World_Report_on_HR_Challenges_2010

That managers should rekindle the survey also asked

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Unformatted text preview: urrent HR capabilities by HR and non-HR executives Current capabilities Transforming HR into a strategic partner Mastering HR processes Delivering on recruiting Restructuring the organization Improving performance management and rewards Managing demographics Measuring workforce performance Low Current capability assessed by respondents outside of HR Current capability High Current capability assessed by HR respondents Sources: Proprietary Web survey with 5,561 responses; BCG/WFPMA analysis. Note: This exhibit shows the top 7 of 21 HR topics according to the greatest difference between the two groups. Exhibit 5. Employee Engagement and Performance Management and Rewards Have Jumped in Current Importance Ranking Current importance 2008 ranking Managing talent 1 Improving leadership development 2 Delivering on recruiting 3 Managing work-life balance 4 Managing change and cultural transformation 5 Transforming HR into a strategic partner 6 Enhancing employee engagement 7 Improving performance management and rewards 8 Measuring workforce performance 9 Restructuring the organization 10 Becoming a learning organization 11 Managing demographics 12 Mastering HR processes 13 Managing diversity and inclusion 14 Managing corporate social responsibility 15 Managing globalization 16 Providing shared services and outsourcing HR 17 2010 ranking 1 Improving leadership development 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 Managing talent Enhancing employee engagement Measuring workforce performance Improving performance management and rewards Managing labor costs Delivering on recruiting Transforming HR into a strategic partner Strategic workforce planning Mastering HR processes Becoming a learning organization Managing change and cultural transformation Managing flexibility Improving employer branding Restructuring the organization Managing work-life balance Managing corporate social responsibility Managing diversity and inclusion Managing demographics Managing globalization Providing shared services and outsourcing HR Sources: Proprietary Web survey with 5,561 responses; BCG/WFPMA analysis. C P A is now number one. The next three topics in perceived importance are all newcomers to the top five: enhancing employee engagement, measuring workforce performance, and improving performance management and rewards. Topics that have declined in current importance, meanwhile, include managing work-life balance, managing change and cultural transformation, and managing demographics— possibly because they were overshadowed by the cost and productivity imperatives of the economic crisis. As for future importance, companies are starting to turn their attention to workforce-building topics such as planning the size and composition of the workforce, attracting talent through improved employer branding, and retaining top employees by managing them well. Practices of High-Performing Companies The companies participating in our survey provided information on their revenue and...
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This document was uploaded on 09/30/2013.

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