HR MUST FOCUS ON RETAINING, DEVELOPING STAFF IN PRESENT TIMES

KUALA LUMPUR, Aug 10 (Bernama) -- Human Resources (HR) practitioners in the
country should balance the basic needs and use the present downturn to drive up
the performance of companies, says a HR expert.
Director, Talent & Organization Performance of Accenture, Low Choy Huat said
the key to successful talent management in difficult times was the ability to
think ahead and strategically create a workorce with capabilities to outperform
the competition.
"We recommend HR to proactively focus on retaining and developing the right
talent through adopting talent segmentation," Low said at a media briefing on
"HR Challenges and Opportunities in Uncetain Times" here today.
HR practitioners must also find innovative ways to engage the
workforce while getting the right costs by optimising HR service delivery.
Low said a recent company research showd that chief executive officers
of companies expected HR to make key decisions on talents.
"Only 11 percent are very satisfied with the contribution of their HR
function," he added.
Low said the competition for talent will become a business challenge in the
future.
"Companies that deal with the recession by cutting back too drastically on
talent management practices may find themselves woefully unprepared for the long
term," he added.-- BERNAMA
WNA SD