building high-performing teams, and fostering a culture of innovation. This approach leads to increased efficiency and productivity.
Subhash Chandar, Laminaar Aviation Infotech Group
Strategically Target Top Talent
Effective HR teams strategically hire top talent aligned with the company’s vision, driving business goals and revenue growth. This is more than filling roles—it’s about future-proofing the organization.
Casey Huebsch, South End Partners
Prioritize Operational Efficiencies and Accountability
HR can drive revenue by attracting talent that fosters innovation and efficiency. A culture that prioritizes performance and accountability directly impacts productivity and profitability.
William Stonehouse, Crawford Thomas Recruiting
Ensure Employee Well-being
Healthy employees are more productive. HR initiatives that promote physical and mental health can reduce healthcare costs and enhance overall financial performance.
Michael Held, LifeSpeak Inc.
Build a High-Performing Talent Pipeline
Creating a continuous talent pipeline ensures a competitive, adaptable workforce that drives sustained growth. Engaging and retaining top talent maximizes their impact on the bottom line.
Michael D. Brown, Global Recruiters of Buckhead
Optimize Staffing Levels and Skill Development
Aligning workforce planning with business goals through data-driven HR practices optimizes staffing levels and skill development, enhancing productivity and profitability.
Donnebra McClendon, Dayforce
Crawford Thomas Recruiting: Your Partner in Growth
Crawford Thomas Recruiting excels in helping employers increase headcount and overall hiring satisfaction. By leveraging our expertise in strategic hiring and talent management, we ensure your organization attracts and retains top talent, driving growth and revenue.