The trends and challenges for the Industry in the various aspects of HR as they were perceived in 2016 and how they stand for 2017 as explored by O.C.Tanner, a global employee recognition and engagement company.
Leadership, Engagement & Culture
2016: The economic climate of the day for smarter operational methods of business and challenge was to stay ahead of global demographical shift and the growing competition, and was thus leaning towards one common theme, employee engagement interconnected to culture. Therefore, companies were required to place employee engagement and culture as their top most priority in 2016. Secondary to this theme was Leadership, who knows how to lead teams and inspire them to create an exemplary brand and a journey to success. Further, learning and development, which forms the foundations of the brand, has an equal foothold in this highly commercialized world.2017: The aforementioned theme continues to bear significance in 2017, and, it is anticipated that it will continue in 2018 as well. It did progress in the priority list of CEOs, and the ROIs were evaluated to make investments in leadership and engagement / culture influencing initiatives. We will see a lot more business cases being presented to Company Boards to justify and measure the investments on initiatives created by organizations towards cultures and engagement of employees.
Developing the human side of the business
2016: Majority of the organizations with the ability to thrive in today's dynamic business environment are struggling because they do not empower people. Success in the 20th century was driven by process,structure and encouraging people to function more like machines hereafter success in the future requires us to make more of the human side of business.
Humans have evolved to deal with uncertainty through collaboration, cooperation and using conflict in a constructive manner. Businesses need to encourage their people to develop mindsets geared towards connection, conversation and experimentation.
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Continuous Learning For Growth
Of late, for organizations particularly in the service sector, people have become the strategy. And, if that is the case, the Learning and Development (L&D) department in organizations, and the industry in general, is likely to witness significant growth in 2017 and the years thereafter.
Creating Open Spaces And Minds
As the boundaries of life between work and home continue to blur, employers and employees are sitting up and are noticing the ways and means to offer and avail a worthwhile experience at the workplace.
Striking The Right Balance
In 2017, an employee in the HR Department of a leading global company received an excel sheet attachment in his official mail. While the content seemed harmless, it was in fact a well disguised Ransomware attack which had in fact placed several companies worldwide in the dock. Ransomware attacks targeting HR departments across the globe have since been in vogue since they possess valuable employee data which can be used to commit crimes such as tax frauds and the like.
The Multifaceted Advantages Of AI
AI can speed and automate data collection, make fundamental observations, systemize HR issues, and differentiate customer and employee profiles. But, corrective measures and final decisions can only be approved by people who can understand how to leverage AI tools to acquire accurate information sans the noise and interpret them the right way.
Engagement Surveys: A Means Or An End?
Surveys are not merely a way to check the pulse of the organisation; they should ideally be used as vehicles to improve the organisation culture, people practices and employee experiences which gradually translate into business success.
What Is And What Needs!
The idea of the best fit works only in a perfect universe. In reality, what talent specialists and hiring managers should focus on is getting the close fitment. They should work with an approach that bridges the gap between what is (available) and what needs to be (done).
A Matter Of Strategic Timing!
The term 'work-life balance' has become a popular chant for all working professionals today. A world of different opinions continue to pervade our lives, with one actually affirming that there truly is no direct relationship between the parallel worlds we live in.
Picture Out Of The Frame
A few months ago, Moon Jae-in, the President of South Korea, made an unusual announcement.
Analysis
It is paramount for a pharmaceutical company to meet the business requirement of regulatory compliance.
How Can They Fire Her?
It is a common phenomenon in the corporate landscape to misinterpret the inability to respond to a query by a Manager as a serious lapse which at times leads to termination of his/her services. As a fallout, not only do they risk losing out a person with superior managerial skills, they also dampen the spirit of the juniors in her department, leading to sinking morale and reduced engagement.
