The role of Human Resources (HR) is changing rapidly as a result of globalization, rapid technological development and changes in organizations operational objectives and stakeholders’ expectations. As companies struggle to realize the true importance of recruiting and managing the right people to advance the objectives and goals of the organization, a need for a new strategy in human resources is emerging. Managing a workforce today must reflect a new business reality and new effective means of managing people in the new digital age.
Finding partners, resources and information to help better understand what brought about the current state of things is essential to developing a workable strategy, formulating creative ideas and obtaining the most recent knowledge on how the HR function can respond more effectively to the changing business situation. Skill in managing global HR issues in 2013 and the 21st Century include:
- Attracting the right talent
- Effective leadership development
- Globalized business environment requiring diversity management skills
- Good governance in order to build integrity and trust among managers and employees
- Effective demographic management
- Ongoing training and creating opportunities for talented, upwardly mobile staff
- Managing ever more complex labor and benefits costs
Meeting these and other challenges will require established HR functionaries to think outside of the traditional human resource box, and perhaps outside their current organization, to independent consultative service providers who are specifically focused on the rapidly changing resource trends and tactical maneuvers that will enhance todays successful company’s ability to achieve their short-term goals and long term organizational vision.
Developing strategies for planning, workforce retention, new staff recruitment and job satisfaction will help reduce costs, loss of knowledge capital, and improve the overall organization performance.