In a climate of economic uncertainty, financial downturn, global talent war and attrition faced by companies, HR professionals are faced with more complex challenges related to human resources management.
The common tasks performed by HR professionals such as recruitment, workforce retention, employee engagement, governmental issues, benefits, rewards and recognition etc. New challenges and issues seem to be emerging and growing with time in the HR realm of operations.
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Here are top 4 biggest woes faced by HR professionals:
According to a 2012 poll held by the Society for Human Resource Management (SHRM), more than half of respondents (59%) claimed that employees’ retention will be the greatest challenge in 2022. These big numbers obviously showcase that most HR professionals agree and are aware that workforce retention is an urgently critical issue impacting organisations globally.
These predictions further create sense of anxiety among top management, senior executive leaders and HR professionals with significant numbers on constant lookout for new jobs, when the company is unable to optimally thrive during challenging times.
Furthermore, evaluating employee potentials and accordingly rewarding them with benefits, perks, accommodation and insurance facilities helps facilitate employee retention.
Based on the similar SHRM study, leadership issues rank second topping the list of HR professional challenge for the next 6 years. Aging talents are increasing and it’s time for the next generation to take control, but are they ready? If yes, would they be as competent as the previous generations?
A leadership issue is considered to be the vital one, as poor leadership results in significant generates people’s employee turnover and disengagement at work. Unfortunately, strict workflows, deadlines and regular duties lower the importance of the leadership training program, thus creating talent-skill mismatch gap.
Baby boomers are ready to retire but are the next ones ready enough to heir the victory?
Based on a PwC study titled, Millennials at Work Reshaping the Workplace, Millennials will be dominating the workforce by 2020. Millennials, as business leaders possess some typical traits such as, they are open-minded, tolerant, creative, like to take up challenges, more critical, value oriented and more.
Millennials entering the workforce and reigning leadership positions early on in their careers is challenging to many business leaders (the Gen Xers and Baby Boomers). Large number of workforce personnel is indeed a precious asset for organisations and they need to be engaged with an organisation.
A big homework stands ahead for HR professionals, top management and the stakeholders to create millennial friendly-workplace environment, without impacting values, targets and performance expected of the professionals.
Company’s culture is often considered as a less important thing. What goes less noticed is its significant relationship to employee’s productivity and engagement. Company’s culture might not be visible and almost costs zero, but it can be felt and impacts workforce performance in daily workings.
A great company culture plays a significant role to attract new talent looking forward to work for a company that boost their confidence and empowers them to feel positive at work. Therefore, it is imperative to hold team meets, encourage discussions and boost cooperation among top management, employees and HR professionals. The perfect organisational culture is the one that fits to meet long-term business objectives and employee demands.
HR professionals as the backbone of the company, hold the onus to create happy work spaces. Hence the workplace culture should facilitate collaboration between the top management, senior leaders and HR professionals to decrease the woes that follow suite as a byproduct of success.
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