Nothing could have been worse than your CEO asking you to cut the flab !!!
These are tough times indeed and HR / Talent / People are the first to bear the brunt.
Isn't it ironical that the function that has been trying to prove that people investment is like investment in capital is asked to cut down headcounts in tough times.
This holds true more because organizations have little to do with the cost of human capital, and returns also include intangible. How does HR ensure in such times that it does not loose critical talent ?.
To ensure this, its imperative for HR to have a clear visibility on its talent. However this is easier said than done.
Organizations continue to function in Silos and live on island of systems making it near impossible to have a single view.
Thats the reason organizations should strive to have an integrated talent management system,to ensure they have one single view to the data, are able to combine various factors while taking decisions.
Organizations need to move up the value chain in terms of their system maturity and after achieving administrative excellence, they should look at acquiring Strategic HCM capabilities, which is where a talent management foundation supported by analytics can really help organizations identify the " RIGHT talent" to retain and develop in these times of crisis.
Subscribe to my Blog Feed
- ► 2009 (15)