January 10th, 2018
Critical Aspects of HRM in the Australian Context – Core Competencies needed by HR Professionals in Contemporary Business Environment
With the dynamic nature of the business environment, various core competencies would help the HR professionals cope with the challenges they encounter. Firstly, HR professionals need to have leadership competencies. Leadership competencies ensure HR professionals make strategies that provide motivation for employees to remain committed to the organization thus avoid high labour turnover. Ineffective leadership that results into high turnover may lead to reduced efficiency, increased costs for constant staffing needs and loss of critical talent, which would otherwise serve as a core source of competitive advantage (Davidson, Timo & Wang 2010).
Secondly, HR professionals need management competencies. Such competencies include the ability to organize, plan and control the human resources to generate outcomes that lead to achievement of organizational targets. The lack of management competencies is what, as cited in the case study, has led to increasing replacement of HR specialist with generalist managers to head the HR function. Ultimately, the HR professional require functional competencies such as effective negotiation and communication skills. Due to the increasing strategic alliances that take place involving cross-border agreements thus multicultural parties, effective negotiation skills imply HR professionals will have the ability to mitigate challenges brought about by cultural differences in negotiating team (Hurn 2007). Go to part 7 here.