Home » Year-End Review: Best HR Practices to Implement Before December
November 6, 2023
Lyceum Insurance Services

Year-End Review: Best HR Practices to Implement Before December

As the year winds down, businesses should reflect on their achievements and also make plans for the coming year. 

Human Resources (HR) procedures are an essential part of end of year procedures. According to Oxford University, an extensive study into happiness and productivity has found that workers are 13% more productive when happy. Happiness has been shown to improve practically every metric used to evaluate a company’s or school’s success, including revenue (37%), productivity (31%), and accuracy (19%). 

Open and honest dialogue should be maintained as the year comes to a close. Discuss last year’s successes and plans for the next one. Acknowledge the efforts of your staff and show appreciation for their efforts and services. Ask employees what makes them most happy to plan this into next year’s budget and activities. 

Putting these HR procedures into place before the end of the year will pave the way for a fruitful year. Keep in mind that a productive business relies heavily on a well-managed and inspired staff. If you put in the effort to train and develop your staff, you can expect increased output, happier workers, and a flourishing firm.

Navigating the world of human resources necessitates differentiating between HR best practices and HR activities. HR best practices relate to strategic operations, laying the foundation for managing the workforce and aligning with the company’s broader strategy, such as establishing departmental missions or evaluating program impacts. In contrast, HR activities focus on the daily tasks to implement these practices, ensuring a cohesive and efficient HR framework.

Other questions to sort out before 2024 are:

  • Are your benefits up to date? 
  • Are you missing any key values or mission pieces to drive inclusivity? 
  • Are you having year end performance reviews with your team members?
  • Are you coming up with a year end thank you gift for your team?

 

Worry no more! Before the year ends, you can depend on us for professional guidance on putting the best HR practices into effect. Make sure your company has a successful year-end by using our tried-and-true tactics.

Contact us at [email protected] or visit https://www.lyceumins.com/ for more info.

Categories: Human Resources

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