Now, the digital age has added even more complexity and difficulty to human resource management. That is to say, human resources gradually becomes a difficult job that’s faced by many challenges. So what are the top human resources challenges in the workplace? Today, Faro will narrow down the list to the seven most common challenges faced by HR professionals and try to draw some solutions to them!
1. Compliance with law and regulations:
Law obligation can range from notices that company need to provide for employees at the time of hire, which employees may be protected under local, state, and federal labor laws, to the types and amount of insurance coverage your company should have. There are so many regulations that HR professionals have to update and understand to apply for staff members.
For some organizations, they might find it hard to comprehend or uneccesasry to oblige to some details in one circular. And the consequences for not being compliant with the laws which may due to simple ignorance can be disastrous to your business such as significant fines and penalties.
Overall, the ideal solution to avoid these issues is to hire a qualified HR person working internally or partner with a reputable HR service provider like Faro to help you manage this field before it turns into serious problems.
2. Leadership Development
As we can see, a regular occurrence in a Millennial-heavy workforce is that grooming current employees for leadership positions doesn't work when the leaders leave. As a result, HR professionals are now increasingly required to provide the necessary resources to implement a development program of perspective leading figures in their organizations.
Bear in your mind that training and development don't have to take a lot of time or money. A possible way is to recruit managers and senior leadership in mentoring their subordinate employees. Besides, you can create opportunities for them to use their strengths every day, encourage them to accomplish goals which motivate potential employees and give them a chance to develop their skills.
3. Retaining talented employees
Acquiring and retaining talent is a huge investment of time and money. Many small companies consider retaining talented employees is a fiercely competitive race. As they don't have big budgets for retirement plans, expensive insurance plans, and other costly items that their larger competitors do, they are easily left behind in this field. Moreover, as we can see, employee turnover is expensive and can negatively impact business growth. What can we do to remove this issue?
There is no doubt that many HR departments have to take the time to develop employee retention strategies. You might have some special policies such as increasing wages monthly, for example, to make these top talents feel comfortable and convenient to stay with your organization.
Last but not least, the most important challenge for the HR department is seeing the corporate landscape of the future. By continuously identifying and addressing challenges, Faro will bring sustainable success to your business’s great asset – human resource.