Cambridge Business Association
Business and Human Capital Challenges Today and in the Future
Report

Business and Human Capital Challenges Today and in the Future

A Research Report by the Society for Human Resource Management

Society for Human Resource Management
SHRM, 2015
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Editorial Rating

8

Qualities

  • Comprehensive
  • Applicable
  • Insider's Take

Recommendation

As the world’s biggest HR organization, the Society for Human Resource Management (SHRM) moves slowly. It takes years to adopt terms and accept positions that smaller, more dynamic think tanks and thought leaders introduce. This SHRM report offers well-researched, credible and dependable conclusions from a global survey of HR professionals and leaders and non-HR senior executives. getAbstract recommends this manual and its valuable sidebars by HR experts, practitioners and academics. Many of the writers deliver worthy original insights. Be sure to notice, for example, Kari Strobel’s description of the new HR competencies. Human resource professionals and HR or non-HR leaders will benefit from this report.

Summary

A Promising Future for the HR Profession

In 2014 and 2014, the Society for Human Resource Management (SHRM) conducted global surveys that generated responses from 439 HR professionals and leaders and 485 non-HR senior executives. Two-thirds of senior executives who don’t work in HR state that they believe in HR’s strategic role; more than 70% of non-HR executives anticipate a broader role for HR in the future. This is especially true in organizations of 25,000 employees or more. Two-thirds of HR respondents from such companies say that HR transformation – the change from being transactional to being strategic – is a primary challenge.

The majority of senior executives plan to make the HR function more strategic and measurement-driven. This gives HR leaders powerful allies in their transformation efforts. Non-HR executives feel less concerned about their organizations’ talent challenges than HR respondents do, but both groups identify the same primary HR challenges: the need for HR to operate more effectively with fewer resources and to make the transition successfully from focusing on administration to focusing on strategy.

The Imperative...

About the Author

The Society For Human Resource Management (SHRM) represents more than 280,000 members worldwide.

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