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2014 and the Growing Trends of HR
As the world steps forth to another New Year, business personnel and organisations should take steps to step a few notches forward and keep up with the current trends and competition. One of the most key aspects for any organisation, big or small the role of the HR manager also takes a pivotal role in ensuring that the right people are recruited who possess the required talent, but what trends are driving HR professionals as they recruit, retain, and develop the talent the drives their organisations forward? Over the past year, we can see some key trends which have grown across industries in managing a proper human resource flow to enrich the organisation as follows:
- The talent search for new employees expands to a global scale as the expansion of the global economy and technology’s ability to erase borders. The policy of locating work where a business can best find talent and building talent networks which attract people around the world has driven many businesses to getting the right people from the right places.
- Redesigning the performance management methods, as stale performance review systems don’t work. A company cannot always expect their teams to keep pace with the rate of change with a yearly performance review. The trend is to move away from evaluation-based systems and embrace on-going coaching, development, goal alignment and recognition.
- The evolving role of the chief HR officer plays a much more strategic role in modern organisations. As well as they manage the HR functions, they also are responsible for talent management, culture, transformation and planning for the future.
- The rise of talent mobility and career development gives the ability to move an organisation’s top talent to fast-growing markets within the company.
- Reinvent and expand focus on talent acquisition. A great organisation needs great people, and the bid to hire great people is more competitive than ever. An explosion of social networking, assessment, and big data tools has transformed the recruiting marketplace as the way recruitment today is radically different than what organisations did a few years ago.
We can thus see that with the evolution of the current business market, organisations must dynamically change their functionalities and operations to make them more flexible to give space to improvement on a business scale or an individual perspective. These strategies once implemented can help organisations to stay well focused on achieving its objectives and staying in lead of competition.
