For any business to succeed, the HR department has a crucial role it has to play. This has been the case for years. Due to COVID-19, the year 2020 has been different through – with so many companies working extra hard to meet their requirement for human capital, as well as keeping the costs under control, HR departments had to play a particularly significant role in all these. Now, given the kind of environment we are in, you need to evaluate your HR strategy in order to ensure that it still meets your company’s current needs, and if not, you can be able to build a proactive HR strategy. Here are a few ways in which you can be able to reshape your strategic approach to HR management, to not only survive today but also thrive in the future;

Leverage flex talent – currently, the labor market is quite flexible, to say the least, so, if you are not taking advantage of this flexibility, you are not only missing out on valuable talent opportunities, but you are also at risk of falling behind in the competition for the strongest candidates. See, most companies in Singapore have been recruiting on a temporary or contractual basis, and quite honestly, it has been working for them, which is why they are looking to extend this practice even in the future. Here is how a flexible workforce could benefit you;

• You can access contingent employees when you need them the most.
• You can be able to access specialist contractors at any time.
• Avoid the cost and time of hiring permanently.
• You will be able to ease the heavy workload from your staff.

Leverage tech to minimize costs – recently, in the HR technology space, we are seeing some really exciting developments, many of which have enabled the companies to streamline their human capital processes. Processes like sourcing, pre-screening, assessing as well as interviewing candidates have now been made quicker and more efficient. You need to get on board with these changes in HR technology, otherwise, you will be left behind. Also, by embracing these changes, you will make the application process much easier for the candidates, which will, in turn, be of great benefit to your brand.

Focus on the long-term – the impact COVID-19 has had on organizations and workers all over the globe means that many businesses are preoccupied with immediate concerns – which is pretty much understandable. However, this shouldn’t stop the HR managers to focus on long-term goals. In fact, they should focus on these goals together with their short-term priorities. One of the most effective ways to ensure that you are ready for the future is by creating a talent acquisition strategy, which aligns HR’s key processes such as identifying, recruiting, and onboarding candidates, with the wider business goals and priorities.

By understanding where you want your business to be in the future, you will get a better idea of your talent needs to support this growth. Basically, just future-proof your business – that’s all we are saying.