Todays, rapidly changing business environment needs a strategic HR planning within the context of the organization’s overall business plan. To cope up with the emerging requirements, maintain positive work environment and retaining the talent are few of the major challenges which every HR professionals has to face to make a successful employee friendly company.
With new challenges beyond operational HR issues, the roles and responsibilities of human resource professionals are constantly evolving and expanding. Success of HR decisions depends on company’s business strategies and objectives, which in turn helps HR professionals to develop programs related to employee retention, their training and development and performance oriented rewards.
In past, issues related to wages and job security were foremost issues for employees and employers but now the issues like motivation, retention of workforce, mentoring, training, late night works, lesser wages, no job security, ego hassles between teams, rumours from management, dissatisfaction due to unnecessary policies etc. are getting more common in both small and midsize companies.
Proactive HR professionals always make efforts in understanding staffing challenges, maintain a positive environment to ensure that team stay focused on their core jobs, and stay aligned with company growth objectives. HR professionals need to work independently without any interference from management so that they can make better recommendations and decisions. Few of the important challenges are:
1) Global Perspective – Technological change
Current Globality era requires HR professionals of all industries to have a global perspective to cater the needs of managing resources in optimal way. Due to global talent crunch, they are bound to look beyond traditional ways of hiring and retaining resources. This necessitates knowing what companies need, what kind of skill set required and their experience level to justify the requirement.
2) Culture of Sharing and Learning as a Team
Business can only be successful if leaders and their teams are collaborating between themselves. They are learning and sharing the knowledge to grow as a single team instead of different business units. HR professionals play a key role here, during short listing candidates they look for mind-set who can adjust within company environment, bring positive attitude, and potentially become a leader.
3) Employee and Knowledge Retention
Maintaining low attrition rate is one of the major challenges, which every HR professional faces in IT industry. This industry is growing rapidly and lot of successful ventures are launching to grab the share of this blooming industry. In this, cutthroat competition HR professionals are required to develop a strategy that can retain the talent. Training new talent, knowledge sharing a costly affair and good companies are willing to go extra miles to save talent and maintain a growing and positive work environment.
4) Cross-Functional Resource Balance
It is necessary for HR professionals of those businesses that are operating across the globe to maintain a balance between the benefits given to workforces deployed at different client locations and those placed at main development centre of the company. In addition to this, balance is required between those who have been working from years and those who have joined recently. Balance at hierarchy level (top heavy or flat) is also must and must be coordinated with business goal.
5) Protect Resources from Exploitation
In this competitive market, searching for a talent within limited budgets is a challenging and time consuming task. HR professionals expected to utilize one resource on multiple projects. While focusing on ROI, HR professionals ensure that resources are cross-trained on different skill sets and can do multitasking without being exhausted. They also define the process and matrix to track the training results for improvement in training materials.
The success of above multitasking strategy depends on how better HR professionals analyse the resource pool, requirement and perception of management related to employee benefits. In India, many small and midsize companies take undue advantage of this strategy. Companies take employees for granted and make them work for extra hours with no basic benefits such as cabs, over times, bonuses etc. and when questioned they give lame reasons about monetary loss, performance issue.
Main challenge for HR professionals is to make a policy, which justifies profits for company and make employees feel enriched. Lot of efforts goes in from HR professionals to make employees satisfied, maintain a positive and learning work environment and have stringent HR processes that help company and employees to grow together rather than just having policies which no one follows.
In outsourcing business, an HR strategy plays a very crucial role since they control the quality and productivity of the main assets. It is imperative for companies to have best HR policies so that their clients get best results and value for the money they pay.
Sales consultants at Globality consulting help business owners and organisations who are searching for software developing companies in India for their IT requirements to connect with those service providers who believe in strong HR processes and treat their employees as an asset to their growth. Get in touch with one of your consultant at firstname.lastname@example.org for more details.