Heads of HR are undervalued by CEOs and not seen as potential leaders
Author: PM Editorial | Date: 27 Jan 2016
But professionals below leadership level in Asia are much happier, finds survey
Leaders in HR are not getting the chance to be leaders in business. That is the key finding of a new survey by recruitment experts Harvey Nash, which suggests two-thirds of HR leaders feel undervalued by their CEO..
Although trusted to look after an organisation’s staff, they are not getting the opportunity to look after its business strategy, says the report. HR is viewed as the ‘eyes and ears’ or ‘conscience’ of the CEO, rather than an organisational leader in waiting..
However, below leadership level, HR professionals in the Asia-Pacific region are happier. The report indicates that HR professionals have had a good year: 65 per cent of workers in the sector say they are satisfied with their HR image..
Talent management is a top priority for HR professionals in the region, and the number of HR professionals investing in the training and education of their staff has almost doubled as a priority, up from 28 per cent in 2015, to 53 per cent in 2016..
However, Asian respondents are notably more challenged by recruitment issues than other global respondents, with 65 per cent in the Asia Pacific region expecting recruitment challenges over the next few years..
In Hong Kong alone, 68 per cent of respondents expect recruitment challenges –much higher than the global average of 57 per cent. HR professionals in this region are also showing an increased investment in employee engagement, which has replaced talent management as a top priority for HR in the last year..
The region continues to suffer with staff retention problems, as 24 per cent of respondents report they hope to move jobs in the next 12 months – four times higher than the six per cent who had the same plans last year. A further quarter of respondents will move in the next two years, with fewer than one-in-five HR professionals planning a long-term career with their current employer..
Recruitment challenges will remain the most significant labour market concern for HR professionals through 2016, says the report. “Employers must think far more creatively about how they attract talent, what their employee proposition is, and how their employer brand compares with their competitors. We can only take this as a positive indicator of market confidence. However, the ongoing issues of lack of local talent and the misalignment between education systems and hiring needs, remain problems with no imminent solutions.”