The threads and posts to the existing forum below will become read only. Please visit HR Space to add new posts, upload and attach documents, create your own blog and upload photos. If you have any questions regarding HR Space, please email hrspace@rbi.co.uk
| HR contributing to the bottom line | Mavis Jones | 6 Sep 06 |
| Re: HR contributing to the bottom line | jon | 6 Oct 06 |
| Re: HR contributing to the bottom line | Steve Macey Relationship Manager Workplace Travel Plans Transport for London | 13 Feb 07 |
| Re: HR contributing to the bottom line | Frederick Caiger | 6 Apr 07 |
| HR contributing to the bottom line | Mavis Jones | 06/09/2006 14:28 | |
|
My company has recently shared the new corporate strategy which in a nutshell is about all business units increasing their bottom line. I have tried to show directors/senior managers that HR can contribute to this as business partners and not just by reducing absence or recruiting staff cheaper. Has anyone got examples of where HR has worked with other parts of the business to improve business performance, add to the bottom line etc? |
|||
| + Re: HR contributing to the bottom line | jon | 06/10/2006 10:24 | |
|
Done this on several occasions everything from brining training in-house rather than using external consultants, improving recruitment and retention rates by importing staff from the EU, Setting up commission based reward structures to improve productively, Organisational restructuring and manpower planning to reduce labour cost, TUPE transfers and reduction of employers liability. Through to the introduction of absence management systems to reduce sick pay cost including the Introduction of sickness waiting days (you don’t get paid for the first 3 days) Hope this helps, need anymore you can contact me via our web site www.applehr.com
Regards Jon |
|||
| ++ Re: HR contributing to the bottom line | Steve Macey Relationship Manager Workplace Travel Plans Transport for London | 13/02/2007 00:28 | stevemacey@ tfl gov uk |
|
You may also want to consider the staff benefit schemes such as Cycles to Work and Nursery Vouchers as they reduce your employers NI liability. Travel Plans are a great tool that can have many benefits for the business and thats my area of expertise. An effective well embraced travel plan can directly affect the bottom line of the business with the added benefits of triple bottom line. It can also help you achieve CSR Goals, Environmental Goals and Business Efficiency Goals. Travel plans can reduce: Staff retention and recruitments costs Reduce absenteeism Improve the health and well being of the workforce Reduce parking costs (average ground level car space costs upwards of £750 per annum) Reduce idle time and lost working hours And the list goes on happy to give you advice on this |
|||
| ++ Re: HR contributing to the bottom line | Frederick Caiger | 06/04/2007 15:47 | perpack2001@ yahoo com |
| Yes.I had success in South Africa in training operational managers in ER/HR skills.But for this to happen you have to subscribe to the dictum that line managers who manage people/employees are the real HR managers ,and therefore need to be equipped to deal with this very important resource.They would only then need to consult professional HR consultants on complicated issues that have a potential to end up in an Employment Tribunal/industrial court.This would of course be achieved by a training and an outsourcing contract for consulting services.The organisation/company would only require to pay for services on an "as and when needed " basis,thus reducing to need for in house consulting services from a fulltime HR advisor.Fortunately for the HR profession here in the UK this philosophy has not yet taken root.The knock on affect is better overall management of people ,lower sickness absence ,and far lower labour turnover-and of course a medium to long term reduction in the cost to the HR function for the company.Hope this helps. | |||