Retention of valuable employees, the main HR challenge for 2017

Retention of valuable employees, the main HR challenge for 2017

Challenges to HR practices

At the level of HR practices, the development of the next generation of leaders of the organization, which ranked first last year, now comes second with 12 percentage points down (-12pp). On the first place in 2017 is finding and recruiting employees with specialized skills, with an increase of +17pp. Employee retention remains second, but increases by +14pp.

Among the essential resources available and that can be used by companies to successfully meet the challenges of HR practices are the stronger skills of the HR staff (3.86 in 2017 vs. 3.64 in 2016). The collaboration between HR and management for strategic alignment is on the second place (3.82 in 2017 vs. 3.60 in 2016). The third place is held by the solid support the top management extends to the HR function (3.81 in 2017 vs. 3.78 in 2016).

The key actions that could be taken by the companies in the next 3 years to give a more strategic orientation to the HR function are different than in the previous edition. The involvement of the company’s top management in the development of the HR strategy rises from third place in 2016 (score 3.97) to first place in 2017 (score 4.27). The second place is held now by the more intense involvement of the executive management of the company in the implementation of HR strategies (4.25 in 2017 vs. 4.08 in 2016), and on the third place, we find the former first place for 2016 – the alignment of the HR strategy with the business objectives.

„We attach great importance to human resources and organize annual events dedicated to HR specialists in Bucharest and in the main cities in Romania. In the current context, the human resources are essential for the strategic development of the business. Organizations are concerned about creating a positive organizational culture, having a high engagement of the employees, good retention, access to talent, and developing management’s leadership skills. HR support by top management is very important to meet organization’s strategic challenges”, says Daniel Drăgan, Managing Partner, Business Mark.

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