Human Resource Management was once thought of as simply the

Human Resource Management was once thought of as simply the \'Payroll Department\'. Why is it important now for HR management to transform from being primarily administrative and operational to becoming more of an overall strategic contributor to the organization?

Solution

In many big companies around the world Human resource department is now a key contributor, it has moved from being a cost center to a startegic one. Few years back HRs only handled payrolls and other administrative tasks but now so called Human resource deparments is called by different names in different companies like \"Human resource Operations\", \"Human resource analytics\".

Its not just the name change but also the responsibilites they handle have changed drastically. They are required to stay up to date with the latest industry trends and implement in their company as well. They are using the tools and techniques to predict their staffing requirements and bringing out the best of the talent out there. They are defining the strategies and implementing them to not only hire the best talent but also retaining them in the company by providing them the environment, the culture they deserve.

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