22nd October 2015
Towers Watson’s recent global workforce study indicated that poor leadership prompts a third of employees to leave their jobs. Survey results indicated that a third of the UK workforce is likely to leave their current employer in the next two years because of the poor relationship they have with their line manager.
When managers were asked the same questions, many said they were not being empowered in their role to deliver effective management. Twenty-one per cent of managers said they did not find the online tools and resources provided to help them manage direct reports easy to use.
Are these figures a damning indictment for HR?
Deloitte’s High Impact Operating Model outlines the need for HR transformation from a focus on productivity and efficiency to an emphasis on impact and strategic business partnering. Two out of every five companies say their HR operations still have a “weak” impact on organisational success. As a result, organisations now expect HR to deliver more value in more ways including using technology and analytics to deliver bottom-line results.
At Curo, the phones have hot this year. 2015 seems to be the year investment in HR technology has finally made its way back up the agenda. We are now working with and increased number of leading companies who realise that to support their changing and dynamic businesses, technology is the answer.
Introducing a cost effective and best-of-breed Compensation Planning tool not only provides a user intuitive portal to empower managers to make truly informed pay decisions, but frees HR from time consuming administrative tasks so they can add real value to the business.