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The HR function is about to reap the rewards of decades of hard
work and break free at last of the bonds of transactional HR.
Shared service centres and outsourcing of administrative procedures
have proved their worth and HRDs now find themselves exactly
where they wanted to be. So, now they are free. But free to do
what? It’s a question that needs to be answered, urgently – and
one that CEOs are all too ready to ask, bluntly. In his latest
book*, today’s most influential American HR guru describes
the following amusing conversation between a jovial senior line
manager and an HR manager at an annual company party: "I
don't know why we don’t just outsource the whole thing".
Gulp!
"You ARE the business!"
“But … I’m a business partner,” the
HR manager is bound to reply. Why not a 'strategic player',
or 'a full contributor' mutters Ulrich ironically.
It’s a waste of time. Does a petroleum geologist in an
oil company need to aspire to be a partner in the business? He
is the business!
Now it’s the HRDs’ turn to 'be the business' by
bringing value to stakeholders. Let’s begin with the customers.
Take, for example, a company that has recently lost market share
and put it down to problems with pricing policy. But the HRD
organises a satisfaction survey and creates a stir: the real
problem was service! "The company had been providing
standardized technical training that included little work on
customer relations." Reading Ulrich’s book is
bound to inspire that kind of initiative. HRDs will soon be inviting
themselves to meet their biggest customers and involving them
in their recruitment, training … and even compensation
policies!
So HRDs can make a much bigger contribution to results than just
a reduction in labour costs or headcount. The notion of sustainable
development is a critical part of any analysis made by the most
important stakeholder of all, the shareholder: "Half the
market value of a firm is not directly tied to present earnings.
Instead, it is tied to what the financial community calls intangibles
(…) involving investments in organization and people..."
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