Global human resource practises had a significant shift during the last few years. Remote working is no longer viewed with scepticism and as an option but a necessity; HR focus shifted to being employee-centric instead of work-centric, and employee mental wellness has been given more priority than ever. There are numerous changes in the HR best policies this year that companies need to recognise to improve their overall performance.
This guide shares suggestions to improve HR practises in your company and set up a successful business.
What are HR Best Practises and their Significance?
Studies say nearly 45% of employees will be burned out by organisational changes in 2023, which urges the immediate adoption of HR best practises in companies. Most HR leaders reported elevating employee experience is their top priority for this year.
HR best practises refer to the universal principles of HR management adopted for managing people in an organisation. This set of universal HR practises leads to superior business performance.
Listed below are the importance of HR practises:
- Higher employee productivity: Research says when managers pay more attention to their employees’ well-being and betterment, employees’ productivity increases.
- Guarantees organisational culture: When your HR team selects the right fit, they guarantee to maintain a positive corporate culture that leads to employee retention, good company reputation, increased productivity, and quality.
- Improved employee satisfaction: With effective HR management strategies, you support your employees with proper training, motivate them with appreciation, enhance them with valuable feedback, and ensure the best employee experience.
- Confront disruptions in business: By hiring skilled employees from different backgrounds and domains, your HR team creates a strong employee base that can confront business disruptions timely and prevent losses.
- Manage disputes: There can be numerous issues and conflicts in an organisation, and the HR policy must contain strategies to resolve them before it affects the workforce.
- Stay compliant with laws: Having a clear policy ensures no legal concerns in the future, employees can understand their duties, and employers know their responsibilities.
Top 10 Unknown HR Best Practises for 2023
Here are the 10 best HR practises for companies in 2023 to improve their workforce, business productivity, and reputation.
Hiring the Right Talent
Employees are the tangible asset of a company. Hiring the right people comes on top of the human resources best practises checklist to maximise business productivity and frame a good work culture and morale. You must instil proper hiring methods in your company to ensure its success in the future.
Some of the best hiring procedures include panel-based interviews and internships. With remote working being the new norm, geographical barriers won’t affect your hiring talents.
HR functions and best practises include efficient employee management that helps your teams to perform their best and achieve business goals and objectives. You need to evaluate each employee and give them feedback which helps in increasing their engagement and improves performance.
Most employees believe delivering negative feedback in the right way helps them improve performance. A few things you need to focus on for proper employment management include managing employee performance, fostering transparency in communication, and enhancing engagement and employee empowerment.
Compensation and Benefits
Candidates accepting your job offer expect justified and industry-compliant monetary compensation for their contributions. Deciding employee pay requires best practice strategic HRM to ensure you pay your employees fairly for their contribution to the company.
Compensation, incentives, and benefits make employees feel valued, acknowledged, and appreciated. Additional benefits may include providing health insurance, travel concessions, maternity and paternity leaves, enforcing family time, and more.
You must always create an open and casual work culture, but not at the expense of ethics. Similarly, creating an inclusive workspace ensures you value all candidates across multiple racial and cultural backgrounds; and that you don’t welcome workplace discrimination.
It creates a cheerful work ambience, improving performance and meeting desired company goals in less time. An inclusive workplace brings a healthy relationship between employees, employers, and managers working together for the common good of the company.
Prioritising Workplace Security
Job security is something that employees are often anxious about, but having a clear and transparent employment contract on hand is a safe sign. The terms and conditions of the agreement define what the candidate can expect against the effort they provide to your company. One of the best HR functions and best practises includes creating an HR policy that aligns with company needs and trade conditions and has a realistic payroll budget.
Apply Open Door Policy
It is good to share information related to contracts, sales, new clients, company policies, management objectives, etc. It guarantees the workforce remains equally interested in the company as the management. They take an interest in your strategic decisions and work together to fulfil business objectives.
You can use tools like an employee self-service portal, manager online, etc., to be as open as possible with your workforce.
Upskilling and Reskilling Employees
Disruptions in business are unavoidable today, but having a skilled workforce can save you from miseries. With the declining shelf life of skills, the need for greater work-life balance, and the introduction of a hybrid work environment, it urges customisation of skill development for better performance.
Upskilling and reskilling employees focus on enabling them to adapt to the changing work environment and be future-proof.
The Hybrid Work Environment is the New Norm
Hybrid work environment culture will stay for a long time, and adapting to the new norm is one of the best HR practises examples. Companies must offer employees flexibility to work from home and the office. Several global companies allow candidates to choose their working hours and ensure a better work-life balance.
However, many are concerned about the challenges in integrating these technologies with normal processes without disrupting existing operations and protecting them from cybersecurity and compliance issues.
Introducing Borderless HR Platforms
With remote working opportunities, regional firms are increasingly operating across geographical borders. Such companies require an ideal HR platform that offers local experiences, culture, labour laws, compliance, etc., and stay relevant to global norms. It ensures you can run a business internationally, handle employees from abroad, and manage to stay compliant with the varying rules and regulations.
Fair Termination Process
The best HR functions and best practises include creating a good termination policy. It must consist of empathy for the employees but not sympathy, and it is essential to clarify to the terminated candidates why the organisation decided to let them go. Every employee must be given due warnings or chances for any error, unless it is too grievous, to rectify themselves and turn around their career.
The HR team must conduct a face-to-face or survey-based interview to discuss the termination.
How Does 6 Pence Help You Keep Up With HR Best Practises?
This guide compiles 10 innovative HR practises you can adopt in your business. No matter what technology you adopt to streamline the HR processes, focusing on the human aspect of your workforce is still a vital criterion today. Your employees are the backbone of your company, and it’s essential to let them know their importance in your activities.
If you want to strengthen your in-house HR team or seek expert assistance in staffing and recruitment or payroll management, contact 6 Pence today.
We are working with local and global companies in Oman, Iraq, Bahrain, and Dubai to help HR with the recruitment and staffing process. Contact us today!
Frequently Asked Questions
What are HR strategies?
HR strategies are organised methods for the HR team designed to support improved work performance and promote a company’s vision, mission, values, and objectives.
What are examples of best practises?
Some examples of best HR practises include hiring the right people, investing in employee well-being, upskilling your employees, rewarding them, providing valuable feedback, and more.
Why is HR best practice important?
HR best practice is essential for overall business performance improvement, employee satisfaction and retention, better productivity, and improved company reputation.