People Operations can account for upwards of 70% of your company’s overall operational budget—are you managing it well?
The HR department of any company is crucial to the success of your business – whether you’re a scrappy start up or thriving and well-established. If you have people in your company, you will have a need for someone to take on the mantle of people manager.
The HR department of any company plays a pivotal role in driving the success of your business – regardless of whether you’re a dynamic start-up or a thriving and well-established entity. With the presence of a dedicated people manager, your company can confidently navigate the challenges and opportunities that come its way. Without one, you may start running into challenges.
According to a Gartner study, 45% of employees are experiencing burnout from organizational change and 44% of companies don’t provide compelling career paths for their employees. Employees will only stay with a company where they feel they are contributing and have growth potential for their career. A highly volatile company or one that is lacking in organizational structure and scalability will likely also be a company that experiences high turnover and low employee engagement.
A Haiilo study found that engaged employees can make your company 21% more profitable (and 17% more productive with highly engaged employees). People are your number one resource—they can comprise upwards of 70% of your company’s overall budget. This is where the HR department can step in and ensure the company is managing resources wisely. It takes time and continual feedback in order to create a dynamic company culture that thrives and grows instead of burning out and quitting.
Boost your feedback loop with the power of employee engagement, performance, and 360º reviews, along with strategic workforce planning. By leveraging these invaluable feedback mechanisms, unlock the full potential of your organization. Gain insights into the utilization of benefit programs, discover your employees’ preferences for returning to the office, and boost visibility into the productivity of your remote workforce. This will help you uncover opportunities for growth, identify pain points, and clear the path to overall company success.
The most important thing that we entrepreneurs have is our human capital. If we exhaust it, we make bad decisions.
Arianna Huffington
Ensuring that your employees (both former and current) view your company in a positive light is crucial for your continued growth and success. According to a study conducted by Glassdoor, a staggering 86% of job applicants actively seek out employee reviews and ratings before considering employment with a company. Therefore, it is imperative that your HR department takes full advantage of employee engagement data and collaborates with marketing and key team members to enhance your company’s public image. By aligning the external perception of your company with its internal culture and emphasizing its unique advantages, you can confidently position your organization as an employer of choice in the industry.
Even if you’re not on the HR team, you still play a critical role in the people operations of the company. You have eyes and ears to unique situations around the office and team members. You can be a champion for a great work culture through social media or employee referrals. Alternatively, if your culture can use some work, you can be an employee advocate to the HR team to highlight the areas for improvement, or to initiate the hard conversation with your manager to address workplace issues.
Keeping up with evolving state and federal regulations; prioritizing diversity, equity, inclusion; and resolving interpersonal conflicts all underscore the pivotal role of the HR department. In order to manage your people effectively is crucial in today’s dynamic business landscape, it is essential to stay ahead of the curve by analyzing data on employee satisfaction and implementing people management strategies that will address burnout. Join Aerial HR next week as we dive into the complexities of Mental Health at Work and how your company can be a wellbeing champion.
Want to improve your company’s HR performance?
Reach out to Aerial HR today to set up a free consultation to evaluate your people operations today.