Technology has transformed many industries and HR is no exception. However, human resource leaders can take certain steps that can prepare an evolving workforce.
Fremont, CA: With changing times, the workforce is evolving. Along with the roles and responsibilities of the workforce, the technologies they use are growing as well. HR leaders must recognize the changing times and switch their employee performance management system. Further, HR leaders must transform the organizational culture that is different from previous generations.
In the modern workforce, the demographics are changing as more women are taking on new roles. Moreover, the aging workforce is moving toward mass retirement, and the younger workers are not skilled enough to take their place. Lastly, with the increasing current and future global labor pool, HR leaders find rewarding and retaining good employees as one of the biggest challenges. Human resource leaders must apply a multi-dimensional approach to manage a dynamic workforce. Organizations need to incentivize experienced employees to keep them working past the retirement age. Furthermore, they will also need to develop knowledge transfer programs to train younger employees. Organizations must create programs to maximize the potential of female employees.
With technological advancements, the nature of work and the skills required by modern workers are changing quickly. Human resource managers recognize the gap between the skills current workers have and the skills required. As per a study by Millennial Branding, 73 percent of hiring managers admit that a university education is not adequate for students to enter the workforce. The government, businesses, and educational institutions must work together to address this concern. The business community must develop a relationship with educational institutions to create courses to provide relevant skills to the students. Along with new employees, organizations must partner with educational institutes to provide training to existing employees to keep them updated.
Modern communication technologies have changed the way organizations interact with their employees. Employees working in remote locations can communicate with their employers better, benefitting both the management and employees. However, it has its challenges. A workforce spread all over the geography makes it challenging for the organization to introduce new technologies. Additionally, it hinders the organization in creating the same team atmosphere that would exist in a traditional workplace. One of the challenges in managing a remote team is the misunderstandings that result from differences in culture, language, or the inability to read expressions. The challenges include effective communication, managing differences in culture and language, and different methods for employee evaluations.
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