Top four HR challenges for 2010
As we move into a new year, many of us are making personal resolutions or goals for 2010. I’ve created a list of the top four challenges for the HR profession for 2010. Notice that I don’t say, “list of solution.” Given the uncertainty of the times, I don’t have the answers. Instead, I can only recognize the challenges ahead and engage in sincere discussions to find a solution that is right for our situations.
Legislation
Compensation and benefits plans have always been the way firms created competitive advantage. Those days may be gone. As compensation programs, health plans and retirement plans undergo potential legislation and mandates, the way we develop and manage these programs will likely be impacted. Soon, our government will make decisions on how companies will provide health coverage for their employees. Even firms who currently offer health plans for employees may be required to change their plan design or offerings to make way for new public policies. (more…)