Through the ’80s and ’90s, the industry’s view of HR began to change, and companies began to recognize the value of linking their HR programs with their business objectives. Today, HR managers must balance the company’s overall business requirements with the individual employee’s needs—aligning people issues with business issues. Responsibilities include examining the value of various HR programs to determine whether they’re contributing to the company’s profitability or changing them to affect the bottom line more positively.
In today’s business environment, HR is more commonly associated with the terminology "Human Capital".Professionals today, with strong business skills have an advantage over those without them. Accounting, statistics, an understanding of legal issues, and an ability to analyze numbers can be important, as can skills in conflict resolution, communication, and persuasion.
Ultimately, HR blends and uses a mixture of hard and soft skills. It is important to note how much HR has transcended over the years. It plays a critical strategic role as a business partner today,more than ever. The HR department of organisations strive to work hand in hand with senior management to transform and align business strategy along with HR strategy in order to achieve desired goals and outcomes of the firm.
picture source: brighthubpm.com
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