{"id":283,"date":"2017-06-08T09:19:53","date_gmt":"2017-06-08T09:19:53","guid":{"rendered":"http:\/\/infotalentmanagement.com\/?p=283"},"modified":"2017-08-09T12:29:09","modified_gmt":"2017-08-09T12:29:09","slug":"we-partner-business-we-add-value","status":"publish","type":"post","link":"https:\/\/infotalentmanagement.com\/index.php\/2017\/06\/08\/we-partner-business-we-add-value\/","title":{"rendered":"We Partner Business, We Add Value"},"content":{"rendered":"

We Partner Business, We Add Value<\/strong><\/h2>\n

by<\/em><\/p>\n

Noman Bin Zahiruddin
\nChief Executive, talent management.
\nTreasurer, Bangladesh Society for Human Resources Management.
\nEx-Operations HR Manager, COATS Bangladesh Ltd.
\nEx-HR Manager Lafarge Surma Cement Ltd.<\/p>\n

Very recently, I was talking to a young entrepreneur, looking for some venture capital. One of his question: \u201cWhat does it take to be innovative in HR in an organization?\u201d I got interest in the conversation and the meeting last for about three hours. I was amazed of our entrepreneurs\u2019 transformation from a traditional business pattern to modern concepts. Truly, businesses are looking for operational excellence with high ethical standard. Most of businesses are struggling with down to the line, lack of competency and lack of understanding business. What next? \u201cI want an excellent system which will not interrupt my development thought and moreover, operational excellence will boost my interest for business diversification and improvement of my existing process & system\u201d. I was so happy feeling business communities\u2019 thirst for business development and for the development of the country. A Million Dollar Question; \u201cWHO WILL DO IT?\u201d A Simple Answer; \u201cWE WILL DO IT AND WE WILL PARTNER BUSINESS\u201d.<\/p>\n

When BSHRM Executive Committee was selecting BSHRM HR Summit 2017 theme, this story was striking in my mind. How could we be able to set our minds towards sustainable business and how HR professionals are really contributing to business? We wanted to enlighten our inner spirit, energy for change, defining HR role to confirm excellent performance of the organization. Very nicely, we explored for best title among ourselves. Finally, we selected \u201cHR Value Proposition for Business\u201d as Summit theme.<\/p>\n

Up to early 80\u2019s HR professionals\u2019 performances were evaluated on hypothesis. In between 80\u2019s to 90\u2019s transformation took place. Business communities, Academician and HR practitioner were thinking of evaluating HR contribution towards business and setting of measurable KPIs for evaluation. Return on investment and Payback period are mostly known as financial parameter of a profit making enterprise. In modern days, HR performances are measured by similar parameters, like; Cost to the Company (CTC), Training ROI, Engagement percentage score and Percentage of training hour verses yearly working hours. In the Industrial Relation (IR) context, some of the scholars may thinking of \u201cNumber of working days without any IR unrest\u201d. You may relate the same with one of the Safety KPI; Number of working days without any Accident\u201d or \u201cSafe Man-hour\u201d. All of us, love number game. We love to reflect business performance in number. Number says about value addition. No a days, HR performance is evaluated on Value Proposition.<\/p>\n

Reference to Wayne Brokebank & Dave Ulrich; Value proposition generally outlines application of theory in the operational level, where it emphasizes on five factors;<\/p>\n