Post by taslimakhatun12 on Jan 17, 2024 4:28:38 GMT
The human resources department is the heart of a company, since it is responsible for pumping vitality and well-being into all corners of an organization. But what would happen if this heart did not have enough oxygen to function fully? And a Factorial survey reveals that almost half of HR professionals in Spain feel precisely this way: they say they do not have the necessary resources to do their job in the best possible way. One of the conclusions of the study is that 57.6% of the people surveyed believe that the HR function should be essential in any company. But another of the most striking statistics in the report is that the average number of people who make up a human resources team in Spain does not exceed five people. In some cases, there is not even an HR department.
The challenge of demonstrating the value of human resources Another aspect highlighted in the report is the challenge of demonstrating the value of HR in monetary terms for the company. Because the department spends a significant amount of time on administrative and bureaucratic tasks, it is sometimes C Level Executive List difficult to quantify its direct financial impact. However, even though more and more data is being collected, both at the entire enterprise level and in the HR sphere, many teams are still unable to leverage it effectively. According to Factorial's study, 39% of companies conduct satisfaction and well-being surveys monthly or quarterly, which represents a valuable opportunity to collect data. However, only 20% of teams subsequently use this data for decision making. Working without effective data is equivalent to working blind. Almost most HR-related processes and tools offer valuable insight into a company's organizational health and people happiness.
Using this information effectively can help HR and team leaders identify areas of improvement or growth needs, as well as evaluate the effectiveness of wellness and loyalty programs. The Factorial study highlights the need to highlight the challenges faced by the human resources department in Spain. The lack of tools, the need to demonstrate their value in financial terms and the little use that is made of data are concerns that should be on the table in all companies. Organizations must pay more attention to the importance of this team and provide the necessary resources so that this department can play its role effectively and have the impact it should have within a company's people and its growth.
The challenge of demonstrating the value of human resources Another aspect highlighted in the report is the challenge of demonstrating the value of HR in monetary terms for the company. Because the department spends a significant amount of time on administrative and bureaucratic tasks, it is sometimes C Level Executive List difficult to quantify its direct financial impact. However, even though more and more data is being collected, both at the entire enterprise level and in the HR sphere, many teams are still unable to leverage it effectively. According to Factorial's study, 39% of companies conduct satisfaction and well-being surveys monthly or quarterly, which represents a valuable opportunity to collect data. However, only 20% of teams subsequently use this data for decision making. Working without effective data is equivalent to working blind. Almost most HR-related processes and tools offer valuable insight into a company's organizational health and people happiness.
Using this information effectively can help HR and team leaders identify areas of improvement or growth needs, as well as evaluate the effectiveness of wellness and loyalty programs. The Factorial study highlights the need to highlight the challenges faced by the human resources department in Spain. The lack of tools, the need to demonstrate their value in financial terms and the little use that is made of data are concerns that should be on the table in all companies. Organizations must pay more attention to the importance of this team and provide the necessary resources so that this department can play its role effectively and have the impact it should have within a company's people and its growth.