NEWS & EVENTS

Many changes have occurred on the global, competitive market environment lately. There are many more changes that we can foresee already. We are living in a turbulent world, and turbulences have become the norm of the modern business world. To-day, business organizations have to be more adaptable, resilient, agile and customer-focused.

This new environment has had a major impact on the H.R.M function. Human Resource Professionals having to evolve and become strategic partners in their business organizations. They are being expected to play a more strategic role. The function is becoming more business-driven; with a strategic people management approach to ensure that the workforce is focused on achieving the strategic objectives of the business.

An effective people strategy integrated with the overall corporate strategic plan will definitely help businesses have the right people, in the right positions, with the right competencies, at the right time. The Human Resource professionals are expected to contribute to the development of and the accomplishment of the organization-wide business plan and objectives.

This strategic approach impacts H.R services, such as the design of work positions, hiring, reward management, performance development and appraisals, career and succession planning, and employee development. Behind the scene, lies the universal truth that the function has to show how it is helping the business realize its objectives. This means that as well as providing transactional, administrative and operational services, strategic H.R Managers also need to lead and facilitate transformational change.

With the management of people becoming a more strategic function, we will simply be seeing the affirmation of the importance of the effective management of people as a source of competitive advantage.