Attracting and retaining skilled workforces are among the toughest of challenges and highest of expenses for most organizations. HR departments, once viewed as a subordinate corporate function, now share equal importance with lines of business for enterprise success. HR responsibilities have expanded strategically to cultivate a performance-driven business culture.
In addition to the traditional responsibilities of talent acquisition, administration of payroll and benefits, and care of employee records, HR professionals now work closely with line of business managers, measuring employee performance against business goals and optimizing workforce utilization for operational and competitive advantages. Global organizations face additional challenges of rationalizing Human Capital Management programs for cultural differences, business conditions and talent pools across geographies.