Making a Business Case for an HR Initiative - Worked Example
Author: Ray Halagera
HR initiatives focus on an organization's most valuable asset - its employees. HR can be a strategic partner of senior leaders by recommending initiatives that ensure business success and have a significant impact on the organization's financial performance.
By following a particular process, HR professionals can secure the approval of non-HR decision makers for recommended HR initiatives. The key to success via this process is presenting the positive results the proposed initiative will create for the organization.
This Worked Example illustrates this process by showing how HR can make a successful business case for the HR initiative of increasing the organization's profitability by reducing the cost of voluntary employee turnover.