In an organisation when there is a skill gap identified, inducting fresh talent to fill that gap is the normal course of action for HR. In the article the author argues that instead of opting for fresh talent, organisations should explore the possibility of reskilling and upgrading the skills of the present employees to fill the gap which is comparatively less expensive. It will also help in retention.​​​​
In a world of digitization where we continuously discuss about automation, Artificial Intelligence and Machine Learning, we often forget and sideline the key resource of any business which is human capital. Organizations focus on building new tools and analyzing data to increase productivity and maximize their revenues to earn maximum profit. While these should be the focus areas of every business, as an HR Solutions company, we strongly recommend on investing in the talent too.
There is no purpose served in conducting a recruitment drive if there are inefficient employees and low productivity. Recruitment is an expensive factor because you need to invest in the search for the right candidates from a large pool of existing talent available in the market. Moreover, investing time in the training and development of new candidates reduces your productivity, since, they take time to adapt to the new work culture and understand the functioning of your business.
Plan Ahead
This story is from the September 2017 edition of Business Manager.
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This story is from the September 2017 edition of Business Manager.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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Interview On 01.02.2017 With Richard Rekhy
The Business Beyond Business : Towards A Purpose Driven Organisation.
Making Competing Employees Collaborate
Implementation of these 5 cardinal rules requires all of your 5-senses working in tandem. In order to implement 1st rule, you need to smell-in only the right people. Subsequently, while deploying HR policies, touch the right chords with people. Creating much great sub-culture would require a lot of listening first. Recognize your people so that they taste their success and learn to collaborate. And finally, work towards creating a bond which can't be seen - a psychological bond.
Startup Bubble: Rise Or Fall?
The Startup story : what works, what doesn’t?
How I Started And Nurtured My Startup..!
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Should Startup Go For Hr Advisory?
This certainly is an era of Startups and each entrepreneur envisions of creating a large organization in the due course of time.
Help Line
Solutions provided here are in context to narrated facts & not in general.
6 Cases That Underline The Spirit Of Posh Law
Section 451 relates to house-trespass in order to commit any offence punishable with imprisonment and Section 354 deals with assault or criminal force to woman with intent to outrage her modesty.
Why PESB Failed To Recommend?
The public sectors have to be placed in hands of competent professional managers and high calibre professionals have to be attracted to the public sector. Government must think of radical reforms in Public Sectors for talent management process like demonetisation, revamping a planning commission etc.
Role Of Local Influence In Better IR
A XYZ Cement factory having state of the art technology and world class facilities in terms of welfare is located in the highly sensitive political zone, where all contractors and workforce is well versed with labour rules & regulations.
HR Should Work On Employee Branding To Develop Emotional Connect
HR Should Work On Employee Branding To Develop Emotional Connect