Organization: IGI Global
As the fight for talent is projected to reach unprecedented levels, the increasing importance of human resource management to take the right choices are essential for shaping a firm's competitive advantage. The valuable contributions of innovative and talented employees to the results of a company are more important than ever. However, because of demographic change, the market for professionals developed itself from a buyer to a seller market. This means, that the majority of well-educated applicants is in the position to choose the company based on their individual needs and expectations.
Keywords like agile or fluid organizations are on everyone’s mind in these organizations right now and rightfully so. In a permanently changing business environment, companies and especially their HR strategies and departments must adapt to changes in the market to be more agile and customer oriented than ever before. To succeed, the productivity of employees is the key solution to changing business environments. Therefore, the allocation and retention of these scarce resources in the best possible way is even more important.
One of the main challenges for companies is to improve the enterprise not only on the side of the organizational and process level but to develop new strategies and approaches in human resource management. Only a symbiosis of the discipline’s information technology, organization, psychology and management will enable relevant and indispensable employees to promote loyalty to the company. Loyal employees are happy employees which ultimately fosters the productivity of employees.
In this fast pace environment, it is simply not enough to just implement organizational changes like building squads, tribes or chapters. There are several other layers to that topic that a company must consider if it wants to be more responsive. The usage of big data, state of the art technology and new ways of working are building a triangle to enable a company to manage and lead their personnel in the best wy possible and to derive measures for further development.
Companies need to put their people first. In times of automation, robotics and artificial intelligence, innovations by a company’s own employees will be the lifeblood and key to success in the future. A loss of talent should not be tolerated in any circumstances and companies need to take the appropriate measures to counteract such possibly harmful developments.
With this book, we want to close these gaps to help leadership of companies to better understand their employees and ultimately become agile and digital organizations.
All companies suffer from the same problem. They underestimate the change for the employees, the IT-environment, the culture and so on. The result is a rising pressure on employees and front-line manager to develop results which they can´t achieve because of missing methods, strategies and time.
Dr. Olaf Radant