Role Of HR Consultancy During Termination And Outplacement

Termination of services for an employee is a tricky situation in the corporate structure. It is the end of employment of an individual with a particular organization which can be of two types. One is known as voluntary termination which takes place when an employee resigns voluntarily or retires after specific employment terms. It might also occur when an individual goes for voluntary retirement. The second termination type is involuntary. This has two aspects to it. The termination may occur due to poor performance of the employee or breaking of work culture regulation as well as ethics. There is another scenario where a company terminates a certain section of employees as a part of business strategy. It might occur due to loss in revenue or change in market or industry conditions. This is where an HR consultancy steps in to the picture and is often asked for outplacement services. The work of the consultancy is mainly divided in to three major phases.

• The first or initial phase is the pre termination stage. In this the planning of the entire process is performed along with the outplacement strategy to be taken up.
• The next stage is the actual termination phase where the formal communication of the termination is given out to the employees which is followed by an initial support and guidance to the terminated employees.
•  The post termination stage is divided in to two parts. One deals with the existing employees in order to control any unwanted panic wave that might disrupt the productivity of the system. The other part consists of guiding the terminated employees through career orientation programs and stress management sessions. This is helpful in minimizing the tension and stressful environment within the organization.

The role of HR consultancy under the outplacement service is as follows.

• The initial support provided to the terminated employees is suggestions related to resume build up which helps in finding other employment opportunities with higher effectiveness and within a short span of time.
• It helps in planning the career development agenda in an organized manner.
• Elaborate career guidance is provided in terms of career objectives, opportunities available, market conditions, employment demand areas and much more.
• The HR consultancy helps the individuals with the preparation for interview process that involves grooming lessons, tips, objectives and presentations.
• Another important aspect of this service is network development. It helps in channelizing the profiles in the right direction for assured re-employment.
• Effective job search is facilitated by the consultancy so that profiles end up with the right positions and companies where it will conclude in proper recruitment.
• The consultancy helps with the assortment and management of documentation that are required for the selection process and final recruitment.
• Workshops are organized in order to assist the terminated employees to deal with the transition phase.

Lastly, legal compliance is thorough assessed and required measures are taken in order to minimize the risk.

Information Technology Becoming an Evitable Part of Business Processes

Innovation is the new face of corporate environment in current times. Technology is influencing every bit of business processes and adding to the quality and value of the same. Not only in terms of production and execution, technology has been used for finance management, workforce management, customer engagement and so on. It has proven to be effective across various business functionalities and segments across industry domains. Among all, Information technology has bagged major limelight in current years. Some of the business segments wherein IT is being used effectively are as follows.

• The first and most important segment of business that determines the path of growth and future expansion is the decision making. IT helps in making accurate decisions at a steady pace. Most organizations undergo a thorough market research process in order to take up a strategic decision. This process is characterized by online surveys, forums, blogs, group discussions and much more. Some of the popular tools which are used for this approach are Big data, Google Analytics and Microsoft CRM Dynamics. These tools are utilized for analyzing real time responses and well as increasing the accuracy of the decision by removing human errors.
• Marketing forms a significant channel of business growth. It involves many sub processes such as maintaining public relations, advertising, promotion and sales which contribute towards revenue generation and business growth. In this regard, digital marketing has gained tremendous popularity in the past couple of years inspired by IT. Concepts such as search engine optimization or SEO, Pay per click, social media marketing and much more have been introduced due to IT support. Web market is an important source of business management in recent times which has been effectively addressed through IT.
• Customer support and satisfaction plays a key role in the business development and revenue generation in the long run. An effective customer support process can be handled effectively though IT technologies in a steady and organized manner. Analyzing the consumer behaviour towards a certain product or service, satisfaction levels, needs and such like can be performed through effective IT tools. These tool both online and offline have helped businesses to get in touch with the customers directly and know their point of view. It also creates a brand image that lasts for a longer duration which is helpful in retaining a loyal consumer base.
• Resource management is one of important aspects of any business. Manual maintenance of resources for large organization becomes a tedious task and it also creates chances for human error. Cloud based Enterprise Resource Planning (ERP) solutions have been popularly adopted by all large scale organizations in this front. It facilitates virtual monitoring of resources in an effective manner promoting a flexible work culture which is fast and effective at the same time.

Therefore, it is quite evident that IT is the frontier of business development in recent years. This has also increased the importance of IT staffing solutions provided by many recruitment firms.

Role of Human Resource in Business and Strategic Planning

Traditionally human resource segment was associated with the recruitment process and on boarding of candidates in to a company. The segment functionalities initiated with searching appropriate talents and conducting the selection process in an organized manner. But the corporate environment has undergone many changes in recent years and this has influenced the functioning model of HR segment in a major way. Now the role of HR has expanded even to business and strategic planning in order to secure growth in coming years along with effective crisis management. Previously companies were sceptical about investment in this segment as it was not a direct profit yielding business wing. But that thinking has faded away with recent corporate trends. The following pointers show the parallel connection of HR with business processes and planning.

• Executive support is the most basic requirement of a company when it plans to implement a certain strategy within the work environment or plans an organizational change. In order to understand the requirement type of executive support, HR needs to be addressed in the business planning phase. The segment can contribute by addressing the current scenario of talent availability in relation to business development which can be used for strategic and business planning.
• Building up a leadership line is crucial and difficult at the same time. This is especially true in current corporate situation where the baby boomers or generation x are nearing their retirement age. Building up the future leadership team requires insight and understanding of the current business statistics and market conditions along with future objectives. HR plays a significant role in building up the business strategies by hiring future leaders in accordance with the business objectives.
• Sometimes, the businesses go through a transition phase due to industry trends or market conditions. This transition is majorly undertaken and conducted by the resources within the organization. But the planning, development and execution of this transition is designed and formulated by the HR in order to overcome any unwanted conflicts and issues with the system or during the development processes.
• Companies that function at multiple locations have to undergo global placements in order to support the hiring requirements. Global placement process requires an in-depth research regarding the talent availability in relation to market conditions, various legislative frameworks across markets, labour laws and much more. This function and its related activities are handled by the HR segment that is influential in strategic planning.
• Training and development is one of crucial factors that contribute towards organizational development. It helps in increasing the knowledge base of the employees which results in higher productivity giving the brand a competitive edge. The identification of knowledge gap, present knowledge base and training programs is necessary for business planning that is performed by HR.

Therefore, the correlation of business and strategic planning with the human resource management is quite evident in recent times. It needs to be addressed with similar importance for long term growth and expansion.