Human Resources Trends Impacting Growth and Profitability

Michelle Remo, “Big 4″ observer
December 22, 2011 /

A new Deloitte report has explored the current trends shaping the way many companies are leveraging the human resources (HR) function and their people to improve competitiveness, profitability and growth.

“Clients are constantly seeking information on the latest in HR transformation,” said Jason Geller, principal, Deloitte Consulting LLP and global and U.S. human resources (HR) transformation leader.

“Working closely with 40 of my colleagues globally, we’ve identified the leading practices that top companies are using to drive the most value from their HR organizations,” he added.

Traditionally, HR transformation focuses mainly on making existing HR services more efficient, effective and compliant. Looking ahead, organizations should consider where they are in the HR transformation process so that they can develop and hone HR capabilities that enable business strategy rather than just supporting the business.

“While HR transformation is still a developing area that most companies have yet to achieve, HR can help to enable organizations to address today’s business imperatives and prepare for tomorrow’s,” Geller continued.

“From growth to globalization, cost pressure reduction to talent attraction, risk management to merger and acquisition support, transforming how HR works in your organization can contribute invaluably.”

The report includes discussions of critical HR Transformation areas including global HR operating model and governance; impact of cloud, social, mobile and workforce analytics on HR; HR shared services and outsourcing; talent, global mobility and contingent workforces; and global program governance and management, change analytics and benchmarking.

 

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