HR management the future of business

HR management the future of business

THE Committee for Economic Development of Australia and the Australian Human Resources Institute have proposed changes to postgraduate HR training and have called for accreditation of HR courses.

The proposals, contained in a paper HR: Creating Business Solutions, followed an Australia-wide survey of CEOs.

CEDA and the AHRI said CEOS ranked recruiting and retaining skilled employees highest of all factors critical to business success.

On a scale of 1-5, this factor was 4.7, while increasing customer satisfaction came out at 4.6. Employing and developing leaders scored 4.4, slightly ahead of sustaining a competitive advantage (4.3) and managing risk (4.2).

Managing change and corporate culture and becoming more innovative were equal, on 4.1.

Senior HR practitioners independently surveyed nominated labour supply as a critical challenge facing business.