{"id":2217,"date":"2021-09-02T03:26:22","date_gmt":"2021-09-02T03:26:22","guid":{"rendered":"https:\/\/news.sap.com\/sea\/?p=2217"},"modified":"2023-04-05T13:34:51","modified_gmt":"2023-04-05T13:34:51","slug":"how-a-new-role-for-hr-can-impact-revenue-growth-for-midsize-companies","status":"publish","type":"post","link":"https:\/\/news.sap.com\/sea\/2021\/09\/how-a-new-role-for-hr-can-impact-revenue-growth-for-midsize-companies\/","title":{"rendered":"How A New Role For HR Can Impact Revenue Growth For Midsize Companies"},"content":{"rendered":"

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\u2019re also about building a united culture that sets the business apart from the competition, clearing the way to revenue growth.<\/p>\n

How can companies connect the dots between HR administration and growth? According to an\u00a0IDC Info Snapshot<\/a>, sponsored by SAP, the answer comes down to \u201cempowering employees, which in turn helps reduce costs and preserve net revenue by decreasing turnover and lost productivity.\u201d<\/p>\n

Our research<\/a>\u00a0supports IDC\u2019s 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.<\/p>\n

Connecting employees to the business with meaning<\/strong><\/h2>\n

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.<\/p>\n

Behind all these changes is an increase in recognition of the influence of employee satisfaction on business performance and growth. And the timing couldn\u2019t be better as people seek more flexible work schedules and a better balance between their physical and mental health, quality of life, and work responsibilities.<\/p>\n

This mindset shift requires HR leaders to reexamine their organization\u2019s role in the everyday employee experience, for example:<\/p>\n