What Does Value Mean to You and Your Organization?
Developing an understanding of value is particularly important for HR because the output of the group tends to be intangible and often difficult to measure in hard dollars, while the cost of its services is very tangible and visible. Viewed this way, the impact of HR on organizational costs is more apparent than its impact on revenues. Consequently, whenever the organization is under pressure to perform financially, the HR budget becomes an attractive target for cuts. To combat this tendency the HR group needs to develop a strong understanding of value and communicate it effectively to the rest ...
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