Investing in HR is not just adding people in a function or buying the latest HRIS, it’s a shift in mind-set of the leadership. How the function shifts, is influenced by vision of the entrepreneur, growth of the business and its commitment to people
Pranesh, Mr. Shah, his father and I, were in a meeting when he put this question to me. “Why do we need to invest in HR? We already have three HR staff, what more do we need?”
Mr. Shah had started his chemical manufacturing business 30 years ago and had grown it to a 400 cr company. He had done this with 1 person to manage payroll and administrative issues, so his bewilderment at “invest more in HR” was understandable.
At that point, Pranesh explained how a good HR function is critical. He had obviously been exposed to the ‘professional way’ of work at his internship and wanted to replicate a similar approach in his business.
Pranesh had ambitious plans for the business, he wanted to double the revenues in 5 years, explore international markets, set up more manufacturing sites and diversify into other areas. He wanted to look for strategic tie ups internationally.
He was clear that they would need to change a few things. “We cannot grow at that rate by doing the same things we did for the last 30 years” he would say to me.
“I want you to help us build this organization for the future, to make this organization sustainable and growth oriented,” he said.
“But he is an HR person, what will he do?” Mr. Shah interjected.
It is true, whenever the question of growth presents itself, entrepreneurs plan to increase sales, make deals, appoint sales personnel, increase manufacturing base, cut costs. They are perfectly legit ways and deliver the required results.
Denne historien er fra July 2019-utgaven av People Matters.
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Denne historien er fra July 2019-utgaven av People Matters.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
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The Crypto Meltdown Of 2022
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Govern Pre-IPO Unicorns to Create Value; Not Valuation
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On change and change management
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The Great Reconnection: A paradigmatic moment for employers and employees
This year has not been a good one for employee retention. The Great Resignation, originally thought to be a US phenomenon, has emerged in Asia now. But is there a way to turn it into the Great Reconnection?
Lessons Managing in leadership: a global hybrid team
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Eight HR trends that we saw throughout 2022
As companies manage their workforces in a dynamic era, HR departments have continually adapted and adjusted, and never more than this year as digital acceleration and workplace evolutions came together
One way to turn the tide of employee retention
There's a surprising link between skill development opportunities and job satisfaction. Here are some ways of boosting skilling and thereby talent retention
A key focus for L&D going into 2023 should be business alignment
Venkat Subramaniam of Degreed believes that learning is core to business success and organisations need to invest in the right processes and technologies to adapt to continuous change
WOMEN IN LEADERSHIP CAN BE GAME GHANGER FOR INCLUSIVE FUTURE OF WORK
BREAKING FREE FROM THE STEREOTYPES IN THE INSURANCE SECTOR, PAMELA THOMSON-HALL SHARES HER JOURNEY OF BEING A CHAMPION FOR WOMEN AND BRINGING ABOUT A CHANGE IN A MALE-DOMINATED INDUSTRY
