Comments on: How Does HR Add to Profits? http://www.hrmtoday.com/strategy-alignment/how-does-hr-add-to-profits/ Social Networking for Today's HR Professional Fri, 10 Feb 2012 10:56:04 +0000 hourly 1 http://wordpress.org/?v=3.0.5 By: Dan Feerst http://www.hrmtoday.com/strategy-alignment/how-does-hr-add-to-profits/comment-page-1/#comment-7079 Dan Feerst Mon, 30 May 2011 12:36:46 +0000 http://blogs.hrmtoday.com/?p=17636#comment-7079 HR is the glue that holds an organization together. A company is only as strong as its weakest link. I believe that one effective tool for managing employees is through an Employee Newsletter. Frontline Employee is a fully editable newsletter. You can change as little or as much as you want. Visit http://workexcel.net/preview1924.html today for a free three month preview. HR is the glue that holds an organization together. A company is only as strong as its weakest link. I believe that one effective tool for managing employees is through an Employee Newsletter. Frontline Employee is a fully editable newsletter. You can change as little or as much as you want. Visit http://workexcel.net/preview1924.html today for a free three month preview.

]]> By: Ginny T Logan CRP GMS http://www.hrmtoday.com/strategy-alignment/how-does-hr-add-to-profits/comment-page-1/#comment-3655 Ginny T Logan CRP GMS Mon, 23 Nov 2009 00:55:19 +0000 http://blogs.hrmtoday.com/?p=17636#comment-3655 In recent years, more and more HR departments are being asked by their company's to become profit centers, rather than cost centers. This is a huge change from the traditional HR role. However, it is possible and within the relocaiton industry, it is a common practice. It is interesting to see the number of (relocation) departments, (those responsible for the administration of their companys' relocation program), actually adding revenue to their company's bottom line. How do they achieve this? Through strategic alliances with select suppliers that create income for their department. By having specific contractual arrangements, and depending upon the licensing required, and volume of moves, a company can add anywhere from $50,000 to $2.0 million in revenue in this manner. It is not an uncommon question or practice. Please feel free to contact me to find out more. glogan@briggsfreeman.com In recent years, more and more HR departments are being asked by their company’s to become profit centers, rather than cost centers. This is a huge change from the traditional HR role. However, it is possible and within the relocaiton industry, it is a common practice. It is interesting to see the number of (relocation) departments, (those responsible for the administration of their companys’ relocation program), actually adding revenue to their company’s bottom line.

How do they achieve this? Through strategic alliances with select suppliers that create income for their department. By having specific contractual arrangements, and depending upon the licensing required, and volume of moves, a company can add anywhere from $50,000 to $2.0 million in revenue in this manner.

It is not an uncommon question or practice. Please feel free to contact me to find out more. glogan@briggsfreeman.com

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