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Proving Your Worth - Forging Business Partnerships
Osney Media, Aug 2010, Pages: 60
Proving your worth - Forging business partnerships!
Even before the credit crunch many organisations were changing their business models. For some change was incremental, for others it was reactive, but now everyone is changing the rules of the game. In this 60-page report Professor Paul Sparrow, Dr Anthony Hesketh and Martin Hird of the Centre of Performance-led HR, Lancaster University, share the findings of their recent study into HR business partnerships.?
- How can HR align itself with business strategy and sell itself to the board?
- How can HR demonstrate added value?
- How does HR learn the language of the CEO?
- How can HR contribute to the organisation’s development and do so in terms the Board can quantify?
These days HR functions are in a more proactive space. And where organisations are innovating new business models, HR has to be a central player in designing and executing new business strategy.
- Find out what is meant by HR added value
- Share in the strategic evolution of the organisation
- Use the ‘Golden Triangle’ and build relationships between the CEO, CFO and HR
- Be bilingual and speak the language of the CEO
- Demonstrate value improvement and leverage
- Get involved in the forums that interpret and transfer strategic knowledge
- Play the governance card
This report details the assets HR directors need to marshal to prove their worth and forge better business partnerships. It sets out four important contexts where HR directors can build a Golden Triangle - a culture of mutual respect and support between senior executives. HR doesn’t need to be at the table, but does need the confidence to be part of these strategic conversations.
The 60-page report outlines how HR can ensure it has the agency, the social power and influence that gives it a genuine zone of manoeuvre and obtain that crucial voice in the business conversation.
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