Improving HR Strategy
With employee turnover costs high, a company must take steps to keep their best folks. The purpose of this paper is to discuss the importance of making leadership development, team building, and diversity fundamental parts of a company's human resource management strategy. These initiatives help promote belonging, loyalty, and employee development, key factors in retaining quality people. A case in point is Aramark, a leading provider of outsourcing services. The company has made these strategic inputs an integral part of its human resources vision. Aramark is not the only company changing the way they manage their personnel. Their vision is a trend sweeping across corporate America.
As a manager of a human resources department, leadership development, team building, and diversity initiatives would be very important parts of my retention strategy. There are several reasons for this. The goal of retention is to keep your best and brightest folks with your company. Developing leadership can work to align personal goals with corporate goals and can promote allegiance to the organization. It also shows a sincere effort to improve the individual. In his article, "Retention Report Card: Does Your Organization Make the Grade?", Robert Morgan says, "One strategy for improvement would be to increase the development opportunities the organization provides for the future skills needed to do the work required for the next step on the career ladder." (2004) This clearly indicates leadership development would be a step in the right direction in aligning current job needs with employee goals.
Team building helps promote a sense of belonging and sol ...