Not really! It is probably a shift in the vertical. Companies are now focusing more on strategic human resource management, which means ditching the paperwork and focusing more on the people. They are no longer complaining about compliance. In fact, they are acting rather than reacting. Companies are now outsourcing their HR services to third-party firms that have special expertise and experience in this area. They offer simple and strategic HR management services to help businesses better manage their workforce. They have the people, processes and technology required transform human resource management services from a mere administrative function to a vital and more powerful part of your business.
Strategic human resource management often involves automating your HR management services; streamline the activities in order to help you grow in a competitive environment. The following are some of the benefits of strategic human resource management:
- Companies can focus more on their business goals as they don't have to spend time and effort on HR management
- Less legal hazards as these HR firms will also take care of them
- More accurate records as it involves less paperwork
- Stay compliant with the new health care reform changes
- Integration of tools to make HR activities simple
- Easy and smarter hiring process
- Human resources training programs to meet the needs of your employees, helping them to work more efficiently
- Regular reports to help you better understand the employees and what they need
Human resource management service providers also take care of payroll and tax filing. In addition, they enforce policies and regulations within the organization. While implementing any new policy or regulation, these HR firms also provide training and development to employees, if required, so that the policies are properly implemented. It is their job to ensure that no regulation is out of the alignment with the company vision. The firm will work with the management to formulate the rules and regulations, ensuring that it reflects the culture of the organization. Also, they must make sure that the policies are employee-friendly.
In a nutshell, strategic human resource management should help the organization to move forward and grow both internally and externally. By providing professional and accurate training and development, they must ensure the growth of the individuals and the company as a whole. It is not about getting mired in mindless formalities, but about building the foundation to facilitate the overall growth of the organization.