SOME INNOVATIVE WAYS TO MOVE TOWARDS MODERN HR
As the number of businesses increase, the result is tighter competition to provide the winning products and serv ices and HR leaders need to ask themselves whether they are paying enough attention to prepare for the modern era.HERE ARE WAYS IN WHICH HR LEADERS CAN LAY THE FOUNDATION FOR MODERN HR:
1 WRITE A PLAYBOOK FOR MANAGING TALENT
It is never too early to begin planning and thinking about the workforce you have today and envi sioning the workforce of the future. A sure way to address this challenge is to create a sales-like playbook that not only elevates the talent question within the company, but also documents critical aspects of the company HR’s strategy.
2 KNOW YOUR EMPLOYEES AS WELL AS YOUR CUSTOMERS
Today, it’s not enough to only know employee turnover rate and compensation from the reporting.There are far more interesting questions to ask your employees including sources of human generated data, such as location data, activity data, sensor data, finan cial data, and unstructured senti ment analysis.
3 HIRE “SCARY“ PEOPLE IN HR
HR, today, needs a new breed of analytics professionals called data scientists who apply curiosity and business knowledge to plot new strategies for HR.They don’t speak the language of HR, they ask how and why. Where can you find this person? You can find such a person in their business departments like finance, product development, or even the marketing department. With the right analytics guru and a database populated with HR and human-generated information, HR leaders will be prepared to turn HR into a strategic business function that drives growth instead of hindering it.
4 DIFFERENTIATE THROUGH A PERSONALISED EMPLOYEE EXPERIENCE
You will have to fight to keep and get the best people working for you.There are a number of resources available to help companies improve the employees’ experience. Social listening, using communities to on-board new hires, better tools for collaboration and mobile work, customised compensationbenefit packages, and flexible work styles are just a few examples.
5 BRING A COLLABORATIVE CULTURE
Social apps and collaboration technology have forever changed the way we live and work. When applied to the workplace, these same social technologies can improve communication and increase productivity.
6 RECRUIT FOR CONTINUOUS INNOVATION
Today’s job seekers have a variety of social channels to help them find a match. HR departments can take advantage of this trend by participating in channels that reach their target candidates. Predictive ranking tools help HR automate job board processes, while databases of suit able candidates allow companies to manage their own relationship with candidates.
-The author is applications ASEAN VP, Oracle
Source: Economic Times
Date : 03-11-2015