Saudi Press

Saudi Arabia and the world
Wednesday, Jun 07, 2023

KPMG: Bold people strategies are crucial in achieving a competitive edge in HR

KPMG: Bold people strategies are crucial in achieving a competitive edge in HR

Optimizing people management has been a common pursuit for organizations worldwide, often achieved by leveraging best practices and drawing insight from others in the field. In its latest publication, The future of HR: Lessons from pathfinders, KPMG explores how HR professionals around the world are dealing with disruption and their organizations.
The report explores six key themes: delivering strategic flow; being digital in thought; word and deed; advancing analytics from insight to action – safely; shopping for talent — building talent marketplaces; holding to the heading — how to make purpose real and prioritizing wellbeing.

“Our interactions with global experts suggest that companies are now prioritizing bold people strategies as a crucial element in achieving a competitive edge, especially during the current period of the Great Reconsideration,” said Niam Sinno, Head of People and Change Advisory at KPMG Professional Services.

Saudi Arabia has been introducing initiatives to build the capabilities needed for its marketplace, and one of the latest initiatives is the HR Transformation Initiative by the Ministry of Human Resources and Social Development (MHRSD).

The initiative aims to update all HR departments in ministries into a new management style by qualifying their employees with professional certificates in the field of human resources and supporting the departments in terms of developing processes and structuring to ensure raising the level of growth. It strives to better enable HR functions to contribute to achieving the objectives of government entities.

Additionally, the ministry has issued a standardized organization of the working environment to keep pace with the latest developments in the labor market. The decision intends to create an attractive and safe work environment, provide decent and sustainable job opportunities for the citizens, enhance the attractiveness of the work environment and address the challenges that workers and employers face.

One of the many HR trends is the shift towards artificial intelligence (AI) and HR cloud. Various manual and inefficient HR processes are already being automated to ease administrative loads.

A wide range of aspects has benefited from AI technology, from report generation to decision-making processes. In the years to come, companies expect these HR trends in Saudi Arabia to grow and have a greater impact on HR industries.

Another HR trend in the country is the focus on data-driven decisions. As the role of HR professionals is changing, they are increasingly required to think strategically. Data such as compensation raises must be analyzed to ensure the business’s return on investment (ROI) isn’t affected.

“Saudi Arabia’s economic landscape increasingly involves HR professionals in strategic and financial discussions. With market insights, data, metrics, and benchmarks, HR teams are challenged to assist in workforce skills development,” commented Sinno.

Insight from KPMG experts on the metaverse suggests that people could spend more time in the metaverse than in real life by 2030. This propels HR to revisit service delivery in extended reality, creating a total experience for all stakeholders.

“As our community continues to be impacted by global economic uncertainty, HR must stand tall and support its employees. It is time organizations introspect and plan for the future, embracing the support of scientifically driven approaches while upholding their company values,” Sinno concluded.
AI Disclaimer: An advanced artificial intelligence (AI) system generated the content of this page on its own. This innovative technology conducts extensive research from a variety of reliable sources, performs rigorous fact-checking and verification, cleans up and balances biased or manipulated content, and presents a minimal factual summary that is just enough yet essential for you to function as an informed and educated citizen. Please keep in mind, however, that this system is an evolving technology, and as a result, the article may contain accidental inaccuracies or errors. We urge you to help us improve our site by reporting any inaccuracies you find using the "Contact Us" link at the bottom of this page. Your helpful feedback helps us improve our system and deliver more precise content. When you find an article of interest here, please look for the full and extensive coverage of this topic in traditional news sources, as they are written by professional journalists that we try to support, not replace. We appreciate your understanding and assistance.
Newsletter

Related Articles

Saudi Press
Close
0:00
0:00
A Major Ukrainian Hydroelectric Dam BLOWN UP
US and European Intelligence Agencies Uncover Evidence of Ukrainian Role in Terror Attack on Nord Stream Pipeline
Pakistani Hajj pilgrims arrive in Jeddah on first Makkah Route initiative flight
Photos and videos of Hunter Biden with underage minors have been released.
The driver has been described by authorities as a 21-year-old woman from Tallahassee
Joe Biden falls at the Air Force Graduation
America's Got Talent…
Elon Musk has been showered with praise by the Chinese public during his trip to China
Nvidia Joins Tech Giants as First Chipmaker to Reach $1 Trillion Valuation
Drone Attack on Moscow's Wealthiest Neighborhoods Suspected to be Launched by Ukraine
AI ‘extinction’ should be same priority as nuclear war – experts
Prominent Hacker Forum RaidForums Suffers Substantial Data Breach
Nvidia CEO Huang says firms, individuals without AI expertise will be left behind
WPP Revolutionizes Advertising with NVIDIA's AI Powerhouse
Olam Group Faces Setback in Saudi Arabia Agribusiness Unit Listing
Kuwait Open to Negotiating Visa Ban with Philippines
Goldman Sachs Cuts Israeli Shekel Forecasts on Politics, Intervention
Iran to Unveil New Hypersonic Missile
Two US Employees Fired For Chasing Robbers Out Of Store As They Broke ''Company Policy''
Pfizer, the EU, and disappearing ink - Smoke, Mirrors, and the Billion-Dose Pfizer Vaccine Deal: EU's 'Open Secret
The Sussexes' Royal Rebound: Could Harry and Meghan Markle Return to the UK?
A provocative study suggests: Left-Wing Extremism and its Unsettling Connection to Psychopathy and Narcissism
France Arrests 10 on Suspicion of Failing to Respond in Time to Migrant Drowning
Neuralink Receives FDA Approval for First-in-Human Clinical Study
Is Saudi Arabia the holiest place in the world? Ancient Hebrew Inscriptions from "The Mount Sinai Stand" Discovered in Saudi Arabia
Ukrainian Intelligence Official Admits to Assassination Attempts on Putin
WATCH THIS: democracy in Russia is so bad!
Saudi Arabia and Canada Restore Diplomatic Relations
Bernard Arnault Loses $11.2 Billion in One Day as Investors Fear Slowdown in US Growth Will Reduce Demand for Luxury Products
Russian’s Wagner Group leader: “I am not a chef, I am a butcher. Russia is in danger of a revolution like in 1917.”
TikTok Sues Montana Over Law Banning the App
Ron DeSantis Jumps Into 2024 Presidential Race, Setting Up Showdown With Trump
Steve Jobs introducing Apple's iPhone, exactly 16 years ago.
Banking Behemoth vs Ex-Boss: The PMorgan-Epstein Entanglement
China overtakes Japan as world's top car exporter
Saudi Minister of Finance Mohammed Al-Jadaan on the importance of economic integration among Arab nations
Talks between US House Republicans and President Biden's Democratic administration on raising the federal government's $31.4tn debt ceiling have paused
Syrian President Bashar al-Assad received a warm welcome at an Arab summit in Jeddah
Biden Administration Eyeing High-Profile Visits to China: The Biden Administration is heating things up by looking into setting up a series of top-level visits to Beijing by top officials in the coming months
New evidence in special counsel probe may undercut Trump’s claim documents he took were automatically declassified
A French court of appeals confirmed former President Nicolas Sarkozy's three-year jail term for corruption and influence peddling
Debt Ceiling Crises Have Unleashed Political Chaos
Weibao Wang, a former software engineer at Apple, was charged with stealing trade secrets related to autonomous systems, including self-driving cars
Mobile phone giant Vodafone to cut 11,000 jobs globally over three years as new boss says its performance not good enough
Elon Musk compares George Soros to Magneto, the supervillain from the Marvel Comics series.
Warren Buffett Sells TSMC Shares Over Concerns About Taiwan's Stability
New Study Finds That Secondary Bacterial Pneumonia Is a Major Cause of Death in COVID-19 Patients Who Require Ventilator Assistance
Here are your top headlines for today, May 14, 2023
The official tapes of Trump's deposition in the E. Jean Carroll battery (rape) and defamation case have been released.
King Charles III being crowned.
×