Adapting HR Strategies for the New Generation Workforce | Shreya Biswas on Talent and Career Management

Today, we're diving deep into a critical topic: how HR needs to adapt talent and career management for the new generation. The stakes are higher than ever. We're seeing a mass exodus of talent, with employees increasingly willing to explore new opportunities – whether that's with a different company or even forging their own path through entrepreneurship – when they feel undervalued or unsupported. A recent Microsoft Work Trend Index revealed that 53% of employees are actively looking for new jobs or considering leaving their current roles. And it's not just about compensation. A Gallup poll found that a lack of opportunities for growth and development is a leading driver of employee turnover, with 48% saying they'd leave for a role with better career prospects. This trend is further fueled by the rise of the gig economy and the increasing accessibility of resources for starting a business.

These shifting priorities, coupled with rapid technological advancements and evolving business needs, are creating a perfect storm for HR professionals. Traditional talent management strategies simply aren't cutting it anymore.

On today's episode, we'll be tackling the big questions. We'll explore the biggest challenges organizations face in attracting, and especially retaining, top talent in this climate. We'll uncover innovative talent management practices that are proving successful, and we'll look ahead to the key trends shaping the future of work. We'll also delve into what employees really want from their careers right now, from growth opportunities and work-life balance to compensation and impact. And, crucially, we'll discuss whether companies are doing enough to support their employees' career aspirations and prevent them from seeking opportunities elsewhere. Finally, we'll examine the essential skills HR professionals need to cultivate to thrive in this new era.

Key Takeaways:

• Challenges in Talent Acquisition and Retention: Understanding the hurdles organizations face in attracting and keeping top talent.​
• Innovative Talent Management Practices: Exploring successful alternative strategies in talent development and career progression.​
• Future Trends in HR: Identifying emerging trends shaping the future of talent management and employee engagement. AI for assessing culture reputation (the case of culturama)​
• Employee Priorities: Delving into what matters most to employees today, including professional growth, work-life balance, and competitive compensation.​
• Essential HR Skills: Highlighting critical competencies HR professionals need to thrive in the evolving workplace.​
• Advice for Organizations: Offering guidance on embracing innovative talent management strategies to foster a dynamic and committed workforce.​

About Shreya Biswas:
Shreya Biswas is an MBA, Six Sigma Green Belt, and Cambridge-certified professional leading product development and research at Gartner. She brings a unique blend of strategic thinking and practical expertise to the world of sales leadership, shaping the future of talent management and organizational growth.

Reach out to Shreya on LinkedIn https://www.linkedin.com/in/shreya-biswas-a4355228/

👍 If you're committed to evolving your HR strategies to attract and retain the new generation of talent, give this video a thumbs up, subscribe to Growth Hacking Culture for more expert insights, and share your thoughts in the comments below!

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