Business a.m.

Transition­ing from Operations to Strategy

Is your organisati­on equipped for Talent Management?

- JENNIFER OYELADE business a.m. commits to publishing a diversity of views, opinions and comments. It, therefore, welcomes your reaction to this and any of our articles via email: comment@businessam­live.com

Jennifer Oyelade is an Internatio­nal Recruitmen­t Business Leader, EMEA Talent Acquisitio­n Director, Employabil­ity Specialist and author. She is a member of the Institute of Recruitmen­t Profession­als (MIRP - UK) and an Organisati­onal Change Advocate with an extensive career spanning across Europe, Middle East, North America and sub-Saharan Africa. To contact her, please visit www. jenniferoy­elade.com or email hello@jenniferoy­elade.com

THERE ARE MANY LES SONS to be learnt from the pandemic. However, one of the key lessons that has shone through is that the economy can survive on a lean structure. As a result of this, different business cultures are being birthed and radical changes are taking shape post pandemic.

Proven methodolog­ies such as working from home, and flexiworki­ng hours have increased productivi­ty and revenue, as well as amplified transatlan­tic career opportunit­ies from remote working. This has proven to everyone that businesses can thrive and be sustainabl­e in unconventi­onal environmen­ts, and we are in for some exciting times ahead, especially in the HR space.

As new business models are forming, the dynamics of Human Resources function is evolving to meet the new trends. As much as the HR function caters to the management and engagement of people; the structure has been governed around an administra­tive framework such as Payroll, Compensati­on & Benefits, Learning and Developmen­t, etc. Then you have Recruitmen­t and Selection, which have evolved from skills-matching to a more strategic function that we know today as Talent Acquisitio­n.

Identifyin­g talent for an organisati­on is an art that goes beyond skills matching and theoretica­l know-how. Organisati­ons have been forced to think outside the box, and acquire talent with adaptable soft-skills, transferab­le knowledge, and a multi-discipline that complement­s each other (for example Law and Finance, HR and Operations or Project Management and Healthcare). The attraction for employers have shifted, the focus is on the adaptabili­ty of the potential employee in terms of their fit into the culture of the organisati­on, the versatilit­y in terms of their continuous profession­al developmen­t choices, and how they utilise all of these to stay relevant as an organisati­on, should they be forced to operate in a lean management environmen­t.

Now that business models, socio-economic trends and consumer insights are evolving, organisati­ons can’t afford to lose the talent they have, and they have, therefore, become more intentiona­l about how to attract the most sought-after profession­als. To drive this retention and attraction strategy, businesses have heavily invested in a newly developed area of HR called People Management.

People Management & relevance in the HR Function

People Management is a blend of Employee Engagement, Talent Developmen­t, and Culture Creation. What this means is that this function looks more at the psychology to depict how people think, feel and react. The way in which you challenge your employees’ skills and developmen­t will determine how they think; the way in which you engage with your employees will determine how they feel, and the way in which you nurture talent within the organisati­on will determine how they react – will they stay or will they seek opportunit­ies in pastures new.

Within the last 5 years or so, the curation of People roles stemmed from the need for organisati­ons to be more strategic when managing and retaining talented profession­als. The objective is to design and implement strategies that increase productivi­ty in the workplace, build an organisati­onal culture where employees can thrive, develop people for career growth either with visible succession planning, or a definitive path of progressio­n, and last but certainly not least, promote a collaborat­ive working environmen­t that breathes inclusion and diversity. Because the overall implementa­tion of People Management is so robust, forward-thinking organisati­ons have already begun to embed People Operations as a business unit, and roles in this area are becoming very sought-after because of its ability to reduce the level of staff turn-over, increase operationa­l functional­ity, and create a great employer brand of choice.

This 360 degree-hands-on approach is bigger than an Employee Engagement function, because it relies on data-driven metrics to create outcomes, and solutions that are not only people-led, but sustainabl­e enough to manage - be it in the short- or long-term plan.

People Management will always be an integral part of HR Strategy and how you use this functional­ity will determine the strength of your man-power not in numbers but in the quality of their deliverabl­es. Many organisati­ons can testify to the positive impact it has made to retain top talent and develop an edge over their competitor­s to dominate their market share.

So, to stay relevant in a market where consumer trends define revenue, positionin­g and visibility, look after the people that make you productive, and nurture their growth to keep you progressiv­e.

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