How A New Role For HR Can Impact Revenue Growth For Midsize Companies

By Maryann Abbajay, Chief Revenue Officer, SAP SuccessFactors

The recent workplace changes within midsize companies are much more than a response to workforce expectations, safety guidance, digitalization trends, or demand for cost reduction. They’re also about building a united culture that sets the business apart from the competition, clearing the way to revenue growth.

How can companies connect the dots between HR administration and growth? According to an IDC Info Snapshot, sponsored by SAP, the answer comes down to “empowering employees, which in turn helps reduce costs and preserve net revenue by decreasing turnover and lost productivity.”

Our research supports IDC’s revelation well: organizations that focus on overall employee engagement deliver three times more revenue per employee, 40% lower workforce turnover, and 15% higher productivity. And in most cases, achieving such improvements begins with a new perspective on the role of HR in the employee experience.

Connecting employees to the business with meaning

The number of changes that HR organizations have experienced in recent months is nothing short of stunning. In many cases, their leaders now report to the CEO. Benefits plans and administrative structures have been reassessed and realigned to better meet employee needs and expectations. Even office-space layouts have evolved to include more stand-up meeting areas, rotating workspaces, and collaboration rooms.

Source: Forbes

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