The role of human resources is among the most rapidly changing functions in business today. HR responsibilities are expanding beyond traditional tasks to include leadership and strategy roles in many organizations. In fact, a recent Paychex Pulse of HR Survey found that two-thirds of HR leaders believe that they have grown beyond a traditional administrative function and into more strategic roles.
Many HR leaders would agree that these additional responsibilities are no longer an option, but a requirement for success. What do HR teams need to do?
Becoming more adaptive with a willingness to change direction quickly is essential in any industry. Businesses can increase their chances of success when their HR teams embrace changes in their responsibilities. This includes keeping pace with forward-thinking practices, partnering with senior managers in strategy execution, and putting next steps and actions in place.
Adopting and embracing technology that offers data insights is another area that can help HR teams provide powerful insights into business performance. And HR leaders are already seeing the benefits of doing so. The Pulse of HR survey found:
- 75 percent of respondents said that using HR technology has enabled them to become more strategic and efficient on the job.
- 48 percent of respondents said they've changed their HR technology solutions in the past 1–3 years.
Understand the Business
It’s important for HR teams to have a business approach. This can include understanding the management of areas like finance and accounting, as well as taking responsibility for financial measurement of HR programs. Having a business-focused mindset can help HR leaders contribute to the development and achievement of the organization's business plan and objectives.
It’s also becoming critical that HR leaders know how to understand and best use technology that supports the organization. This includes understanding how technology can impact workflows and efficiencies, and its ability to scale and support a variety of work environments as growth brings more change.
Know Your Competitive Advantage
HR leaders who understand the competitive landscape can be valuable to an organization, and key to helping differentiate the business from competitors. Your business and HR team must be adept at hiring, developing, and retaining employees who can carry out your objectives.
Business is a world of non-stop change. Companies and HR teams that embrace this shift can have the greatest chance of success. Building your competitive edge with the help of your HR team means taking new roads to reach your destination.