The downturn might be forcing organisations to contain costs, but employers that have seen it all before are continuing to invest in talent management and employee compensation, according to a new Mercer report.
Australia's work/work culture will create an "overload tsunami" and drive absenteeism through the roof unless its best "knowledge workers" are offered genuine flexibility, according to health and demography expert Dr Linda Duxbury.
A comprehensive succession plan is critical in gaining a competitive edge in the current economic climate, and knowing how not to make one is key to a plan's success, according to an HR expert.
Performance management has been used to determine rewards for so long that a substantial shift in mindset is needed to ensure it drives improved performance, according to a PageUp People white paper.
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.
Employers that gather and accurately interpret workforce data before resorting to massive job cuts can avert unnecessary workplace upheaval and save big bucks in future recruitment costs, according to Qantas workforce analytics manager, Nathan Carbone.
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.
Succession management in Australia is an "evolving field" but has a long way to go to reach best practice, according to PageUp People's Sylvia Vorhauser.
Effective talent management involves thinking more than two years ahead, aligning talent strategies with the organisation's long-term goals, and holding executives to account, according to a new study from Hewitt and the Human Capital Institute.
