Your HR team will double your profit two times faster than sales team

The net profit used for the business development is of crucial importance for its sustainability. Conventional thinking makes us believe that the majority of this profit is obtained through sales. At the same time, the HR’s team contribution to profit generation is far more important than you might think. 

Weak HR team will rather produce losses than revenue for your company, while a strong one will make it flourish. The logic behind this is very simple. A good HR team knows how to keep your employees motivated and productive as well as how to decrease the staff turnover. That’s why you should consider your HRs as an investment and not as an additional expenditure line in your budget. Only they are capable of developing and promoting a mutually beneficial model of cooperation with employees, which is the key prerequisite for the success of your business. 

Principles of cooperation with employees, evaluation of their work and bonuses provision – all these are indirect preconditions for the profit increase.  

Unfortunately, despite all the boasting about investment in the development of employees’ skills and improvement of working conditions, in practice, many companies provide staff with very limited opportunities for professional and personal growth. Such approach is completely wrong. An effective HR team will always foster the personal and professional potential of employees, provide them opportunities to challenge themselves, acquire new responsibilities and perform new tasks.  

Education of employees doesn’t mean that you have to take them out of work and send to classes for several days or even weeks. Professional HR teams use microlearning approach and online courses, as which proved to be very effective. At the same time, interactive education allows employees to acquire new knowledge and skills while continuing to perform their working duties.   

The decrease of staff turnover positively impacts the profit generation. Every time when an employee leaves the company, you have to restart the recruitment process. It’s a resource and time-consuming activity. That’s why the less often have to engage in recruitment the better. Furthermore, if you have a professional HR team capable of meeting staff’s expectations and fulfill their needs, it will be easier to recruit and retain talented employees.  

In order to be successful, your company has to follow the trends of the market. A good HR team will always keep this in mind, and find events and initiatives which will contribute to the increase of the added value of the product. Investment in initiatives which may potentially bring you hundreds percent in profit is an approach which will definitely make your company a leader.  

Investment in employees, fostering of team spirit, and other initiatives contributing to the development of staff skills, bring profit to the company. At the same time more profit means bigger wages. For example American company Costco pays its employees more than other employers for the same type of work.  

HR team has a very important mission within the company – they plan and coordinate the strategy of staff development at all levels. The quality of this coordination directly influences the company’s profitability.   

Committed HR teams bring confidence to employees and employers. Investment in human resources contributes not only to the generation of additional profit and transformation of your company into industry’s leader but makes it more flexible and responsive to future changes.