New HR trend: HR entrepreneurs

Entrepreneurs – Most probably the people who set up a business or take ahead the initiative to create a product or service in the hope of profit. But is that it? Do entrepreneurs only satisfy a business need? Definitely not! Good entrepreneurs have the ability to find a solution to any given problem, irrespective of the context. In a nutshell, entrepreneurship is more of a mindset than a business model that works on innovative thinking. Having an entrepreneurial mindset is a crucial aspect in today’s ever-evolving world, where every minute speaks of new innovations.

Human resources are known to be the domain that works on deeply rooted processes and lacks creative, innovative thinking. HR departments generally deal with basic needs that need leaner, easier processes, which can restrict innovative thinking. However, having an entrepreneurial mindset is pivotal for Human Resources (HR) as they are a core function of any organization. So, how can we give that entrepreneurial twist to the age-old methods of human resources along with a zest for innovation, creativity, and dynamism? Dive into this new HR trend that has been emerging in the industry lately called ‘HR Entrepreneurs.’ Here’s everything you must know about it.

What is an HR entrepreneur?

Irrespective of the size, industry, or type, the HR department is one of the most crucial aspects of any business, necessary for employee well-being. Right from the hiring, payroll, benefits, and layoffs to keeping up with the state and federal tax laws – HR professionals have to manage everything. In such an environment, having an elegant and aesthetic setup isn’t enough to foster an entrepreneurial culture – continuous motivation and inspiration to drive high performance are imperative. Moreover, when your base is firm, you can always reach higher heights. Similarly, as HRs build the foundation of an organization, they can definitely rev up their entrepreneurial journey.

Ideally, there isn’t a specific definition of an HR entrepreneur. HR entrepreneurs are HR professionals of any level who have:

• Strong professional HR knowledge

• Good business knowledge, such as customer service, project management, and more.

• Understanding of the industrial environment and market in which the business operates.

• Constant look to benchmark the organization against industry standards and quality.

• A business mindset with continuous hunger to drive better results and ROI.

• Strategic thinking to excel in business requirements and thrive in a modern yet ever-changing business environment.

Also Read: Benefits of HR Outsourcing: How Small Businesses Can Ace their HR Functions

4 Ways HR professionals can thrive in their entrepreneurial journey

HR entrepreneur is a new emerging buzzword that is all the rage when you look through the trough of the latest HR trends. While it is evident that having an entrepreneurial mindset is crucial, it is of paramount importance for HRs to step ahead of the age-old methods and embrace new technologies and creative thinking. If you are looking to step into the business world, here are four ways you can embrace an innovative mindset to always stay ahead of the curve and thrive in your entrepreneurial journey.

• Constraints – not a barrier anymore!

• Don’t stay in your lane

• Ask questions

• Lead the change you want to see!

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