Enhance the Relationship between HR and the Business
HR Boom or HR Bust?
The relationship between HR and the rest of the business is arguably the best measure of the value HR brings to the table.
This whitepaper contains data and analysis exploring two contrasting scenarios for HR, namely 'HR Boom' and 'HR Bust'. As part of the research, we have drawn on examples from;
- HP
- CIPD
- Roffey Park
- Henley
- PwC
- McKinsey
- Deloitte
An introduction to the research follows;
Commentators are currently polarised around the future of the HR function. Some suggest that the function is about to enter a boom period as after several years of cajoling, organisations are placing far greater significance on talent management and putting strategic HR activities at the heart of the business. On the other hand, others believe that HR is still struggling to rise to the challenge and is destined to remain a transaction based cost centre for the foreseeable future. As with most things, the truth probably lies somewhere in the middle. This article explores the evidence for both perspectives and suggests that solving apparently intangible human capital problems is the best way for HR to profit given the current circumstances.
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