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Global Workplace Analytics believes that 25-30% of the workforce will work from home on a regular basis by the end of 2021. Employees and investors alike are demanding it. Managers and executives are becoming more trusting, as the feared “decrease in productivity” hasn’t materialized. Companies see opportunities for cost savings, and reduced travel and commuting has a positive impact on sustainability and social distancing alike.

North America has lived through a number of infectious diseases and public health outbreaks in the past few decades, such as severe acute respiratory syndrome (SARS), Middle East Respiratory Syndrome (MERS), and influenza virus H1N1 (swine flu). However, what makes COVID-19 different from all other public health crises is the speed and ease at which it can spread, leaving behind a path of uncertainty – medically, socially, and financially.

At a cost of nearly $4,000 on average to fill an open position, U.S. companies are spending nearly three times the amount spent on training per employee,” said Karen O’Leonard, vice president, Benchmarking & Analytics Research, Bersin by Deloitte, Deloitte Consulting LLP.

Digital transformation is changing the organizational decision making process and creating connectivity among people, processes, technology, and data.

Organizations have the opportunity to be the disruptor or being disrupted. Your timely and positive decision making process can help your organization and the business to grow. 

Talent Management is all about fulfilling the organization’s business objective by acquiring, developing, and deploying the employees with the highest potential.

The responsibility of HR is to create an environment where these high potential employees can learn, develop, gain on the job experience and progress in their respective careers, with the expectation that some of these employees are destined to play a significant role in the future growth of the organization.

Building a Talent management Strategy is challenging for small and medium-sized businesses because of many factors like limited resources, branding issues, lack of technology usage. This article highlights a few such challenges that SMB businesses face in talent management strategy and the strategies that can be implemented to tackle these challenges.