To understand the potential of employees to contribute to the future success of the business, employers focus predominately on reviewing and rating their past performance, according to Brandon Hall Group research. But even the current best performer may not be the best employee for the future.
Employers say their biggest human capital management challenges over the next six months will be retaining talent, employee engagement and acquiring new talent, though 15 distinct challenges are rated at least 3 on a 5-point scale. Organizations are pulled in many directions and most management functions present at least a moderate challenge, creating stress across organizations.
Organizations that fail to develop more senior women and other diverse leaders lack progress in ensuring leadership that reflects its employee and customer base, which will become increasingly diverse in the years ahead.
No organization, regardless of size, industry or nonprofit/private/publicly traded status, seeks to avoid innovation. What innovation means to each company might differ but being able to grow and adapt to a changing world or merely staying a few steps ahead of those changes is desirable for any organization. However, not every organization approaches innovation the same way, so the question remains: what can organizations do to improve their innovation efforts and what role does HR play?
Many studies indicate that COVID-19 dealt a major setback to women in the workplace. Even before COVID, Brandon Hall Group research showed that women were not making substantial progress toward gaining a proportional representation in management. Only 51% of organizations believe they effectively develop women in the workplace, according to What’s Changing for Women in the Workplace? Most organizations said that more support from top management and having specific owners of development initiatives for women would help, the research showed.
Regardless of the type of HCM discipline you work in, there’s a good chance your organization is making some effort toward improving its DE&I pipeline and talent pool. Brandon Hall Group research across all of our practice areas has shown a consistent commitment to improving DE&I regardless of organization size or industry type.
There is no discipline in HR under the microscope more than Talent Acquisition right now. With the
COVID-19 pandemic, the “great resignation,” an uncertain return-to-work and other factors to contend
with, having a team of great TA professionals can be a competitive advantage for any organization.
However, as it stands, many struggle to address their current hiring needs and the needs of a talent
market that is changing more quickly than their TA team can keep up with. It is because of these many
conflicts that a growing number of organizations are seeking ways to improve the quality of their TA
process, starting with the people involved.
Having an effective talent acquisition strategy is required for long-term success. However, what defines “effective” can change from industry to industry, company to company. So, too, do the ways that organizations define success, with a variety of ways to assess where your organization stands in terms of TA strategy and how to tell if it is improving with any changes.
Less than one-third of organizations believe there is a high correlation between the highest-performance evaluation scores and the highest-performing individuals in the organization. There are many reasons for this. The traditional process was designed in a different era when business did not move as fast. Now, an employee’s potential is more important than their past performance. It is up to organizations to change their performance evaluation process. Performance evaluation can be improved in many ways, according to our research.
Any leader moving into a new role — whether a rookie or a veteran — has a tremendous responsibility and often a steep learning curve. Even if onboarding extends for a few weeks, the learning will need to be reinforced. Onboarding — whether you call it that or label it as continuous learning — should continue as long as necessary for leaders to get the support they need.