Challenge 4: Attracting Top Talent
The tables have turned slightly during the pandemic. In the past, the job interview consisted of a candidate trying to sell themselves to the hiring team. In today's interview, HR also needs to sell the company to the candidate.
Because of the talent shortage, job seekers have more opportunities than ever before. They can afford to be choosy, and most young workers want to be employed by a company with a code of ethics that matches their own.
Every organization must strive to establish that they are the best company to land. HR needs to ensure that its organization is the most preferred among all the available options. This includes establishing a corporate culture that will attract the best candidates to your organization.
Challenge 5: Managing An Ever-changing Workforce
The workforce is changing faster than ever, and so is the role of HR. In today’s world, businesses must be able to adapt quickly to changes in the marketplace. They need to be able to attract, engage and retain top talent.
But this is easier said than done. The war for talent is real. And it’s only getting more competitive.
With more baby boomers leaving the workforce and millennials accounting for an increasingly large number of employees, HR executives now face an entirely new set of problems.
Generation Z is also entering the job market, bringing their own set of challenges with them. HR leaders are expected to find creative ways to engage and motivate this diverse workforce to collaborate, innovate and produce results.
Challenge 6: Keeping Up With Changing HR Industry
As an HR Leader, it's challenging to keep up with the ever-changing landscape of the HR industry. With so many new technologies and methods being introduced, it can be difficult to keep up with the latest trends.
Additionally, HR leaders are often responsible for overseeing the recruitment process and managing employee relations. So, it has become essential to regularly train and update the skills of your HR team.
There is an ever-growing need to keep up with every new method and ever-changing technology to ensure that we're doing our duties properly.
Challenge 7: Laying Off Employee
Conducting employee layoffs or terminations is never easy. Since allowing an employee to go is usually an emotionally exhausting process, it’s no surprise that 26% of HR leaders claimed this to be the most difficult thing.
Moreover, the legal challenges to consider can be significantly stressful for HR leaders because one faux pas in the termination process can lead to a hefty and time-consuming lawsuit.