Update 1/18/2017: This post has been updated with additional top HR challenges in 2017 Based on user reviews.
As the new financial year approaches, it’s now time for HR managers to start thinking of the issues and challenges the year will bring in. With the increasing importance of human resource management, it is definite that work pressure will increase and HR managers will have to choose wisely on allocating time in solving these issues.
Here are the top challenges HR professionals are is likely to see in the year ahead.
It is anticipated that 2017 will bring in many useful changes in labor laws, rules, and regulation. We hope these changes simplify the management of payroll and statuary compliance; however, keeping updated with such changes will be a challenge. As HR managers are generally busy in recruitment and training, they might not have enough time to check & understand legislative changes and implement them accordingly. Keeping up with the changing legislation thus becomes cumbersome. Human resource management software like sumHR is a good method to increase productivity as all compliance changes will get reflected automatically with an update from the software vendor, and you will be ready for the new regulations as soon as they are published by the government. One also gets templates for various situations which can reduce the tiresome paper/ draft/typing work.
It has been found out in research of Spherion study that more than 35% employees leave because of lack of mentorship or training. The expense of training has been increasing year on year and here is the trend 10% in 2011, 12% in 2012 & 15% in 2014. With the growth of the company and the increasing number of employees, it becomes mandatory to make the process organized. With Human resource information system one can ensure that training is conducted in a timely, effective & efficient manner. HR software can help you schedule, deliver, track and evaluate an employee’s progress.
Talent Acquisition, Engagement & Retention
According to a recent survey by SHRM, “Majority of HR managers had said that the talent management and improving leadership will be the most critical HR challenges for the future”. With the improving economy of India, retention issues are only going to increase. As employment opportunities increase, employees will become more confident in exploring new jobs. This will increase employee turnover and the work for the recruitment department. We had tremendous feedback on this article: quick tips before you buy Human resource management software.
With the emphasis being placed on a work-life balance and increasing use of mobile devices or computers, the need for flexible work arrangements is likely to increase in 2017. More and more employees would prefer to work from home. Such arrangements can help reduce employee turnover and also increase productivity. However, management of work allocated and timings is a challenge with flexi-time arrangements. HRIS such as sumHR can solve this problem easily with time, attendance and leaves management module on a runtime basis. You can get an accurate picture of how employees spend their time; you can spot inefficiencies and set goals to get better productivity.
Health & Safety
Health & safety regulations imposed by the government have been increasing. It has become mandatory that manufacturing unit in certain industries maintain health & safety information for every worker. Here, in this case, Human resource information system can help easily manage the data of each & every employee & present it whenever required.
The article has been created from the inputs of our Human Resource Software analyst. These are only a few challenges we could list down. The article will become comprehensive if you comment with the HR challenges you think companies will be facing.