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Trends And Challenges In Human Resource Management

2915 words - 12 pages

Trends & Challenges in Human Resource PAGE 1
Human resources have been a beneficial aspect to several organizations globally and recently, has been considered one of the most important job functions for many successful corporations. Hiring and retaining qualified employees have previously been a challenging task and with the help of human resource professionals, seeking and maintaining conceptual employees has now become a priority for top earning corporations.Compensation and employee benefits are often the driving mechanism for several corporations and until recently, other beneficial factors are also key components for retaining key employees.In this essay, our group of human resource professionals will discuss the overall fundamentals of the human resource function which includes how a complete performance management system differs from the use of annual performance appraisals, evaluate the effectiveness of various performance appraisal methods and possible problems impacting performance appraisals, discuss the advantages of managing turnover in organizations, examine contemporary safety and health management issues in the workplace and discuss the future trends and challenges in human resource management.The role of the human resource manager is evolving with the change in competitive markets, along with an ailing economy. Human resource managers must play a strategic role in the success of an organization and the future holds various trends and challenges for human resource management.An example of a future trend in human resource management is the continuous growth in competition on a national and global level. To become more competitive, organizations must become more resilient, adaptive, and customer focused to succeed. Human resource managers must be able to evolve and become employee sponsors and change mentors. Human resource professionals must also become business driven and have an understanding of the organizations overall picture, as well as be able to influence key policies and decisions.Human resource professionals are now more educated and human resource managers are now seeking professionals that have extensive human resource experience and have a wide range of business training. Human resource will become a greater function of the business instead of simply being an administrative task. Examples of the background that human resource professionals must posses are finance, economics, operations, statistics, and strategy. Future human resource professionals will also study in a changing academic environment where business and financial skills are emphasized in human resource programs.Human resource managers will be held more accountable for the decisions they make regarding hiring top notch talent. Talent management will become the focus of human resources and human resource issues will be measured as a part of the business plan. Human resource managers will also be more significant in developing leadership for an...

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