Managing multi-generational workforce is biggest challenge for HR: Randstad survey

Managing a multi-generational workplace is one of the biggest challenges faced by HR leaders, said a survey by Randstad India. As per their 'Talent Trends Report - HR Game Changers', about 47 per cent of HR leaders mentioned that they factor in independent contractors as part of their talent acquisition strategy.

The report offers an overview of the top 15 workplace trends that will shape talent management in 2015 and beyond. It is based on the feedback and outlook of almost 350 HR leaders and highlights their thoughts on the war for talent, impact of talent scarcity, how they utilize flexible workforce and multiple other issues, thus giving extensive insights and understanding of HR trends in India.

Moorthy K Uppaluri, MD and CEO, Randstad India, explained: "We are observing a constantly changing business environment, globalization, talent and regulatory landscape, both in the demand and supply side where HR is at the epicenter of these changes. A multi-generational and diverse workplace, the new war for talent, rapidly evolving technology innovations and the evolution of new strategic talent solutions - all these factors are playing in tandem to transform HR and thrust it beyond its current confines into a much more strategic function."

The survey said that there is a new war for talent emerging in India. It said that about 76 per cent of HR leaders in India feel that the 'War for talent' is getting fiercer than ever and the term still accurately reflects today's business and talent environment. Also, aptitude to do the job, skills related to the position and personality & cultural fit are the top three most important criteria for HR leaders when assessing potential talent.

The biggest challenge that talent leaders face in Indian organisations is keeping pace with rapidly evolving technology to enhance workforce productivity and performance. Here, 59 per cent of HR leaders mentioned that they are currently using online social and professional networks to directly contact professionals who may not be actively job seeking.

With respect to evolution of new strategic talent solutions, 43 per cent of HR leaders believe that talent scarcity will increase the need to completely outsource talent sourcing.