Mark your calendars as the crowd's favourite candidate and employee experience conference, Talent Experience Forum is back!
Happening only in KL, Malaysia on 5 November. Register your seat because you will be hearing top insights from C-suite and senior HR leaders from Dell, Digi, GoCar, IPG Mediabrands, Nestle, Tesco, Unilever and more.
A recent whitepaper of over 800 human resource professionals has revealed that the biggest challenge for HR professionals in the coming year is the search for high quality applicants (64%).
“Employers are having an increasing difficult time finding people with the right skills. With today’s low unemployment rate, workforce planning is, and will likely continue to be, a major concern for HR and one that requires creative and strategic planning and development,” Beth Zoller, legal editor at XpertHR, said.
The other workforce challenges include:
Ensuring employees and supervisors have the necessary skill sets now and for future responsibilities (52%)
Creating a succession plan (50%)
Increasing employee engagement, morale and satisfaction (49%)
Employee retention (40%)
Managing performance and providing professional development opportunities (47%)
Aligning the talent retention strategy with business objectives (43%)
Handling employee mergers and acquisitions (40%)
“Workforce planning is a key challenge for HR and requires an employer to review all phases of the employment relationship from start to end in order to make strategic business decisions that have a positive impact on the employer’s bottom line,” Zoller commented.
It is advised that key stakeholders and members of management should assess the company’s short- and long-term goals and the unique factors affecting the employer’s business and shaping its workforce. Data analytics may be a useful tool to evaluate progress and to understand where and how an employer should focus its efforts as well as to reduce costs.