HR Trends 2014 in Asia

1. Focus on Employee Retention

• Re-evaluating recruiting practices

to ensure the new compliance

standards are met.

• Workforce planning and

developing retention strategies

Steven Yeong,

Chief Talent Evangelist of Hof Consulting

“In Europe, we see an uptrend of organisations investing in employee retention strategies

but in Asia, companies are not doing well in terms of leadership and succession planning.

That’s the reason why employees are leaving, especially the mid–level executives… There is

a need to keep employees on the right track and give opportunities for employee

progression.”

2. The Rise of Asian Talent

• Entry of Asian Talent into global roles for

international businesses will become more

prevalent.

• Organizations laying the groundwork for

these seismic shifts in the Asian business

landscape

• An increase in the number of Asian

employees sitting in the global

headquarters of organisations.

3. Big Data for HR (Workforce analytics)

• The focus this year will continue to

highlight the benefits of a Big Data people

strategy for HR.

• Big Data systems also helps you identify

potential flight risks and talent gaps.

Kevin Xia,

Regional Director North Asia at HRBoss

“ With Big Data technology, C-suite leaders are no longer making guesswork-based

decisions, but are working with tangible data, having more tools and legitimacy. HR Big

Data analytics platforms, like EmployeeBoss aggregate employee data from all existing HR

and business systems into one single overview. Ultimately, EmployeeBoss helps HR to

properly leverage Big Data analysis and gets them knocking at the door of the Boardroom”

4. Elevating HR to the Boardroom

• C-suite HR professionals are participating

in board meetings to discuss the role of

Talent in order to ensure that the

organisation has the talent it needs to

deliver on business goals.

5. Embrace the Digital

• With the generation of techno-philic

Millennials as the new emerging

workforce, it’s high-time for HR to

leverage the new developments in

business tech.

• Multiple HR processes can be streamlined

by going online. (Read the full report to

find out more)

6. The Golden Age of the ‘Expat Package’ is over.

• Gradual decline of premium Expat

packages will come to fruition.

• 2014 will see foreign talent competing

with local talent to work in these

locations, so the bloated Expat packages

of pre-2008 will decline in favor of local

or 'local plus' remuneration schemes.

Click to read the full HR trend report.

CLICK HERE.