Human Resources? Try "Human Capital Management"
- The industry is seeing a shift away from “human resources” and toward “human capital management” – a change that reflects the increasingly active role required of HR professionals, according to Business News Daily.
- Managers need to keep employees engaged beyond recruitment and onboarding, which may require a shift in performance review and training processes. Focus on all individuals, not just star players, and watch for paths of growth for all employees.
- New HR tech should help managers “get out from behind the desk” and engage one on one with employees, not just serve as flashy data dumps, said the Business News Daily. Use the data gathered to improve the organization and make peoples’ jobs easier.
Human capital management requires just that—active, involved management by personnel professionals.
“Keeping employees happy and engaged in your company now depends very heavily on how you approach the entire employee life cycle," said Sanjay Sathe, president and CEO of RiseSmart, to the Business News. "Do our recognition, review and learning processes actually engage with our employees, or are they tokens so we can say we have a process?”
Take time to learn about each of your employees on an individual basis to understand how they best engage. In some cases, a personality test like Myers-Briggs may be a useful tool. Observing generational differences can help managers adjust their approach, said the Business News, but be wary of placing too much stock in the differences—the core basic values are essentially the same across generations.
Bottom line, according to the Business News: don’t stop your management scheme at good enough. Always look for ways to improve and keep HR management dynamic.
- Business News Daily HR evolves into 'Human Capital Management'
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