HRM Challenges and Trends

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<p>Emerging Human Resource Management Challenges &amp; Trends</p> <p>Emerging Human Resource Management Challenges &amp; TrendsLecture - 2</p> <p>An OverviewChallenging Years for HRUnwritten Healthcare RegulationsUndefined Tax ReformsChanging PoliciesFrustrated EmployeesLeadership Gap</p> <p>Emerging Challenges &amp; TrendsGlobalizationTechnological LimitationWorkforce DiversityCulture &amp; Communications SkillsDemographic Trends Changes in Political and Legal Environment Economic Challenges</p> <p>GlobalizationIntegrated World trade and financial marketsUnfamiliar lawsLanguagesPracticesCompetitionsAttitudesManagement stylesWork Ethics etc.Dealing with more heterogeneous functionsMore involvement in employees personal life.</p> <p>Technological InfluenceTechnological LimitationNo 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 technologiesNo HR technology environment that will work for all business units globally. There must be flexibility in a global HRs technology footprint and strategy if shared and local objectives are to be met.</p> <p>Technological InfluenceTechnological AdvancementAdvanced 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. </p> <p>Workforce DiversityWorkplace 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. </p> <p>Culture &amp; Communication Skills24/7 work cultureIn 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 GapEveryone should be accountable.</p> <p>Demographic Trends Trends that impact organizations and their workforcesThe aging of the workforceThe need for elder careChanging family patternsHigh rates of Immigration </p> <p>Political &amp; Legal Environment Changes in political parties and policies, rules and regulations.Law &amp; 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</p> <p>Economic &amp; Environmental IssuesHealth care and pension costsDemand for high-skilled workersChanges 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</p> <p>Emerging Human Resource Management Challenges &amp; TrendsCase Study</p> <p>ReferencesINTERNATIONAL JOURNAL OF SCIENTIFIC &amp; TECHNOLOGY RESEARCH VOLUME 1, ISSUE 6, JULY 2012</p> <p>http://www.lumessenewrules.com/brian-sommer-hrs-global-local-challenge/</p> <p>http://www.forbes.com/sites/meghanbiro/2012/11/11/5-greatest-challenges-ahead-for-hr-and-leaders/</p> <p>http://www.deloitte.com/view/en_IE/ie/insights/latest-thinking/ccc3b5b530c48310VgnVCM3000001c56f00aRCRD.htm</p> <p>http://www.globalhrbusiness.com/story.asp?sid=598</p> <p>Thank You !</p>