Building a talent strategy, acting as an action plan for managing your talent efficiently and creating a future-ready workforce, is one of the ways through which HR professionals can enhance their organization’s business growth and performance. Research shows that if your organization has an effective talent strategy, it can help them increase their earnings by 15% compared to their competitors.
Currently, most of us are observing AI and its related developments with curious eyes, especially with the recent launch of ChatGPT. But in reality, AI-related activities have been happening since the early 1950s. With the pandemic and digital transformations, AI has become a household term, and it continues to revolutionize every industry, and HR is no exception in that case.
Making data-driven talent decisions by relying on skills can benefit your organization because skills are becoming a new currency. Today, one of the best ways to do so is with a skills intelligence platform.
Being an L&D professional comes with its challenges. As a core foundation of your organization’s growth, an effective L&D strategy can improve employee retention, engagement, performance, skills proficiencies, etc. But, sometimes, mistakes can happen, hampering the L&D processes. However, if you have clarity on these mistakes beforehand, you can review and resolve them quickly.
Organizations worldwide continue to perform benchmarking as a way of attaining business growth. Regardless of the industry, investing in benchmarking initiatives helps companies enhance their products, performance, and processes while assisting them to stay ahead of their competition.
Imagine that one fine day, your company’s CTO decides to resign.
From continuous labor market shifts to inflation and an impending pasta bowl recession, many drastic changes and disruptions are occurring around us. Most organizations face the worse of these situations as they haven’t brought any development in their organizational structure since their inception.
According to the 2022 Global Benefits Attitudes Survey by WTWCO, 53% of the employees are searching for new opportunities, and there are different factors resulting in this, including pay and bonus, job security, health benefits, and flexible work. However, these components aren’t merely the top reasons employees move away from a company. They can be the top reasons for improving employee retention when offered correctly.
We are already in 2023 and almost halfway through January. It is indeed the right time to analyze HR technology trends. Therefore, this article will examine the top five HR technology-based trends that will take a step up in 2023 and the future. There are several HR tech trends to consider, from increased use of cloud-based HR systems to upscaling remote/hybrid work model solutions. (Before moving forward with the technology trends, if you would like to learn more about hiring trends in 2022, you can read from here!)
Skills intelligence is an HR-tech architecture that makes the best out of an organization’s skills inventory, skills taxonomies, and market skills intelligence. Leveraging a skills intelligence platform can be a pathway for your organization to attain talent transformation.
The clock is ticking as the time-to-hire the perfect candidate continues to increase in every industry.