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BUSINESS NEWS: Firms must boost talents, employees’ productivity – CIPM

BUSINESS NEWS: Firms must boost talents, employees’ productivity – CIPM

Publish date: 2022-07-12 23:02:30 | Author: Henry Falaye | Source:

The President of the Chartered Institute of Personnel Management of Nigeria, Olusegun Mojeed, says organisations need to consider redefining talents and rescaling to improve employees’ productivity.

The disclosure was made at the 14th Special Human Resource Forum held recently, where Mojeed was also the chairman of the institute’s governing council.

According to him, as the country’s economy had become more challenging, organisations, especially human resources professionals, must strategise on tactical ways to mitigate challenges faced by employees.

“We are all aware of the economic challenges occasioned by inflation, insecurity and unpredictable government policies, which have negatively impacted people’s productivity, caused a high-level brain drain, loss of jobs and livelihood, and little or no foreign economic investment as well as business somersault.

“However, these have necessitated the need for a commensurate effort at bringing in equilibrium that will cushion the effect of these challenges. It, therefore, behoves us as HR professionals to deploy tactical ways and means to ameliorate challenges, volatility or complexities that may arise from economic difficulties.”

The President and Chief Executive Officer, Society for Human Resource Management, Johnny Taylor, stressed the need for HR professionals to look into redefining talents, rescaling and succession plans.

“We need people who are naturally agile learners and very adaptable. Our mental models in HR profession are stuck somewhere between the industrial era and the information era, when in fact the work models are heading very quickly towards the augmented era.

“As HR professionals, we think about the great reset, and it was accelerated by the pandemic, which started five to seven years ago. It was this notion that we got to redefine talent and think very differently about HR professionals if we are going to keep the world of work heading.

“Also, our relationship changes, HR professionals are really going to be something that we are going to lean onto. Our employees are changing, and we are going to have to change. Gone are the days when we simply say ‘this is our policy.’ We documented this policy three or four year ago, and we will revisit it every three or four years from now. It doesn’t work that way. You are going to have to constantly evolve.”

Also speaking, Regional Head, People and Culture West Africa and Nigeria, Standard Bank Group, Funke Amobi, said change an talent checks were critical.

“This is the time to rethink your talent management practices. This is the time to rethink how you acquire talent, how you retain talent, rethink your engagement drivers, ask your people what matters because it has changed post-pandemic. What matters to our people has changed.”

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