During an economic downturn when money is tight and many organizations are in survival mode, it is nevertheless critical to look closely at investing in employees.
That was the result of a recent survey, conducted by Indianapolis-based HR Dimensions. The company asked human resource professionals from across the state to identify their top three concerns in human resources for 2011.
Leadership development was the overwhelming highest priority with 77% of respondents signifying it was their No. 1 concern. Second on the list was compensation/reward management at 49%, followed by recruiting at 46% and team building at 42%.
“We were not surprised by the top concern. Enlightened organizations have been investing in leadership development and coaching quite heavily during this economic downturn. They tell us that they feel the need to invest in the development of their ‘high potentials’ in order to retain them and to carry their organizations through and out of the difficult climate,” says Mark McNulty, president of HR Dimensions.
However, McNulty notes the additional results show that “it apparently reflects that companies feel they can no longer afford to freeze pay and that as the economy grows, they will need to react quickly to changing conditions.”
One way for companies and human resources personnel to invest is to take part in various seminars and webinars offered by the Chamber. Upcoming webinars for HR pros include Linking Learning and Development with Organizational Strategy on October 20 and, a week later, Social Media and HR Implications. View a complete list of conferences and seminars.
The Chamber also offers a number of HR-related publications.
There are not too many games of any type played in which no score is kept. And while one might argue that crafting the laws that apply to Indiana companies, their employees and all Hoosier citizens is no "game" in the traditional sense, the antics that go into that process would suggest otherwise.
Much has changed in Unemployment Compensation legislation since our last edition of the Unemployment Compensation Handbook was released in 2007. In just this past year alone, both state and federal lawmakers have impacted Indiana’s Unemployment Compensation system with the American Recovery and Reinvestment Act of 2009, as well as Indiana House Bill 1379, which addressed the depleted UI Trust Fund and launched both increased tax rates and stricter eligibility rules for unemployed workers applying for UI benefits; and in 2010, Senate Bill 23, which delayed the tax increases on Indiana employers for one year.
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I got an e-mail Monday afternoon about an event starting the next day that would continue throughout the rest of the week. It was referred to as a “massive poster shipping party.” These four words didn’t really seem to go together, but I was pleased to be invited nonetheless.