HR News Beat: HR a New Profit Center?

Forbes:  Is Human Resources Your Next Profit Center?

Demand for skilled workers will be higher than the supply come 2030 according to Korn Ferry.  That raises some real concern for HR. 

In a Forbes article written by Neil Bedwell, the concern centers around the reality that a “talent gap risks lost possibilities and opportunities to create new value.”  As such, companies will look to HR to solve the growling talent gap.  The article goes into great detail on how to recruit talented people and retain them through “strategic investments” in the areas of growth, impact, and relationships.  To read it, click here.

BNY Mellon reverses decision on remote working

The employees spoke and the company listened.  Bank of New York Mellon Corp has temporarily reversed its decision to restrict employees’ ability to work remotely.  The company made the change in November and received massive backlash.  According to Bloomberg, CEO Charlie Scharf rote in an email to the company’s 51,300 employees that he had decided to “hit pause on implementing any changes to remote working arrangements.”  To read more, click here.

Transforming HR through Automation and AI

Human resources will always be populated with humans, but technologies such as artificial intelligence and automation are going to be very close partners.  The two are already taking on mundane, time consuming tasks leaving humans to do more human capital-centered work.  In a recent article, the HR Technologist takes a deep dive in to the topic, looking at areas HR should evaluate and which tools will benefit their respective organizations.  Some of those include recruitment and post-hiring.  Click here to read more.

Want to know more about HR technology?  Download our HR Tech Global Report 2019.

Goldman Sachs changes Dress Code to Attract More Talent 

Goldman Sachs Group CEO David Solomon announced the company is relaxing its dress code in favor of a more casual environment.  According to LinkedIn the move “helps bring the bank in line with a workforce more increasingly dominated by millennials.”  It’s also meant to help the company become more attractive to prospective talent.  And they’re not the only company to attempt this tactic.  JPMorgan Chase relaxed their dress code a few years ago with limited success.  Read more here.

Photo courtesy:  Stock Photo Secrets