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Module 1 challenges in hrm

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  • Quite a good slide.It lays a basis for further research on this topic of study
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Module 1 challenges in hrm Presentation Transcript

  • 1. Challenges In HRM
    • Going Global:
    • Business expands around the world
    • HR work would get more and more complicated
    • HR has balance the Culture, Employee Laws, Customs and business practices
    • Finding best skill among different countries is a challenge before HR
    • Relocate the employee on need based
    • Adjusting compensation plans for fair pay
    • Difficult is to Retain the Employee
  • 2. Challenges In HRM
    • Embracing New Technology
    • Large Number of data can be stored
    • Small companies posing challenge
    • People work from home
    • Human Resources Information Systems(HRIS)
    • All company concentrate on HRIS
    • HRIS benefits in lowering cost
    • HRIS ensures speed
    • Online training is provided
    • Alligning people and CEO is a challenge
    • With HRIS, HR concertrate more on strategy
  • 3. Challenges In HRM
    • Managing Change:
    • Famous Quote “No change No Chance”
    • Two things drives change” Technology and Globalization”
    • Rosebath says” Develop a culture that just keeps moving all the time”
    • Types of chagnes:
    • Reactive Changes
    • Proactive Changes
  • 4. Challenges In HRM
    • Managing Human Capital:
    • Human capital means “Skills, Knowledge, talent of an each indivudial employee”
    • If organization competes, it is thru people
    • Success of organization depends on managing talent of “Human Capital”.
    • It denotes growth and success of an organization
  • 5. Challenges In HRM
    • Human Capital vs HRM
    • Human capital is intangible and cannot be managed like human jobs
    • Human capital is owned by human and not by organization
    • If employee quits Human Capital is lost
    • To build human capital knowldege should be developed
    • Staffing should be identified
    • Managers should use existing talent
  • 6. Challenges In HRM
    • Responding to Market
    • Human capital is intangible and cannot be managed like human jobs
    • Human capital is owned by human and not by organization
    • If employee quits Human Capital is lost
    • To build human capital knowledge should be developed
    • Staffing should be identified
    • Managers should use existing talent