AI Issue 4 2017

Acquisition International - April 2017 45 A Successful Year and Outlook Hopes and plans for 2017 and beyond I believe most of HR best practices are in place and 2017 will see my team taking a bigger and stronger role in being a strategic business partner for our revenue generating teams. My team will work with business executives and contribute in deciding the tactics required for managing talent to achieve business goals. The team has a unique perspective of the entire organisation and can offer the best ideas, involving all departments and divisions. From a HR perspective, an increasingly diversified workforce, looming skill shortages, attracting, hiring and retaining the best talent will be the biggest challenge for us and the wider industry. On the contrary, this is the opportunity also, as organisations compete on a global scale, there is the growing necessity to employ diverse talents in order to understand the various niches of each market. There’s a great value in employing a mix of talent from diverse cultural backgrounds, genders and ages, in order to respond efficiently and creatively to new business opportunities. The efficiency of human resource department is a key to the success of any organisation. It does not only manage the employee operations, rather for HR it’s critical to develop effectiveness and efficiencies on technical aspects of human resources. The next step is to develop an understanding of the core business and use our combined knowledge of HR technical competencies, the business and its employees to influence the business direction, its goals and ability to perform.