Talent development refers to the processes and activities that organizations undertake to help their employees grow, improve their skills, and reach their full potential. The goal of talent development is to enhance the overall performance and competitiveness of an organization by creating a pipeline of skilled, knowledgeable, and motivated employees.
Given such unprecedented situation, how can HR play a role to retain the business sustainability during this tough time? Resource streamlining is the first task HR need to address to save company from insolvency risk!
The survey conducted by EY stated, nearly half of all companies indicated that cost-cutting measures are a priority. Others include cashflow management, re-prioritizing of business activities and investments and adjusting wages or applying for wage subsidies.
Harvard Business Review – 21 HR Jobs of the Future highlighted 73% of workers depend on their employers for support in preparing for the future of work.
2020 is a challenging year to most of enterprise who wish to grow or maintain their businesses’ performance during this pandemic wave that impacting the global economy.