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The days of thinking about human resources (HR) as merely a supportive, administrative function – say, passively managing employee documentation, overseeing timekeeping and administering payroll – are long over. Increasingly, leaders are recognizing the broader value of HR as a strategic partner and the critical importance of HR in overall business success.
If we think of people as the foundation and most vital asset of any company, then it’s clear that HR can significantly impact nearly every aspect of a business.
So, why does HR matter?
In today’s workplace, what all does HR encompass? What is the purpose of HR?