The human resources industry has undergone a significant transformation with the recent spurt in large-scale acquisitions. With organisations becoming increasingly aware of the need to attract and retain the best people for their workforce, employers are constantly seeking skilled additions to their HR team. Whether you’re interested in corporate finance or crop rotation, every area has this department. It covers everything from training and recruitment, pensions, compensation, benefits, payroll and redundancy to implementing employment law and relocation packages.
“HR practices have evolved over the years. In the digital age of millennials, correct and transparent information has become a key practice. Involvement of employees both through offline and digital engagement are important and regular open feedbacks and rewarding is valued by this generation. Social media hiring has become the norm these days like in Facebook, Twitter and even Tinder in some cases. Traditional hiring such as consultants and online job postings are of secondary preference,” said Manoj Agarwal, Giftxoxo, co-founder.
In line with the global outlook, consolidation is expected across most of the segments. The imminent skills shortage, changing nature of the workforce composition will likely drive the introduction of employer brand consulting, online and computer-based skilling services. This has brought tremendous opportunities adding to a large workforce at all levels. “E-commerce is a fast paced industry where HR has be to ready and flexible in hiring right talent or setting up policies or engaging talent in a very short time. Some of the key strategies are referrals, Linkedin, HR consulting firms, head hunting, etc which have worked in the past too. New age practices like college engagements and international hiring has been working well for companies now,” said Sujayath Ali, Voonik cofounder.
Hiring good tech talent has been a key challenge. Companies have been devising new methods. As the demand landscape intensifies, service providers will introduce new and innovative products in the areas of talent and performance management, engagement, and retention. This is a dynamic industry, which naturally needs lot of agility and speed in execution. It has brought tremendous opportunities in the areas of recruitment, compensation, practices, etc. The growing e-commerce industry has added a large workforce in last few years at all levels, requiring an efficient HR to manage that growth.
If you are academically inclined there are opportunities to teach HR related subjects at universities, colleges and management institutes. One may pursue a researchoriented career as well. Their role is considered important in making employees motivated, developing managerial and leadership competencies and teaching soft skills like communication, business etiquettes, etc. With knowledge, experience and expertise in HR one may work as a coach, mentor or counsellor also. This profession demands integrity, confidentiality and a high level of interpersonal interaction capability from its practitioners.
One must be able to work collaboratively with colleagues as it very much a team effort. Good HR professionals must be excellent multi-taskers along with strong organisational skills. To succeed in this sector, one needs to be good at engaging with clients, listening to company&’s needs and of course delivering results.
Ability to work under pressure is also a requirement. One should understand the demands and be able to anticipate the future requirements to formulate policies for short and long term. Today&’s talent is very transient. With scores of opportunities around, getting the right talent at the optimal cost and within time is the biggest challenge companies face. A business is only as good as its employees, and an organisation&’s employees are only as good as the HR team.