10 Successful HR Strategies for Your Business

If your business has a human resource department, it also needs clear HR strategies. Why? The best HR strategies aim to help you attract and retain employees, improve their happiness and engagement, and even boost their productivity.

Here are ten examples of successful HR strategies that you could implement in your business.

1. Structured onboarding

When new employees have a positive onboarding experience, they are more likely to be productive and satisfied with their jobs. This is why it’s important to improve your onboarding process.

Structured onboarding is all about training your new employees. But it should also inspire, motivate, and make them aware of your mission and values.

2. Targeted recruitment

You need a targeted recruitment strategy if you have difficulty attracting the right talent. You should carefully consider where and how to advertise job openings.

Your HR department should first consider who the ideal candidate is. This will help them figure out how to reach out to this candidate and where to advertise the job opening.

3. Favouring quality over experience

Favouring quality over experience is a simple strategy, but it can yield impressive results.

Look for creative and dynamic employees interested in your business who fit your company culture well. Even if they have no experience, their qualities and willingness to learn should make them better candidates than employees with a lot of experience but who lack curiosity or motivation.

4. Training and development

Training your employees is like investing in them. Of course, you need to train them so they are equipped with the necessary skills to perform their duties. However, you can also provide them with training opportunities to develop new skills useful if they want to advance in their career.

Employees with the qualities required to become great leaders could be offered leadership development opportunities. This helps them grow while helping your business grow.

5. Outsourcing

Working with HR consulting services would be best if your department lacks time to develop and implement successful HR strategies. HR consultants will also be helpful if your small business doesn’t even have an HR department.

Your consultants can help you hire the right employees and manage your workforce.

6. Community outreach

Community outreach is an HR strategy that encourages employees to contribute to their community in a meaningful way. For example, some company employees could organize a seminar to raise awareness about an important cause.

Community outreach efforts help advertise your brand, products, or services to the public. They can also increase employee satisfaction since you will reward them for working with the public in a way that matters to them.

7. Flexible working

Allowing employees to set their hours is another HR strategy that helps increase employee satisfaction and engagement.

Of course, flexible working might be easier to implement if your employees can work from home. This can allow them to perform their different tasks at the time of the day when they feel the most productive.

8. Merit-based compensation system

A merit-based compensation system can be a good strategy if your business regularly hires freelancers. Instead of paying them for the number of hours they work in a week, you could pay them for the value of the work they complete for you.

Merit-based compensation can involve giving bonuses to your employees when they achieve great work and can motivate them to become more productive.

9. Open-door policy

An open-door policy doesn’t mean your managers should always open their office doors. But it does mean you must let your employees know that if they want to speak with a manager, their door will always be open.

This is about encouraging employees to ask questions, make suggestions, or express their concerns. Open and honest communication is a way to treat your employees respectfullybut it also improves your company’s culture.

10. Quarterly pulse surveys

Finally, quarterly pulse surveys are another successful HR strategy showing your employees that what they say matters to you. You can gain valuable insights by regularly asking them questions about their satisfaction with their jobs and other topics related to your business.

This allows you to identify areas that need improvement. Of course, improving these areas will help increase your employees’ satisfaction while boosting their productivity. This should be the goal of any HR strategy you implement within your business.

Kelly Young is a writer born and raised in Toronto. Proud of her simple and cozy life, a perfect evening for Kelly would be to snuggle up in bed with her cat and a well-written historic memoir.