Access Exclusive, Trusted HR News & Resources >>> New Professional Members Save $20 Today
Sustainable design practices lead to happy employees—and healthy businesses.
Is your employee handbook keeping up with the changing world of work? With SHRM's Employee Handbook Builder get peace of mind that your handbook is up-to-date.
Set yourself up for success with virtual SHRM-CP/SHRM-SCP Certification Prep Seminars.
#SHRM18 will expand your perspective – on your organization, on your career, and on the way you approach HR. Join us in Chicago June 17-20, 2018
The business world is finally seeing what HR has always known-that talent is the key driver of success.
A few short weeks ago, the Society for Human Resource Management (SHRM) wrapped up its 2015 Annual Conference & Exposition. More than 15,000 HR professionals from around the globe converged in Las Vegas to focus on how our profession can thrive. For four sun-filled days, Las Vegas became the HR capital of the world.
I shared my belief that we are in the decade of human capital, a time when talent is seen as the real power behind business and organizations are drawing clearer lines between people strategies and business success.
Many signs point in this direction. When the
Conference Board asked CEOs, presidents and board chairs about their most critical challenges, human capital topped the list. A survey by the
SHRM Foundation and the
Economist Intelligence Unit revealed a similar finding that people management is the lead challenge facing organizations for the foreseeable future. Moreover, the World Economic Forum recently commented that talent, not financial capital, would be the key link to “innovation, competitiveness and growth in the 21st century.”
Leaders everywhere are quickly recognizing that having the right talent is imperative in a complex and volatile world, where so many forces are beyond our control. Technology is raising the bar on the education and the skills that workers need. It is creating new jobs and industries, while making others obsolete. Businesses must therefore have effective strategies in place to find and develop the talent they need to succeed.
We have also been talking for years about the demographic shifts that are reshaping the workplace. Now Millennials are officially the largest generation in the workforce, and we are in the midst of the Baby Boomer retirement wave we predicted. For the first time in history, there are five generations in the workplace. Organizations need innovative approaches to manage and engage this new, increasingly diverse workforce.
Globalization is another megatrend that no organization can escape, no matter its size or location. It has expanded our options for where and when work gets done, as well as who we employ to do it. The search for talent has become borderless. Businesses need access to the best and brightest workers, wherever they are in the world.
All of this makes our job—finding, developing and engaging talent for business outcomes—the most critical aspect of business today. The features in this month’s HR Magazine, covering everything from managing conflict to
boosting morale to the new role of “chief culture officers,” underscore the point: Demand for our people management expertise has never been higher.
The business world needs innovative HR leadership more than ever. Others are finally coming to understand, as we do, that great organizations are led by great HR professionals. SHRM is with you on this journey, and I encourage you to use the
SHRM Competency Model as a guide.
You have successfully saved this page as a bookmark.
Please confirm that you want to proceed with deleting bookmark.
You have successfully removed bookmark.
Please log in as a SHRM member before saving bookmarks.
Your session has expired. Please log in again before saving bookmarks.
Please purchase a SHRM membership before saving bookmarks.
An error has occurred
Recommended for you
Become a SHRM Member
SHRM’s HR Vendor Directory contains over 3,200 companies