The competencies and skills of an organization’s Human Resource professionals have a significantly measurable impact on its business performance. Hence, it does not come as a surprise that HR departments are responsible for a range of functions within the company they work. From training and retention to benefits and payroll, they perform a variety of day-to-day tasks and duties which are vital to the success of an organization.
However, one key specialty of today’s HR departments is recognizing employees with the potential to become successful leaders, and cultivating that very attribute. Motivated and positive leaders are undeniably crucial for the growth and profitability of any organization. These talented individuals play an important role in taking their company into the future; the HR department is who determines the best way to instill strong leadership skills among these future leaders.
Unfortunately, many companies do not understand the importance of investing in leadership development, nor are they aware of the impact that refining these employees’ capacity for success in management and beyond, will ultimately have on achieving a stellar overall business performance. Leadership development should be a practice utilized by all organizations because naturally, without proper leadership, it is impossible to have an organization with the appropriate direction and objective. Here are a few ways your HR department can be involved in leadership development, and why they should:
Frequent Feedback & Coaching
Of course, you want your most talented employees to grow and progress toward their true potential. However, you know they can’t quite get there completely on their own accord. To help them become the leaders your organization needs, you must offer adequate support for the new assignments and projects entrusted to them.
Your HR department can back your initiatives by providing employees with frequent feedback and coaching. Moreover, through frequent assessments you will be able to identify and address issues early on, so they can continue developing into strong, motivated, and determined candidates who will lead your organization into a successful future.
Comparable Compensation Benefits
In this highly competitive business landscape, it’s important for organizations to stay up-to-date with the latest trends in benefits and compensation. After all, you must offer your star employees a comparable package so they aren’t lured away by a more tempting agreement through one of your competitors; they too, are always on the lookout for talented individuals!
Since payroll and compensation are among the most important functions of HR departments, and HR managers, analysts and professionals remain up to date on current trends in C&B, you can rely on them to construct generous yet manageable compensation packages to motivate and retain employees.
Your HR department can help you create and manage mentoring programs where less-experienced employees are paired with senior employees. This, more often than not, results in vast positive payoffs because spending time with a more experienced team member, not only proves beneficial for new employees, but also strengthens the fibers of the organization as a whole by building positive and productive relationships.
The archetype HR department possesses comprehensive analytic processes as well as the appropriate tools to identify future leaders, and help these individuals hone in on these very skills. For this reason, HR should be involved in your organization’s leadership development, as their efforts can help determine and develop the exact type of leadership needed for your company to reach greater heights.
Stewart, Cooper & Coon, has helped thousands of decision makers and senior executives move up in their careers and achieve significantly improved financial packages within short time frames. Contact Fred Coon – 866-883-4200, Ext. 200