But how has HR become so significant?
Open communication culture doesn’t only entail simply updating fellow department members or managers about work progress. In order to have great communication, everyone should aim to build stronger relationships with their peers and managers across all departments.
For HR Managers, the art of attracting Millennials - the generation born in the early 1980s to the mid 1990s - is certainly nothing new. By offering flexible working hours and incorporating technology into the workplace, firms have been able to satisfy these ‘gig’ employees for years now. However, what many firms have yet to prepare for is Generation Z - the generation born between the mid-1990s to the early 2000s.
If you dread changing your HR software, you are not irrational. Implementing a new system in human resources often runs the risk of budget deficits and delays, as shown in this Bersin by Deloitte's research. A software vendor could promise you the moon (e.g., saving time, reducing cost and increasing productivity), yet many new technologies failed to meet business requirements.
Do you know that actively disengaged employees cost the U.S. between US$450 billion to US$550 billion each year in lost productivity? According to a Gallup report, they are more likely to steal from their companies, negatively influence their coworkers, miss workdays, and drive customers away. It all comes down to the lack of employee engagement.