Businesses have financial plans, sales plans and marketing plans, governance plans and environmental plans, yet the greatest controllable expense a business has on their profit and loss statement is their wages bill. Why don't they have a HR Plan to maximise the outcomes and performance of this expense?
The National Standard HRF 101:2010 Human Resources Framework provides a simple and flexible HR Framework which is easily adopted or implemented. Every business needs to ensure that their HR systems, processes and methods are aligned and appropriate to the needs of their specific business (because you don't need a sledgehammer to break a peanut). The stronger the alignment between the human resources framework and the business strategy, the greater the likelihood that business will see improvements in productivity, performance and profit.
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The National HR Framework is a standard that was released in 2010 to meet the needs of businesses. It minimizes risk and unlocks value in businesses to maximize sustainability.
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The standard identified 5 linked and critical stages that form a framework. Those include:
1. Organisational measurement and planning
2. HR Systems and processes
3. Corporate compliance
4. Performance management
5. Improvement systems.
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The standard provides a sound structure for HR focus and activity within a business. It is also provides a basis for annual review - as the business environment is constantly changing-and businesses need to adapt to survive and prosper.
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