A good CEO will tell you that having a rock star HR team is a vital component to the longevity of your company. Your employees are your most valuable assets and a good HR officer, ensures your organizational structure is very easy for your employees to understand. They make it black and white, plain and simple and leave no room for gray areas or misunderstandings.
The Bottom Line or The Finish Line
Often the focus is more on the bottom line than the finish line. Is it worth spending the money on a HR department? It is if you don’t like wasting money in turnover. It is if you would like to retain the talent you have on hand for the long term. CEO’s need to better understand the decisions they make now will impact their company not just over the next few months but also in the long term, 5-10 years and beyond.
Building Solid Foundations
A good HR team will ensure that the message of the CEO reaches each team member. A great HR team will ensure that the CEO also hears the employee’s message. When CEO’s have the opportunity to hear and respond to their employee’s suggestions/requests, it gives the team the confidence in leadership it needs to succeed. Employees, who don’t have to worry about navigating the world of corporate politics, can instead focus on the task at hand. Working hard for a company that works hard for them.
The Human Operating System
As HR functions become more tech driven, more big data driven, more CRM driven, technology will continue to commoditize everything that doesn’t really matter. It will force everyone into the only thing that truly matters and that is getting to know the people who build your company. The human operating system or the feelings a person has, is the only component, technology will never replace. It is literally the pulse of every company and will ultimately decide if a company will be a failure or success.
When CEO’s start making decisions based on a long-term financial forecast, combined with the real time, emotionally connected data from employees, it will strategically allow them to build for longevity, legacy and success. That’s why your HR department is more important than you think.