Employers across Australia are trimming their salary budgets, but with more precision than has been seen in previous downturns, a Mercer study has found.
Panicky managers that put bottom-line efficiencies before people during the economic downturn run the risk of obliterating company morale and losing their best talent, says Robert Half Asia-Pacific's managing director, David Jones.
In difficult economic times employers must ensure they balance shareholder concerns about executive pay with the need to attract and retain talent, says Yolande Foord, executive remuneration leader at Mercer Australia.
Of the 10 National Employment Standards the Federal Government aims to have commence next year, employers are most concerned by the least novel ones - those covering workplace flexibility and family responsibilities - new research shows.
A successful and enduring organisational change management strategy hinges on identifying, targeting and engaging "key decision makers" - and then "keeping your foot on the accelerator", according to the capability-and-culture GM of Transfield Services' global HR group, Joan Lynch.
Employers that stop investing in succession planning and management risk losing the benefit of their efforts over the next five - critical - years, according to a white paper by PageUp People.
Employers that refrain from indiscriminately slashing staff numbers and adhere to the 10 "DOs and DON'Ts" of the redundancy process will be "poised to enjoy a competitive advantage" as the economy rebounds, according to the authors of a white paper from the Human Capital Institute and Taleo.
HR must make the shift from transactional to transformational - driving change within a business instead of just aligning with it - if it wants "a seat at the table", says the head of global HR consulting at Kelly Services.
Some employers have successfully stepped up to the task of managing psychosocial safety, but in many other workplaces, initiatives are falling flat. Join us for an HR Daily webinar to understand what's holding back progress in this critical space and how to move forward.
