HRM is a strategic approach to managing people in an organization or company in a way that makes them contribute to the achievement of the company's objectives. An organization's strategic objectives are served while maximizing employee performance. People are the primary focus of human resource management; this includes policies and systems used to manage people and their interactions. The Human Resources department manages employee benefits, such as pay and employee benefits, as well as recruitment, training, and development. HR can also handle industrial relations and organizational change, such as balancing organizational practices with government regulations and collective bargaining requirements.
Human Resources Numbers Speak Volumes
Human
resource management trends and challenges are substantial when you look at the
numbers. With a diploma in human resource development, one can greatly increase
their chances of succeeding in overcoming challenges. Several factors influence
human resource management. Here are a few statistics that will give you an idea
of what's coming:
●
One in four high potentials plans on
leaving their organization in the next year.
●
Coaches can increase performance by
25 percent by effectively developing employees.
●
In the next six months, three out of
five organizations plan to restructure or have already restructured.
●
Decreases in engagement have further
reduced productivity by three to five percent.
●
People development skills are
associated with 50% higher revenue out performance for business leaders.
●
The performance of new hires is
increased by 11.3% when on boarding activities are executed efficiently.
●
Mid sized companies use wellness
programs to reduce costs (or plan to use them) 77%.
●
CFOs of mid sized companies anticipate
mergers or acquisitions within six months, 46% do.
We
believe the health of any organization depends on its employees' engagement.
That's why we believe it is crucial to our success at Better works Engage.
We're not alone in this sentiment, as a recent survey showed 78% of
organizations have some form of employee engagement strategy in place.
In
2019, talent acquisition will likely be a challenge for organizations due to a
tight labour market. In order to be successful, employers must focus their
efforts on building and managing a brand that aligns with their vision,
mission, and ethos, and utilize all existing tools for maximum impact.
A positive work environment characterized by effective communication and strong relationships between the workforce and management is crucial to employee satisfaction and productivity. An organization's success depends too much on crucial communication for an employer to assume what its employees value and expect based on his or her best guesses. Employers will continue to look at feedback as an essential component for developing a strong work environment and culture that aligns vision and values in 2019 that is beneficial to all. A course like a diploma in human resource development can make one successful in overcoming the challenges to a great extent.
Identifying
and allocating resources to training & development is one of the main
challenges for HR departments and employers in 2019. Training and development
have traditionally been seen as sunk costs rather than investments that
contribute to organizational security, innovation, and competitiveness.
In 2019, organizations will continue to face a hyper-competitive labour market. In addition to recruiting, this notion pertains to retaining current talent as well. Better works Engage has told readers in the past that compensation is not enough to keep talent satisfied in their positions and organizations, but it is just one part of a larger picture that revolves around culture and employee experience.
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