Monday, August 10, 2009

HR Must Focus On Retaining, Developing Staff In Present Times

KUALA LUMPUR, Aug 10 (Bernama) -- Human Resources (HR) practitioners in the country should balance the basic needs and use the present downturn to drive up the performance of companies, says a HR expert.

Director, Talent & Organization Performance of Accenture, Low Choy Huat said the key to successful talent management in difficult times was the ability to think ahead and strategically create a work force with capabilities to outperform the competition.

"We recommend HR to proactively focus on retaining and developing the right talent through adopting talent segmentation," Low said at a media briefing on "HR Challenges and Opportunities in Uncetain Times" here on Monday.

HR practitioners must also find innovative ways to engage the workforce while getting the right costs by optimising HR service delivery.

Low said a recent company research showed that chief executive officers of companies expected HR to make key decisions on talents.

"Only 11 percent are very satisfied with the contribution of their HR function," he added.

Low said the competition for talent will become a business challenge in the future.

"Companies that deal with the recession by cutting back too drastically on talent management practices may find themselves woefully unprepared for the long term," he added.

-- BERNAMA

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