Retention emerged as the most pressing challenge for ANZ HR professionals, with 34% identifying it as a primary concern, in contrast to talent acquisition, which was the top issue for 36% of APJ respondents.
Determining productivity within a work involves identifying key traits and behaviors that either boost or hinder performance. Understanding these characteristics can help managers recognize strengths and areas for improvement.
This approach ensures that HR policies and practices not only react to immediate challenges, but also look to the future, positioning the organisation to effectively navigate future disruptions.
Psychometric tools have become indispensable in modern talent management, providing objective and reliable assessments of candidates' psychological attributes. By leveraging these tools, organizations can make more informed decisions in recruitment, development, and retention, ultimately driving better business outcomes.
The rise of AI in business requires a new set of specialized roles to ensure that this technology is used effectively, ethically, and strategically. Existing jobs, while valuable, do not have the specific focus or expertise required to maximize AI's potential.
The cost of a bad hire can be staggering. Society for Human Resource Management (SHRM) estimates that the total cost of a bad hire is typically about 40% of the individual's salary. For instance, if an employee earns $50,000 annually, the cost of their bad hire amounts to approximately $20,000, excluding other indirect costs.
AI is already transforming the business world significantly, and HR might see one of the biggest impacts from this innovative technology. HR is heavily reliant on data, and AI makes it easier for HR professionals to access, analyze, and make sense of this data.