The Human Resources Department as a Profitability Factor
Published on: 22/05/2013
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Stewart Miller
Stewart Miller
Stewart miller
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What would you do if you had a Human Resources employee who could improve the company’s profit margins, positively impact the cost of goods sold, lower the day’s sales outstanding, and increase the price/earning ratio while liquidating overhead costs to the business - and still deliver flawless transactional and traditional HR services?

Most CEO’s would react in two ways:

  1. Why is this individual wasting his/her time in an HR department?
  2. Why didn’t I demand this level of HR department performance five years ago?

The concept of the Human Resources department as a profitability contributor is fast gaining currency in UK businesses and bears closer examination. Of executives surveyed, 20% currently use the HR department as active and innovative business solution

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Disclaimer The information in this article is provided as part of Legal Island's Employment Law Hub. We regret we are not able to respond to requests for specific legal or HR queries and recommend that professional advice is obtained before relying on information supplied anywhere within this article. This article is correct at 22/05/2013
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