Taking the Triple Bottom Line beyond just Words
The measure of good HR practices has been their ability to drive the bottom line. Over the years, companies and businesses have moved away from focusing purely on the financial bottom-line to something more wholesome, more sustainable. And so, a couple of decades ago, the triple bottom line or the 3 Ps was coin – People, Profit, and Planet. While this is an attractive goal for all businesses, there is no industry that belongs so perfectly withing the realm of the 3 Ps as HR. We, at ZingHR, have a very clear take on this.
1. People and HR
At the very center of Human Resources are the People. A successful HR practice aims to improve the employee experience and empower employees. At ZingHR, we believe in automating and digitizing processes through solutions such as quick apply/approvals for Hybrid Work Mode, Multi-mode attendance, leave applications, Investment declarations, and submissions – so that the employees feel less burdened by tedious admin work and they have more time to be productive and engaged at work.
If your HR practices are not working for the people, they are not working at all. The happiness and satisfaction of your employees is the best compass to your success and ZingHR has designed every solution around this diktat.
2. Profits and HR
The correlation between better HR and revenue and profit margins has long been established. Therefore, the best HR practices today are those that give each business the best outcomes.
Zing HCM helps organizations increase profits by the use of innovative solutions and cutting-edge technologies – OKRs help drive Alignment and Engagement; while our exhaustive PMS system shifts focus from measuring to ensuring performance. Also, we do this through Goal setting, continuous check-ins, OKRs, Talent Analytics, and Rewards and Recognition.
It is now increasingly evident that steadily rising EBITDA margins are driving skilled HR practices focusing on employee retention, recruiting, talent management, leadership development, and performance management. Forward-looking CXO’s choose ZingHR to increase their EBITDA margins and positively impact business outcomes while increasing people engagement and building a culture of trust & transparency.
3. Planet and HR
Any HRM plays a key role in establishing the company’s core values and building a culture of positive social and environmental responsibility and compliance.
With this understanding, ZingHR believes that creating sustainable models is a responsibility. Therefore, our robust Environmental and Social Governance (ESG) model can be integrate into any HR system to embed ESG values throughout your business. From providing vision and strategy guidance to leadership, assisting in setting ESG KPIs and OKRs for performance management, to conducting ESG training and engagement through surveys, rewards, and recognition – ZingHR offers a well-thought-out ESG strategy that can be easily adapt and implement.
To summarize, the best HR practices are defined by the best outcomes, and the best outcomes always focus on the 3 Ps – People, Profit, and Planet.
