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Building a Sustainable HR: Prioritising Long-Term Growth and Adaptability
Posted on July 19, 2023 by Editor
In the world of Human Resources, the acronym SMART takes on a unique meaning—Sustainable, Measurable, Agile, Relevant, and Timely. SMART HR embodies the approach of developing and implementing strategies and practices that are not only sustainable and measurable, but also agile, relevant, and timely. This blog will focus on the first aspect: Sustainability.
Organisations today recognise the need for sustainable HR practices that fuel long-term growth and adaptability. These practices, defined as the adoption of strategies and actions that contribute to financial, social, and ecological goals, leave a lasting impact both within and outside the organisation. But how does sustainable HR translate to long-term growth?
A key element of sustainable HR lies in fostering task autonomy, teamwork, and employee involvement. A study by MDPI indicates that these elements positively influence immaterial satisfaction, which in turn boosts performance. When employees have a sense of control and involvement in their roles, it not only improves their job satisfaction but also enhances productivity.
Moreover, the importance of employee well-being and strong company culture in sustainable HR can’t be overstated. A research by Selectonellc suggests that job seekers place significant weight on a company’s culture when choosing their workplace. At least one-third of them would pass up an ideal job if the corporate culture was unfit. Similarly, a Forbes study suggests that organisations with a robust learning culture have higher engagement and retention rates. These figures underline the fact that sustainable practices are crucial for retaining top talent and maintaining a healthy organisational culture.
Embracing sustainability extends beyond in-house practices, reaching as far as an organisation’s Corporate Social Responsibility (CSR) initiatives. Furthermore, a sustainable HR approach embraces flexibility, such as optional remote work. A survey by Springworks suggests that companies that offer remote work options have reported a 25% lower turnover rate. This aligns with the increasing trend of remote work and digital transformation in today’s workplaces.
Building a sustainable strategy is all about creating a resilient, adaptable framework that not only focuses on immediate goals but also keeps long-term growth and adaptability in mind. By investing in such practices, organisations can create an environment that promotes employee well-being, encourages a strong company culture, and retains top talent—all critical factors for long-term success.
Building a Sustainable HR: Prioritising Long-Term Growth and Adaptability
Posted on July 19, 2023 by Editor
In the world of Human Resources, the acronym SMART takes on a unique meaning—Sustainable, Measurable, Agile, Relevant, and Timely. SMART HR embodies the approach of developing and implementing strategies and practices that are not only sustainable and measurable, but also agile, relevant, and timely. This blog will focus on the first aspect: Sustainability.
Organisations today recognise the need for sustainable HR practices that fuel long-term growth and adaptability. These practices, defined as the adoption of strategies and actions that contribute to financial, social, and ecological goals, leave a lasting impact both within and outside the organisation. But how does sustainable HR translate to long-term growth?
A key element of sustainable HR lies in fostering task autonomy, teamwork, and employee involvement. A study by MDPI indicates that these elements positively influence immaterial satisfaction, which in turn boosts performance. When employees have a sense of control and involvement in their roles, it not only improves their job satisfaction but also enhances productivity.
Moreover, the importance of employee well-being and strong company culture in sustainable HR can’t be overstated. A research by Selectonellc suggests that job seekers place significant weight on a company’s culture when choosing their workplace. At least one-third of them would pass up an ideal job if the corporate culture was unfit. Similarly, a Forbes study suggests that organisations with a robust learning culture have higher engagement and retention rates. These figures underline the fact that sustainable practices are crucial for retaining top talent and maintaining a healthy organisational culture.
Embracing sustainability extends beyond in-house practices, reaching as far as an organisation’s Corporate Social Responsibility (CSR) initiatives. Furthermore, a sustainable HR approach embraces flexibility, such as optional remote work. A survey by Springworks suggests that companies that offer remote work options have reported a 25% lower turnover rate. This aligns with the increasing trend of remote work and digital transformation in today’s workplaces.
Building a sustainable strategy is all about creating a resilient, adaptable framework that not only focuses on immediate goals but also keeps long-term growth and adaptability in mind. By investing in such practices, organisations can create an environment that promotes employee well-being, encourages a strong company culture, and retains top talent—all critical factors for long-term success.