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The Journey And The Road Ahead
Human Capital
|February 2017
The trends and challenges for the Industry in the various aspects of HR as they were perceived in 2016 and how they stand for 2017 as explored by O.C.Tanner, a global employee recognition and engagement company.
Leadership, Engagement & Culture
2016: The economic climate of the day for smarter operational methods of business and challenge was to stay ahead of global demographical shift and the growing competition, and was thus leaning towards one common theme, employee engagement interconnected to culture. Therefore, companies were required to place employee engagement and culture as their top most priority in 2016. Secondary to this theme was Leadership, who knows how to lead teams and inspire them to create an exemplary brand and a journey to success. Further, learning and development, which forms the foundations of the brand, has an equal foothold in this highly commercialized world.2017: The aforementioned theme continues to bear significance in 2017, and, it is anticipated that it will continue in 2018 as well. It did progress in the priority list of CEOs, and the ROIs were evaluated to make investments in leadership and engagement / culture influencing initiatives. We will see a lot more business cases being presented to Company Boards to justify and measure the investments on initiatives created by organizations towards cultures and engagement of employees.
Developing the human side of the business
2016: Majority of the organizations with the ability to thrive in today's dynamic business environment are struggling because they do not empower people. Success in the 20th century was driven by process,structure and encouraging people to function more like machines hereafter success in the future requires us to make more of the human side of business.
Humans have evolved to deal with uncertainty through collaboration, cooperation and using conflict in a constructive manner. Businesses need to encourage their people to develop mindsets geared towards connection, conversation and experimentation.
This story is from the February 2017 edition of Human Capital.
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