In a competitive world where achieving growth is a constant effort, human resources can play a major role in business expansion through innovation, without which any business would become stagnant, according to leading HR consultancy firms.
Innovations in a business means fresh ideas, new strategies, new systems and processes that help in achieving growth, Planman HR Director and Managing Partner Deepak Kaistha said.
Elaborating on this, Kaistha said, "Manpower is one of the critical aspects of businesses. To get the best out of them and to motivate them, it is important to have out-of-box HR systems and processes to encourage and drive innovation in an organisation."
Echoing a similar opinion, executive search firm GlobalHunt's Director, Sunil Goel, said, "A good HR or people's policies make employees feel part of the organisation and they give their 100 per cent and come up with billion dollar ideas to add value in a new segment or set-up."
Kaistha further said that companies can promote innovation by hiring HR managers who create networks of managers charged with encouraging new ideas. This kind of decentralised team can identify promising new concepts and prioritise them so that they receive the attention they deserve.
However, Goel said every organisation must have democratic policies and should not have a bureaucratic system. If great ideas are not communicated further, then people will stop giving ideas, he warned.
There should be a centralised communication system, where every employee can table their ideas, Goel said. All ideas should be reviewed, compiled and discussed in an open forum, he said. The best ideas should be recognised and rewarded, he added.
