Module 1 challenges in hrm

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Module 1 challenges in hrm

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

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