Human resource models 'must change this decade'

Date: 23/02/2010

Businesses in the UK will best serve the interests of their future profit-making goals by investing more time and effort into a restructuring of human resources, is has been asserted.

Michael Rendell, a partner and leader of human resource services at PricewaterhouseCoopers LLP, said that the biggest challenges are facing a number of organisations such as the availability of finance, changing risk requirements and new customer demands, though incentives and recognition must play a part, among other strategies.

He continued: "Preparing for the upturn is a clear platform of opportunity for HR and, in the near future, this will mean refocusing on managing through change and engagement programmes as talent gaps need to be closed and roles redefined."

Mr Rendell added that given the strong focus that chief executive officers appear to be putting on people through management strategy and processes such as incentives and recognition, PwC expects to see major changes to HR models over the next ten years.

PwC operates 30 offices in the UK and operates strong business partnerships with Japanese companies.

Posted by James Yorke ADNFCR-2060-ID-19632289-ADNFCR

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Human resource models 'must change this decade'

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