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This article focuses on the next generation HR Transformation. It will require a significant change from today’s focus on HR operations — which are typically budgeted at 0.5 percent to 0.7 percent of revenue — to tomorrow’s focus on building strategic business services that can help drive share price. This shift will require HR to build services in new or non-traditional areas, such as workforce planning, talent management, mergers and acquisitions, global workforce security, change management, and global mobility. The next decade will provide HR with significant opportunities to help make a difference to the company; it will be interesting to see how HR steps up to the challenge. |
