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Monday, April 13, 2015

How to build a lean and productive workforce

As we begin 2015, organisations across the globe are positioning themselves aggressively for growth. Businesses, on the other hand, cannot ignore the indivisible role of human capital behind a company's growth and success. Engaging the 21st-century workforce today demands serious focus because skills are becoming scarce, workers are becoming demanding and millennial (Generation Y) are now taking charge. All these factors are forcing companies to develop innovative new ways to find people, develop capabilities and share expertise.
According to the Deloitte Global Human Capital Trends 2014, companies cite workforce capability as one of the top three business challenges in present time. Despite high unemployment rates and the surplus of labour, companies are surprisingly reporting difficulty in recruiting and retaining skills required. As per the survey, about 33 per cent of the small business owners and chief executives said that they have unfilled job openings 
because they couldn’t identify qualified applicants.

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