Miya 26 May 2024 Summary

The author suggests that HR should find ways to make the workforce more flexible, such as creating smaller units for new ventures. They also propose outsourcing to save costs and building an internal labor market. Lack of advancement is a key reason why employees leave, so HR should focus on talent development. By building an internal labor market, companies can avoid hiring expensive skilled employees. HR can offer internal training and allocate one day a week for employees to participate. Additionally, HR should prioritize diversity, equity, and inclusion to create a fair workplace that fosters employee loyalty and productivity. The author is holding the idea of HR should find a better way to let the workforce be more flexible, like creating a smaller P&L unit when the business enters into a new industry. And if the new venture is failed, then you don't need to restructure the entire organization. And also, like business leaders, they can outsource the workforce, so it can save much operating costs. And it encourages HR to build internal labor market. It says that HR may relocate talent in a way that allows talent to have their skill development, so that can encourage internal employees to be more positive. According to the author, lack of advancement would be the main reason that employees decide when they are quitting. And also, if HR builds internal labor market, it can prevent companies from hiring new skilled employees with high pay, with high package. And HR may offer internal training to employees and ask employees to have one day a week on their own time to take the training. That is kind of way of sharing the cost. And last, it says HR may take care of employees by paying more attention on DEI. The DEI refers to diversity, equity, and inclusion. It says the treatment of employee and the distribution of opportunities should be fair. And it says equity and inclusion is most easy one to be ignored. And for inclusion, it says it may help employees feel the workplace is a safe being place. The workplace is safe being, and those positive feelings may translate into hard working and employee loyalty.