Companies need
to prepare themselves to attract and retain the workers they will need for the
growth of their organization. However, they also need to navigate the choppy
waters of growing globalization and the emergence of social media to attract
the right talent pool through best practices.
Firms are facing several challenges due to the
ever-changing nature of the workforce as well work itself. Therefore, Human Resource managers need to
stay on top things to ensure that they are able to retain as well as hire the
right candidates.
Human Resource outsourcing firms need to keep a check on the
changing nature of candidates along with their skill set, because of lack of
standardization of education and globalization. Human Resource outsourcing
firms also need to understand major future demographic, technological and
societal shifts. For example, online job boards provide companies with a varied
candidate pool, however it proves quite a task for the HR staff, as they have
to sift through a large number resumes for limited positions.
Here are a few
challenges that HR companies face.
Retaining Talented Candidates
Retaining and
rewarding critical talent is one of the biggest challenges faced by Human
resource firms. In this age of globalization, it is very difficult to retain
and engage strong performers, as they are not afraid to jump companies for
better opportunities. It is important for companies to devise innovative
practices, which would reward their star performers according to their
achievements and in turn retain them. In
this globalized economy, the human capital creates the base of the future of an
organization.
Social Media
Websites like LinkedIn, Facebook and other social websites are easy
avenues for job seekers to go job hunting and post their resumes. However, easy
access to these websites makes it a difficult task for recruitment process
outsourcing firms to sift through the candidate pool. HR mangers need to understand the importance
of such websites and gain knowledge about them to make the most of the talent
pool. Having in depth knowledge of
social media tools can help mangers grab the candidate before the competitor does,
because candidates usually have privacy settings of their social media sites
and knowledge is needed to navigate them.
Technical Talent
Lack of technical talent has made it
increasing difficult for companies to hire candidates for specialised
positions. Even during periods of high
employment, technical knowledge based companies find it difficult to find
people with the right education background and experience to fill the positions
in niche jobs. Companies are laying
emphasis on a stronger education background and specialized training in niche
sectors.
Globalization
Adhering to policies of inclusion is very important for organisations. Due
to, globalisation candidates from different demographics, race, ethnicity,
gender and religion all work under one roof.
It is also important to create a conducive work environment, which will
improve employee morale and improve productivity. It is essential for the HR
staff to create an environment of inclusion and keep up with the changing needs
of the employees.
The business world is moving at lightning speed but the recruitment
processes are lagging behind. In future,
candidates will have multiple offers from different avenues and won’t wait
around for hiring managers to make their decision. Therefore, recruitment
processes need to change and adapt to the new ways to have access to the best
talent pool.