The strategic management of human resources

For a long time, Human Resources Management was seen essentially as an administrative need within organizations. In a more traditional management, the human resources departments only served to respond to issues related to contract signatures, employee holidays, sick leave, dismissals, termination processes, among others.

In recent years, we have witnessed a major change in the way human resources have been understood by managers and their importance for the growth of companies. This understanding has led to the creation of new processes and strategic policies that place workers and companies in a relationship of mutual advantage and growth. Making the human capital of companies a strategic value is decisive and vital for its success, translating into:

• More effective recruitment and selection processes
• Less absenteeism
• Better integration of employees
• Workers who identify with the company culture
• Lower employee turnover
• More motivated and therefore more productive teams
• More qualified employees
• Higher levels of competitiveness

For human assets to stop being just operational assets and become strategic assets, it is necessary to think and plan the updating of some processes and then implement them.

How to implement a Strategic Human Resources Management in 4 Steps 

Take advantage of Digital Transformation

As in other sectors within companies, Digital Transformation has brought a set of tools that allow better management of the entire human resources consulting process throughout all its phases, providing a number of advantages. Take advantage of these tools by automating processes and tasks.

People Analytics is one of these tools that has emerged to make human resources management more strategic, with several positive consequences for companies, such as reducing team turnover or promoting the retention of talent in teams, for example. This tool allows you to collect and organize data on employees and work teams, optimizing the entire Human Resources management.

Monitor the employees' KPIs

Measuring the performance of employees against previously set objectives on a periodic basis is essential for making assertive decisions. This practice gives us important information about the motivational state, turnover situations and team behaviors that may be corrected or motivated. 

Create a talent attraction and retention policy

It all starts at the recruitment stage and the ability to attract the best talent and the most competent people to your team. At this stage it can be important to optimize the process by using a Recruitment Company. Typically, these companies have highly trained consultants with extensive knowledge of the market, allowing companies to save time and at the same time quickly access a pool of skilled professionals available for possible collaboration. Fed Finance is a recruitment firm specializing in the financial sector. Our professionals can help you recruit the best talent and guarantee a successful recruitment. If you need help in this area, trust us with your recruitment needs. 

After the integration of new elements, it is important to create retention strategies that inhibit team turnover. Career plans, reward strategies, investing in training. There are many ways to make employees feel rewarded for their work and above all, valued. For this, you can work on these ideas with other areas of the company (finance or marketing, for example), in order to verify the openness for prizes or the possibility of partnerships with external entities, bringing benefits to the workers.

Invest in employer branding

This is a fairly recent concept, but one that has been gaining momentum in recent times when it comes to strategic human resource management. Closely related to attracting and retaining talent, employer branding has a lot to do with sharing the image of a company through its own employees. It is as if they were your company's ambassadors to the community. So, make space for your employees to share a little bit about the culture of the organization and what their working day is like.

These are just a few tips you can use to look at human resource management in a more strategic way. It is necessary to bear in mind that today there are numerous tools that allow optimizing this whole process and, for it to be effective, it is necessary to plan and have a joint vision of all moments, thus ensuring a healthier organizational climate.

If you need a strategic partner to optimize your human resources management process, namely in the Recruitment phase, FED Finance can help. With precision and speed we can get the best talents for your team in the areas of Finance and Accounting.