Advances in technology, rapidly expanding global markets, diverse workforce and work-life balance matters have led to future generations of HR leaders facing challenges in the increasingly integrated workforce.
With advances in the field of HR Management (HRM), workers are more innovative than ever. The ability to adapt as the business world continues to expand is the key in the success of future business leaders.
HR is an essential instrument of organisations to ensure it’s overall operational effectiveness. A fundamental building block in sustaining organisations, is the HR profession growing fast enough to meet emerging needs? There is no question whether HR will survive in future decades – the question is: what will its function be?
Traditional functions of HR will continue to thrive in practice within organisations; compensation, benefits, training and employee relations. A spectrum of key trends that will adapt the future of HR functions include:
The rise in portraying individual employees as assets in organisations, as opposed to prevailing perceptions of a ‘one-size-fits-all’ approach to workforce management is key. As more organisations perceive their workforce as a collection of individuals, leaders must customise employee incentives and opportunities. This benefits the growth of both employees and the organisation.
With dramatic advances in technology, traditional function of HR are being disrupted. Employees can produce their work anywhere, communicate anytime and with a limitless global barrier.
As technology advances, companies have developed flexible work arrangements for employees to function outside of workplaces. This saves in renting office space. Additionally, flexible work conditions increase staff productivity significantly. As technology improves, HR functions have to adapt to the possibilities they open.
The global talent map has lost its borders as technology advances. With online social media interfaces such as LinkedIn, the global map is smaller, as people worldwide are sharing their diverse professional skills, experiences and education. Recruiters are able to easily search for strong potential candidates through the interconnected professional networks that exist.
In the coming years, organisations will see more diverse workforce, and HR functions will need cater to the needs of individual in culturally diverse settings. Recruiters will need to adopt new strategies to match talent effectively with the growing world.
Psychology of Human Behaviour
As the global talent pool increases, researchers need to find links between talent management and human behaviour. With growing insights into the mind, motivation and behaviour, more organisations are beginning to use analytics to help achieve improved employee performance.
As the scientific understanding of human behaviour and motivation becomes incorporated into the HR functions of the business world, a stronger future for HR awaits. What motivates employees? What can employers do to achieve high employee productivity? Insight into organisational behaviours is a key instrument in the continued development of HR’s future function.
Any questions or comments? Contact Bronwen.