Past two years have been challenging for all businesses. The prime focus then was to adapt to changes brought by the COVID-19 crisis. However, this year is all about building the organization of the future.
In today’s competitive work environment, Human Resource professionals have added responsibilities such as more efforts in talent acquisition and retention, prioritizing diversity and inclusion, flexible working arrangements, ensuring the well-being of employees, helping employees to learn and grow, and focusing on strategies and technologies.
There is a major shift in power from organisations to people. Now, people have more control over their careers than ever before. With rapid increase in employees switching jobs, organizations are focusing more on retention.
It has been noted that companies with high employee engagement and strong company culture tend to perform better than their competitors across all business metrics such as profitability, customer satisfaction, and more. The objective for most companies is to prioritize strong employee engagement and company culture. At the same time, HR professionals are required to drive innovation, execute business transformation, support hybrid work model for flexible experiences, and foster workforce resilience. From building a supportive workplace to delivering inclusive and purpose-driven organizations, this year HR will be part of the solution and will help lead all-important business challenges.