subject: Talent War In Asia And International Human Resources [print this page] Greatest challenge that has appeared on the horizon of the international human resources management is the expectation of return to the erstwhile war for talents in Asia. A recent survey conducted revealed that the most important challenges in respect of human resources and human resource management in Asia are
Retention of the existing employees that comes to nearly 61.19% of the total workforce;
Maintenance as well as improving the moral of the employee and their engagement; and controlling the employee cost that comes to around 40% of the total outlay.
In the process of survey, no less than 201 organization wear searched for and after in depth study and analysis conclusions were derived regarding the human resource management . However, the research also indicated positive attitude in connection with future in and around Asia. It was found that the economic crisis that were regularly experienced by most Western neighbors, were conspicuous by its absence in this region of the globe.
Confidence levels of the employers were also very good. No less that 63.38% of the respondents claim to be preparing for future growth. Recent recession put more than 85% of the organizations under enhanced pressures for cost reduction. At the same time there is also call for improved returns on investment in the year 2010. It was not surprising therefore that over 60% of the reward professionals were having major difficulties in defending their expenses on employee rewards.
One of the most important aspects of the international human resource management is the benefits provided to the employees by the employers. For employers however, it is still a burden on the existing resources. Unique feature of the issue is that nearly 19% of the employers had no idea as to how much they are spending on employee benefits. Half of the employers are actually taking care of major human resource issues like the health and welfare of the employees while around one third of these employers are giving flexible benefits.
Human resource management is as much psychological issue as it is financial and the earlier the employers realize it the better it would be for them.
