Emerging Human Resource Management Challenges & Trends

Lecture - 2

An OverviewChallenging Years for HR

Unwritten Healthcare Regulations

Undefined Tax Reforms

Changing Policies

Frustrated Employees

Leadership Gap

Emerging Challenges & Trends

Globalization

Technological Limitation

Workforce Diversity

Culture & Communications Skills

Demographic Trends

Changes in Political and Legal Environment

Economic Challenges

Globalization Integrated World trade and financial markets Unfamiliar laws Languages Practices Competitions Attitudes Management styles Work Ethics etc. Dealing with more heterogeneous functions More involvement in employee’s personal life.

Technological Influence Technological Limitation

◦ No payroll software to cover every locality, globally or nationally.

◦ Software firms partner with other firms to provide vast regional software.

◦ Different legal, regulatory, labor and other rules affect HRMS, recruiting and other HR related technologies

◦ No HR technology environment that will work for all business units globally.

◦ There must be flexibility in a global HR’s technology footprint and strategy if shared and local objectives are to be met.

Technological Influence Technological Advancement

◦ Advanced technology has tended to reduce the number of jobs.

◦ Finding skilled workforce regarding newly introduced technology.

◦ There is a challenging task of adapting workplace to rapid technological changes which influence the nature of work and generate obsolescence

◦ Use of technology for employee communications, employee monitoring, and development of e-learning

◦ Increased concern for intellectual property, identity theft issues, and the vulnerability of technology to potential terrorist attacks.

Workforce Diversity Workplace diversity can be turned into a strategic organizational With the mixture of talents, an organization can respond to business

opportunities more rapidly and creatively, especially in the global arena, Risks of losing talent to competitors. A HR manager needs employ a Think Global, Act Local approach. HR managers have to undergo cultural-based HRM training that are

already highly qualified but culturally diverse. Assurance to local professionals regarding foreign talents, as not a threat

to their career advancement. The effectiveness of workplace diversity management is dependent on the

skilful balancing act of the HR manager.

Culture & Communication

Skills 24/7 work culture In culture of collaboration, leaders are working

together to bring other employees up and into the circle of leadership.

They must own the problems they need to solve and own their failures to be credible when claiming success.

Leadership Gap Everyone should be accountable.

Demographic Trends Trends that impact organizations and

their workforces◦ The aging of the workforce◦ The need for elder care◦ Changing family patterns◦ High rates of Immigration

Political & Legal

Environment Changes in political parties and policies, rules and regulations. Law & Order Situation. Domestic Security Issues. Political Partisanship. Weakening of affirmative action policies. No Proper Healthcare Regulations. Undefined Tax Reforms. Necessary adjustment within the organization for utilization of

human resources

Economic & Environmental

Issues Health care and pension costs Demand for high-skilled workers Changes in corporate governance resulting from scandals. Scarcity of raw materials and other inputs including power and

electricity. Upward trend in the inflationary pressures with decrease in the

purchasing power. Increasing aspirations of workers for higher wages and other

material benefits. In inflation, the resources tend to become scarce and the costs

of machine, materials and labor multiply

EMERGING HUMAN RESOURCE

MANAGEMENT CHALLENGES & TRENDS

Case Study

References INTERNATIONAL JOURNAL OF SCIENTIFIC & TECHNOLOGY

RESEARCH VOLUME 1, ISSUE 6, JULY 2012

http://www.lumessenewrules.com/brian-sommer-hrs-global-local-challenge/

http://www.forbes.com/sites/meghanbiro/2012/11/11/5-greatest-challenges-ahead-for-hr-and-leaders/

http://www.deloitte.com/view/en_IE/ie/insights/latest-thinking/ccc3b5b530c48310VgnVCM3000001c56f00aRCRD.htm

http://www.globalhrbusiness.com/story.asp?sid=598

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