I have been giving a lot of thought to this role over the past few months and it really crystallized last week when I read the recent article in Human Resources Executive titled “What’s Keeping You Up?” This article was based on a survey of 802 HRE readers that found that “nearly 80 percent of HR leaders report their level of stress has gone up during the past 18 months,” with one-third of those surveyed reporting that their level of stress had increased “dramatically.”
There was a common theme in these findings, and it’s this: that given the impact of the downturn, HR leaders are having a difficult time these days.
“Significant challenges” to HR today
How hard? According to the survey, when asked to name “significant challenges” to human resources today, the HR leaders said:
- Only 30 percent of HR leaders felt that employee engagement and morale are strong within their companies;
- More than 50 percent said they were worried about losing talent;
- 45 percent cited the need to keep employees engaged and productive;
- 34 percent cited the need to retain key talent as the recovery takes hold;
- 33 percent feel there is a strong need to develop new HR leaders;
- More than 50 percent say downsizing has hindered their organizations ability to achieve its goals and objectives;
- 11 percent said that that downsizing has “significantly” hindered their organizations;
- More than 33 percent said their HR departments were cut during the recession;
- Some 50 percent said that they did not have enough staff to handle the current workload.
- 63 percent plan to increase employee communication to boost retention;
- 55 percent say will increase training and development;
- 45 plan to do more to assist employees in career development;
- 30 percent are going to help improve work/life balance;
- Only 21 percent plan to increase compensation; and,
- Just 16 percent say they will enhance employee benefits.
- “The Future of HR is to build leadership and strategy;”
- “What HR Worries About;”
- “Strategic HR: the Time is Now;”
- “The Future of HR From a Shareholders Perspective;”
- “HR is facing a world turned upside down,”
- “Has HR finally hit the big time?”
- “Human Resources Poised To Become a More Strategic, Mission Critical Contributor To Overall Business;”
- “Why We Can’t ‘Motivate’ Engagement?” and,
- “HR needs to simplify the complexities that have crept into it.”
Preparing for the coming tsunami
Now, back to the town crier: I do not profess to be the one who has gone to the mountaintop and seen the promised land. That mountaintop is a crowded perch now because every report you read basically tells the same story. HR’s impending dilemma has been sliced about every way that you can possibly think.
The big storm is coming and it will hit sooner than later. One thing is for sure: the tsunami is heading towards land. We do not need any more white papers to tell us this.
HR is in the cross hairs and this is not an errant weather forecast; it is just a matter of time and it will hit land at various companies depending upon the recovery, industry, culture, and other factors. That most commonly used phrase in the past — “People are our greatest asset” — will now take center stage.
The common denominators in all these studies are the importance of engagement and reconnecting with the workforce. In other words, the “people thing” has to be redone.
Or as the town crier would say, “Hear Ye, Hear Ye!”