Why Is HR Important?

MBAHRO — Tue, 17 Aug 2010 21:22:00 GMT

Why Is HR Important?

Sometimes the most basic questions about HR can lead to great conversations that help organizations flourish. One of the most basic in the Human Resources field is, “Why is HR important?” As a business owner, understanding that HR is one of the areas where you want to hire experts is a critical criterion for making your company stronger.

Why is HR important? – Support your management

HR can provide training for management to help them work with the diverse set of employees on their teams. Knowing how they could best interact with a Baby Boomer looking for loyalty and stability, versus a Y Generation who may need daily praise, can make a big difference with retention rates and hitting goals. HR can help train managers prevent common mistakes that swell to legal nightmares. HR is a great resource for getting feedback from managers and identifying growing HR trends inside your own company.

Why is HR Important? - Legal Compliance

Legislators on the state and national level have been very busy over the last few years passing legislation changes regarding all kinds of HR topics including unemployment, FMLA, and COBRA. Leaving the compliance to your HR professional can greatly save you on fines and time.

Why is HR Important? - Support Employees

Correctly used, your HR personnel can be great resources for your employees to help field out issues before they leave your premises and make it to the courts. Your HR personnel are in the best position to explain the company’s HR policies and programs so your employees can properly use them. The HR team can serve as consultants to the employees to help them plan their careers at your company, which in turn give your information to help you change the company to better retain them.

Why is HR Important? - Support Execs

By being able to represent your staff’s capabilities and expenses, your HR staff can be of great value when doing strategic planning and budgeting. They can represent the costs of change management in terms of personnel, salaries and expenses. Things like changing products can instigate layoffs, people quitting, needing to recruit different skill sets, and communication with staff. All of these have an impact to your bottom line.

These are a few of the top answers to, “Why is HR Important”. And, don’t forget things like Recruiting, Interviewing, employee orientations, and benefits programs.

Modern Business Associates is an HR company that focuses on payroll and HR outsourcing. We routinely work with clients to help with all kinds of HR and payroll issues. As a Professional Payroll and HR outsource organization, our clients rely on us to help them effectively deal with these kinds of topics.

Employer Education Benefits Tips When Creating a Benefits Package

MBAHRO — Mon, 12 Jul 2010 20:39:00 GMT

Employer Education Benefits Tips When Creating a Benefits Package

When creating a benefits package for your employees, it’s important to offer a package that can attract and retain employees. Potential employees may weigh their employer education benefits heavily in their choices of employment. You can also design a package that will expand the capabilities of your employees through education benefits. By growing your employees internally, you can help avoid the time and risks associated with losing employees and hiring new ones.

Employer Education benefits usually come in two flavors:

Tuition Reimbursement
Continuing Education

Tuition Reimbursement

Companies offering Tuition Reimbursement programs are generally more college friendly, and these programs are typically much more lucrative to your employees than Continuing Education programs. When looking at a Tuition Reimbursement program, make sure you decide upon and document the normal parameters surrounding tuition reimbursement.

What are you willing to allow in terms of the maximum annual reimbursement?
Is there a lifetime, or program specific, maximum reimbursement?
Do you want to ask for a commitment from the employee, typically having the employee pay back some of the tuition dollars if they leave the company within a set period of time?
What restrictions would make sense for you in term of what degree fields you are willing to fund? Also, get some advice about any legal limitation that may apply at the state level.
Will you vary the reimbursement amount depending on the grades attained by the employee? For example, only reimbursing for grade of the “B” or “A” level.

Continuing Education

Typically focuses on professional and industry-specific certifications. In some industries, these certifications can be very significant to the employee, especially in the IT fields.

Modern Business Associates frequently deals with designing employee benefit packages and issues. As a Professional Payroll and HR outsource organization, our clients rely on us to help them effectively deal with these kinds of topics.

MBA News - Benefits

Why Is HR Important?

Why Is HR Important?

Why is HR important? – Support your management

Why is HR Important? - Legal Compliance

Why is HR Important? - Support Employees

Why is HR Important? - Support Execs

Employer Education Benefits Tips When Creating a Benefits Package

Employer Education Benefits Tips When Creating a Benefits Package

Tuition Reimbursement

Continuing Education