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There are few initiatives that can help HR to become profit generating center for any organization besides serving and enabling its employees.
1). HR Portal: HR portal is first and important tool that an organization must have to engage employees on one platform. After the thorough development and user experience of this platform HR can sell this product in the market, not only to recover the costs but to gain profit from it. Initiatives like these can become CAPEX rather than marked as OPEX in the finnacial books.
2). Development Center: Learning & development is another major route for success that most of the organizations are following but moving from facilitation to ownership is the level we need to achieve. Like if companies are outsourcing their learning & development needs, they should develop a learning & development center, train the trainer program and then provide learning opportunities internally as well as market your development center externally to engage other partner firms and organizations. This will help the organization to manage the expenses of development center operations and if advertised and managed properly they can even generate profit from it.
