KPMG's rethinking human-resources in a changing world
by Fred Zimny, Senior service professional at Serve4impact on Oct 21, 2012
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A new study from KPMG International shows that the “war for talent” is crucial to almost every business in today’s competitive global markets. However, the Human Resources function is often ...
A new study from KPMG International shows that the “war for talent” is crucial to almost every business in today’s competitive global markets. However, the Human Resources function is often viewed as being non-essential or ineffective.
In the last several years, there has been a preoccupation with cost optimization, cost reduction, sustainable cost management - all things ‘cost’. This has required HR to play its part, largely through making the HR function more efficient, but not necessarily more effective.
With this relentless focus on costs, the problem has been that many HR functions have lost sight of how they can generate value in the wider business. This is a significant issue given that the people agenda in most organizations contains some truly business-critical issues and challenges, such as:
the war for recruitment and retention of “top talent”
the engagement of a global workforce operating within a much more fluid environment
ensuring the people profile matches the value drivers of the business
the smart use of technology to support both the business and its employees
drawing predictive insights from complex sources of data to ensure the agility of the organization
To probe more deeply into these challenges, as well as the opportunities for the HR function to change the dynamics of its relationship with the business, KPMG International commissioned the Economist Intelligence Unit to conduct a study of executives across the globe.
Rethinking Human Resources in a Changing World has provided us with a fresh view of the path forward for leaders of the HR function. We believe there are some things on the horizon that will really shake up HR and make the people agenda as important to the CEO as the balance sheet and P&L statement.
To explore Rethinking Human Resources in a Changing World, read the key findings from the research and hear the perspectives of KPMG Advisory professionals.
Summary of key research findings on the value of HR.
Key insights from the research
HR faces many challenges in demonstrating value.
KPMG research study into the perceived value of HR in different regions of the world.
Three urgent challenges
KPMG research highlights of the biggest challenges for HR in the future.
KPMG research study on how technology is transforming HR.
Next step: data-driven HR
KPMG research study on increasing importance of HR data analytics.
The future of HR: eradicating the stigma
KPMG research study on the value ofr conclusion: Three simultaneous changes in HR
KPMG research study outlines the challenges for HR in demonstrating and delivering value to the business.
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