The top Five HR Priorities for 2023

About 1.5 million people are employed by IT companies in Bengaluru as of 2020 in the IT and IT-enabled services sector out of nearly 4.4 million employees across India. They account for the highest IT-related exports in the country.

With India’s digitization drive picking up, the demand for skilled professionals will increase over the coming years. To meet this challenge, any recruitment agency in Bangalore needs to take a proactive approach towards hiring and training employees to ensure they are equipped with the skills required to compete in today’s digital world.

The role of human resources is changing. The world has become more complex, and new challenges have arisen. Here are the top 5 priorities for HR in placement consultants in Bangalore in 2023:

  1. HR is a key driver of employee experience (EX):

Employee experience (EX) is a key differentiator in today’s market and will become more important as companies compete for talent. HR needs to be involved in strategic planning and implementation to ensure that EX efforts align with business objectives, from attracting and retaining talent to improving productivity, reducing stress levels and driving innovation.

To achieve this, HR must work closely with other functions, including marketing or communications; legal; compliance; IT; facilities management; finance; operations management or procurement, all of which impact EX efforts.

  1. HR delivers financial results:

Data is one of the best methods to deliver value in the digital age. Employee experience (EX) has long been a top priority for HR executives. Today’s talent management systems are packed with metrics that measure engagement and retention, but if you aren’t taking advantage of their insights, you may pass up chances to boost your revenue.

  1. HR attracts talent:

As an HR professional, you need to be able to attract and retain the best talent. Doing this requires finding ways to make your organization more attractive than other employers in your industry or region.

To do this effectively, you must:

  • Get involved in your company’s recruitment efforts. This may mean helping out on campus visits or at career fairs or even reaching out directly to potential candidates through social media platforms like LinkedIn.
  • Develop an employee referral program that encourages current employees to refer friends and family members who might be a good fit for open positions at the company. Then, they offer incentives when hired by providing additional vacation time or lunch vouchers instead of cash bonuses. Work closely with hiring managers to ensure they know the characteristics that will help them draw in top talent.
  1. HR has deep Employee insight:

If you desire productive employees, engaged and loyal, then it’s time to start treating them like customers. Employee experience (EQ) is the most important factor in increasing employee engagement and productivity.

  1. HR fuels innovation:

With these priorities in mind, HR can play a critical role in fostering innovative company culture. These five priorities will help you:

  • Spot new opportunities and trends.
  • Take action on new ideas.
  • Communicate the impact of innovation on the business and your team members.
  • Measure the impact of innovation.

Conclusion

HR is a key driver of employee experience (EX) and delivers financial results. A recruitment agency in Bangalore will have deep customer insight. HR fuels innovation through collaboration with other functions and partners in the organization. These are just five examples, but they illustrate how business leaders will view HR as an important partner in their success over the next decade.