Latest developments in vaccines have certainly offered us a glimmer of light a the end of the pandemic tunnel. However, organizations will continue to operate in the new normal, with increased economic uncertainty and unpredictable customer demands and employee expectations.
It is therefore, more important than ever that HR delivers better, faster and more compliant HR Services at a lower cost and remain agile and adaptable enough to change in an instant to support a turbulent global environment.
Global businesses require a global HR Strategy
Not only must HR occupy a space in the C-Suite, but it should also start leading it and more CHROs need to step up into the CEO role.
Deloitte predicted that by 2050, the global population is predicted to grow by 50%. Primarily by India and China. Yet today, the majority of the world’s corporate management lies in Europe and North America (70%). Therefore, companies and HR departments will need to prepare to change their global footprint from West to East.
This cries out for an even greater need for HR to be a core strategic function for all global businesses. Not only must HR occupy a space in the C-suite, but it should also start leading it and CHROs need to start stepping up into the CEO role.
This will not only ensure that businesses place talent at the center of their thinking but will also ensure greater integration between HR and the business. In other words, the C-suite and other business leaders will understand how HR contributes to and enables smooth company operations and greater business success.
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