Key HR Processes in modern HR Organization
Human Resources is a key source of the competitive advantage in the developed world. Employees are the source of innovations and constant improvement of processes and products. No computer can invent any innovation. Human Resources has to run strategic HR processes like the Organization Design, Leadership Development, Succession Planning and Engagement & Performance.
Additionally, HR Function has to keep the organization healthy, and it has to run functions like Compensation & Benefits, Workforce Planning, Strategic Talent Acquisition and Training & Development. These functions serve managers and employees. They turn strategic decisions into tactical policies and procedures. They keep Human Resources running.
Last, there transactional processes in Human Resources like the HR Administration, the Recruitment Factory and Payroll Processing.
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