In an organisation when there is a skill gap identified, inducting fresh talent to fill that gap is the normal course of action for HR. In the article the author argues that instead of opting for fresh talent, organisations should explore the possibility of reskilling and upgrading the skills of the present employees to fill the gap which is comparatively less expensive. It will also help in retention.​​​​
In a world of digitization where we continuously discuss about automation, Artificial Intelligence and Machine Learning, we often forget and sideline the key resource of any business which is human capital. Organizations focus on building new tools and analyzing data to increase productivity and maximize their revenues to earn maximum profit. While these should be the focus areas of every business, as an HR Solutions company, we strongly recommend on investing in the talent too.
There is no purpose served in conducting a recruitment drive if there are inefficient employees and low productivity. Recruitment is an expensive factor because you need to invest in the search for the right candidates from a large pool of existing talent available in the market. Moreover, investing time in the training and development of new candidates reduces your productivity, since, they take time to adapt to the new work culture and understand the functioning of your business.
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Denne historien er fra September 2017-utgaven av Business Manager.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Why PESB Failed To Recommend?
The public sectors have to be placed in hands of competent professional managers and high calibre professionals have to be attracted to the public sector. Government must think of radical reforms in Public Sectors for talent management process like demonetisation, revamping a planning commission etc.
Role Of Local Influence In Better IR
A XYZ Cement factory having state of the art technology and world class facilities in terms of welfare is located in the highly sensitive political zone, where all contractors and workforce is well versed with labour rules & regulations.
HR Should Work On Employee Branding To Develop Emotional Connect
HR Should Work On Employee Branding To Develop Emotional Connect
Maintain Neutrality Based On Competency & Capability
The most effective rule in managing up and down however, is being authentic. Authenticity in intent, that builds trust - because once this core factor is there, there is nothing that is required to be 'managed' in the natural order of things.
Help Line
Payment of any customary bonus such as attendance bonus, festival bonus or the like does not absolve the management from their liability to pay statutory bonus.
Why Organisations Should Invest In Development Programs!
Why don't organizations invest in learning processes and development programs that enable their leaders to keep their talent? Doesn't it make sense that better managers will yield better employee retention?
Future Of Performance Management
Is it about managing performance, or managing the behavior that will produce the performance? And if it is indeed about influencing the person so that he has clarity of agreed outcomes and the support available to him to achieve these, are organizations doing lip service to it or are they serious about the process?
Startup Bubble: Rise Or Fall?
The Startup story : what works, what doesn’t?
How I Started And Nurtured My Startup..!
Coming from a service class family, I had no idea of business. I had no one to turn to for the basics. I got in touch with some consultants; none of them knew the entire process of getting all the approvals. We were very clear, we did not want to start on the wrong foot, and we wanted to be 100% compliant. I did face many challenges at various stages e.g. in just few months of launch, the competition tried to pull us down, however the issue was resolved soon. Teacupsfull now is a fully registered brand. Challenges do prop up many times, however the key is to stay positive and never give up. There is always a solution to every problem.
Should Startup Go For Hr Advisory?
This certainly is an era of Startups and each entrepreneur envisions of creating a large organization in the due course of time.
