Explain how people practices add value in an organisation

In order to improve organisational performance and accomplish strategic goals, people practices—which include human resources (HR) policies and initiatives—are essential. Organisations can get a competitive edge in the market by managing talent acquisition, development, and retention well.

The strategic alignment of HR efforts with organisational objectives is a key way that people practices contribute value. Overall success is fuelled by this congruence, which guarantees that the staff is prepared and inspired to accomplish the organisation’s goals (CIPD, 2022). For example, by using focused hiring techniques, businesses can draw in people whose beliefs and abilities complement their own, creating a harmonious and effective workplace.

Effective people management techniques also raise employee satisfaction and engagement. HR initiatives may improve job satisfaction by creating a positive organisational culture and offering chances for professional development (CIPD, 2022). This will increase employee commitment and lower turnover rates. This reduces the expenses related to recruiting and onboarding new staff members while also retaining valued talent.

Employees can also learn new skills and competences through people practices that prioritise ongoing learning and development, which improves their performance and flexibility in response to shifting market demands (Holbeche, 2012). In addition to enhancing individual performance, this human capital investment promotes organisational adaptability and creativity.

Additionally, a more creative and dynamic workforce might result from HR procedures that support diversity and inclusion. Organisations may boost creativity and problem-solving skills, which will result in better goods and services, by appreciating different viewpoints and creating an inclusive atmosphere (Lattimer, 2019).

In a nutshell, people practices are critical to the success of an organisation because they support ongoing development, employee engagement, strategic alignment, and a diverse and inclusive culture. Organisations can improve performance, encourage innovation, and achieve sustainable growth by putting these ideas into practice.

References

CIPD (2022) What value does HR bring to today’s organisations. https://www.cipd.org/uk/knowledge/podcasts/purpose-and-value-of-hr/.

Holbeche, L. (2012) Aligning human resources and business strategy. Routledge.

Lattimer, C. (2019) HOW TO MAKE SURE HR ADDS VALUE TO THE BUSINESS. https://peopledevelopmentmagazine.com/2019/05/01/hr-adds-value/

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