MEGA SESSION: Why the Best CEOs are Turning to HR to Lead the Organization Through Today's Top Five Threats

SHRM 2013 Annual Conference
Workplace Application: The top five threats separating all companies from protecting their position as #1 to becoming extinct can be eliminated by HR's leadership.
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We are entering a new economy and business model with tremendous potential for HR to lead strategic organizational success. CEOs are looking at HR to lead organizations through the five threats based on HR's ability to anticipate, respond and adapt to five threats ensuring the success and survival of all companies in the new economy. The first of the five threats we will discuss is losing your competitive advantage as competition is leveling the playing field and failing to engage your workforce to create and develop new products and services faster than the competition will cause your business to lose its competitive advantage. The cost of reckless hiring is second as most analysts agree that 80% of turnover can be attributed to bad hires. Poor talent selection practices cripple businesses making them fall short of reaching their potential. You must build a quality skilled workforce by managing smart hiring decisions. Third, Regulatory Nightmares are the single biggest external threat to business is government regulation on the state and federal levels. The other two threats we will examine are The Inability to Innovate and Poor Leadership and Communication. As you can see, HR is best function to lead organizations successful through these critical threats.