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Making HR a profit centre
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How can you make HR a Profit Centre?
A human resource department does not carry out
revenue generating activities. However, various
strategies can be implemented enabling cost
reductions which in turn can contribute to
profits. These strategies include
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Utilizing internal talent for efficient human
capital management
Another way to make HR a profit centre is to
utilize the internal talent. Implement an
employee referral system to identify and attract
talent. Your employees can be a highly effective
source to hire candidates, plus this strategy
helps in reducing hiring costs.
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