The rapidly transforming business landscape means that there are currently several human resource management challenges which will continue to evolve for years to come, regardless of the size of the business or the industry. Here are 10 of the most common challenges as well as how they can best be overcome:
Complying with employment legislation
As the workforce grows and develops so do the laws and regulations governing employment best practices. Organisations can keep up with these changes -and avoid lawsuits- by studying the national employment law guide and regularly visiting the website of the Ministry of Labour.
Changing Management Practices
Business growth entails ongoing change. Sometimes, employee productivity drops during times of management changes. To remedy that, HR should ensure that the workforce is privy to the reasons for and the advantages of the changes that take place. Constant communication and regular meetings are key.
Fostering Leadership Development
Reports have revealed that at least 30% of organizations do not implement adequate leadership development programs. The importance of fostering great leaders should not be overlooked however. Thus, HR should focus on developing new leaders by incorporating it into the corporate culture and creating daily opportunities for employees to hone their leadership skills.
Training and Developing Employees
Workforce training and development is at the core of the HR function. Nevertheless, entry and lower-level employees scarcely enjoy this right either because of lack of time or funds. HR should remedy that by either finding suitable online training courses or asking higher-ranking employees to provide mentoring.
A new technological advancement is out as you are reading this article and because of the rapid changes, organizations often struggle to adapt and encourage their people to follow suit. To stay ahead of the innovation game, businesses should again communicate with their people about the significance of adopting new technologies and provide them with all the training necessary to do so smoothly.
Designing payroll to get a competitive edge is another challenge as organizations need to take other benefits and expenses into consideration. To effectively tackle this issue, companies should always remember that creating a system of rewards or offering other types of incentives such as profit sharing and bonuses are equally important forms of compensation.
Offering Benefits Packages
Healthcare coverage is only one form of benefits most organizations are required to offer employees. Choosing the best and most affordable plan however can be a problem; thus, businesses need to study and understand the provisions and costs of each available plan to make a judicious choice. Other benefits to offer are well-being programs, free food and commuter allowances.
Perhaps the most important task of the HR function, attracting the best and most culturally-fit talent depends on a combination of factors. It can be quite time-consuming however and businesses still need to run. Thus, HR can turn to staffing companies who can provide temp-to-hire employees to allow organizations to find the best fit with minimum waste of resources.
There are no guarantees that star talent will stay with a company once hired. Retaining them is incrementally more challenging for smaller business who lack inflated budgets. This is precisely where effective onboarding comes into play. Studies revealed that devising a well-thought onboarding process and implementing the right onboarding technology have significantly increased retention rates.
The modern workforce is increasingly more heterogeneous. This creates the need to safeguard employees from any form of discrimination and create a healthy and cooperative workplace. Therefore, diversity training programs are an absolute necessity, as are clear rules on acceptable behaviour and accountability.