Shaping young HR leaders
Rewards and recognition (R&R) is a system where people are acknowledged for their performance through tangible perks, verbal and nonverbal communications.
Arresting attrition is perhaps one of the greatest challenges for HR managers today. While there can be individual reasons for employees leaving an organisation, a remarkably high attrition rate may point towards a lack of belongingness among the employees.
Employee-employer dynamics have changed as a result of the pandemic’s acceleration of digital transformation into the future. In my opinion, the year 2023 represents HR’s best chance to reframe the function’s value in the post-pandemic world.
The responsibilities of HR leaders have shifted from basic administrative initiatives to decision-making, influencing, and ensuring alignment between company strategy and the workforce.
We are amid massive global corporate shifts, moving to an increasingly automated ecosystem. The skill requirements vary by the day and job profiles become more demanding, trumping the hiring and retention practices of organizations.
Rewards and recognition are a key part of building successful teams. They help create internal energy, which is not just infectious but also a great motivator for other employees.
There has always been a burning Debate on the matter that whether the HR Heads/CHROs can be next Gen CEOs. Historically, heads of HR haven’t been contenders for the CEO’s post as they were perceived to be lacking in financial acumen and business knowledge.
The Human Resources function has long been trivialized as the official Rangoli organizer of an organization, when in fact, HR can do/be so much more than just a hiring, payroll managing transactional function.
As Bill Gates said, “We all need people who will give us feedback. That is how we will improve”, we often underestimate the power of feedback and how beautifully it can work for our growth, both professional and personal.
It is often said that a happy workplace is likely to be the one that is most productive. Organizations today place increasing importance on creating a conducive work culture, treating all employees as equal, fostering diversity, and most importantly, giving people the freedom to be themselves at work.
In the hospitality business, the calibre of your guest services and staff reactivity directly affects your hotel’s image and reputation as well as its financial performance.
In the current scenario, communicating business and individual goals, sharing strategy, and giving constant feedback on the team’s progress require an effective process. The concerning issue of employee burnout rose significantly post Covid-19 majorly due to the remote working model leading to ineffective communication between tween leaders and employees.
