HR management knowledge is created by learning how to apply concepts and theories in the organizational structure. In most cases, human resources have positive influence on setting the strategic direction within an organization that needs developing and support. Shawn Price, president of SuccessFactors indicated that findings in a survey analysis found having a Chief HR Officer within the ranks of management is correlated to a company’s bottom line. Chief HR officers tend to value best practices in reference to HR tactics and seeking the best talent management to heighten better financial performance.
Effective skill development of an HR professional is targeted in the following areas:
Having basic business knowledge;
Having knowledge of the traditional HR related processes and experiences;
Having knowledge of the different areas of employee training;
Find ways to maximize company costs and cutting cost;
Using strategic ways to manage organizational change in terms of leadership management changes and dealing with internal cultural matters.
HR professionals must have the ability to make quick, intelligent as well as accurate judgment calls about the talent they are seeking to hire within the company and have a good understanding of the business operating cycle. HR professionals can learn the basic functions of each department within the organization to enable him or her to be more helpful to be more responsive to the business needs of the company. Business executives look at the HR function for expertise in designing the organizational structure to help increase competitiveness in the domestic or global business markets.