Transformations in HR
Is HR delivering on the promise of transformation?
A great majority of the multinational companies globally have completed or are in the process of HR transformation. However many HR departments have yet to deliver on the transformation promise. There remains a significant gap between what is expected of HR leaders and what HR leaders deliver.
Many research studies have reported that companies are being driven by the need to align the HR function more closely with business objectives and by the desire to offer more strategic support to the organisation. yet, the HR functions of very few companies are driving business outcomes.
Many professionals from the financial profession view HR as a cost centre and one that is only essential for compliance. HR is not being seen as a strategic partner. Nevertheless HR executives perceive that they are spending more time on strategic activities.
The two decades of work still does not show the impact of HR on business performance A small percentage of time is spent on strategic, value-based interventions.
Studies indicate that although the HR function has strong competence in professional knowledge, team, interpersonal and leadership skills, it lacks competence in several key areas. It can be summarised that HR lacks the skills that are required to deliver the business credibility that HR transformation is seeking to address.
Next week we will look at what is required for business transformation.
A great majority of the multinational companies globally have completed or are in the process of HR transformation. However many HR departments have yet to deliver on the transformation promise. There remains a significant gap between what is expected of HR leaders and what HR leaders deliver.
Many research studies have reported that companies are being driven by the need to align the HR function more closely with business objectives and by the desire to offer more strategic support to the organisation. yet, the HR functions of very few companies are driving business outcomes.
Many professionals from the financial profession view HR as a cost centre and one that is only essential for compliance. HR is not being seen as a strategic partner. Nevertheless HR executives perceive that they are spending more time on strategic activities.
The two decades of work still does not show the impact of HR on business performance A small percentage of time is spent on strategic, value-based interventions.
Studies indicate that although the HR function has strong competence in professional knowledge, team, interpersonal and leadership skills, it lacks competence in several key areas. It can be summarised that HR lacks the skills that are required to deliver the business credibility that HR transformation is seeking to address.
Next week we will look at what is required for business transformation.
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