With competition for talent intensifying, organisations must implement innovative retention strategies, such as career development opportunities, competitive compensation packages, and recognition programs, to keep employees engaged and motivated.
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By integrating the capabilities of AI, if we add the creative ingenuity of the human mind, we create a powerful synergy. It will effectively enable the organisations to stay ahead in the competitive talent landscape.
To prepare, a strategy is non-negotiable. Developing a holistic plan that embraces digital transformation, social needs and inclusion as part of the talent management workflow is important to overcoming future obstacles.
To be effective, the talent strategy has to be in sync with the organisational strategy and the culture of the organisation.
HR needs to understand and respond to the sub-process within the larger talent acquisition that is best managed through technology and those that need in-person connections.
It requires strong linkages with business requirements and a supporting culture. Talent strategy starts becoming powerful and impactful when the linkage with business numbers is established clearly and measured consistently.
HR should be a fine balance between head and heart. The people's agenda of an enterprise should be in line with business priorities and HR should challenge businesses, show them opportunities.
The role of HR has transcended beyond mere productivity and employee experience. HR analytics have also evolved beyond scorecards. It now encompasses a holistic approach about more than just assigning roles and responsibilities; it's about building relationships, fostering empathy, learning, and...
There are some broad trends and some key issues that are emerging around levels of productivity and the nature of motivation for employees. These trends are currently being looked at the level of human behaviour and not from an organisational perspective.
The common competencies approach has many strengths. The competencies and HR systems based on them apply to a large no. of employees. There should be one consistent framework of concepts describing effective behaviours.
December 2024
