Presentation on latest trends of human resource development

1. LATEST TRENDS OF
HUMAN RESOURCE
DEVELOPMENT
GsSubmit by: Nitika and Diksha jaiswal
[M.COM (Sem 3), Tut Group -FH]

2. ● Introduction
● Latest trends of hrd
● Globalization and its implications
● Workforce diversity
● Changing skills requirement
● Corporate Downsizing
● Contingent employees
● Examples
● Conclusion

3. INTRODUCTION
Historically, The HR department was viewed as
administrative overhead .The role of human
resources is changing as fast as technology and the
global Market place.
HR processed payroll, handled benefits
administration , kept personel files and other record
, managed the hiring process and provided other
administrative support to the organisation .

4. The positive result of these latest changes is that HR professionals have the opportunity
to play a more strategic role in business. The challenge for HR managers is to keep up
to date with the latest HR innovations- technological , legal and otherwise. How HR
managers can anticipate and address some of the most challenging HR issues.
Development is a process of preparing employees for future position and improve their
personal skills to handle the critical situations in and organisation. Development is
generally aimed at helping managers better understand and solve problems , making
decisions and capitalize on opportunities.

5. LATEST TRENDS IN HUMAN RESOURCE
DEVELOPMENT

6. LIST OF TRENDS
● Globalization and its implications
● Work force diversity
● Changing skills requirement
● Corporate Downsizing
● Continuous improvement programmes
● Decentralised work sites
● Employee involvement
● Contingent workforce

7. GLOBALIZATION
AND ITS
IMPLICATIONS
Business today doesn't have national
boundaries - it reaches around the world.
The rise of multinational corporations
places new requirements on human
resource managers. The HR department
needs to ensure that the appropriate mix of
employees in terms of knowledge, skills and
cultural adaptability is available to handle
global assignments
Human resource management must also
develop mechanism that will help
multicultural individuals work together.

8. WORKFORCE
DIVERSITY
In the past HRD was considerably simpler
because our work force was strikingly
homogeneous. Today's work force
comprises of people of different gender, age,
social class, values, ethnicity, religion, martial
status, beliefs, ideology and background
characteristics such as geographic origin,
tenure with the organisation and economic
status and the list could go on.
Diversity is critically linked to the
organisation's strategic direction. Where
diversity flourishes, the potential benefits
from better creativity and decision making
and greater innovation can be accured to
help increase organisation's
competitiveness.

9. CHANGING
SKILLS
REQUIREMENT
Recruiting and developing skilled labor
is important for any company
concerned about competitiveness,
productivity, quality and managing a
diverse work force effectively.
Skill deficiencies translate into
significant losses for the organisation in
terms of poor- quality work and lower
productivity, increase in employee
accidents and customer complaints .
Since a growing number of jobs will
require more education and higher
levels of language than current ones.

10. CORPORATE
DOWNSIZING
Whenever an organisation attempts to
delayer, it is attempting to create greater
efficiency. The premise of downsizing is
to reduce the number of workers
employed by the organisation.
HRD department has a very important
role to play in downsizing. HRD people
must ensure that proper communication
must take place during this time. They
must minimise the negative effects of
rumours and ensure that individuals are
kept informed with factual data.

11. CONTINGENT
EMPLOYEES
Contingent workers are a vital part
of the workforce. They offer their
skills and services on a provisional
basis. This workforce segment
includes contractors, consultants,
freelancers, and temporary workers
who are typically under a contract to
complete a project or fill a role for a
defined amount of time

12. SOME EXAMPLES EXPLAINING THE
TRENDS :

13. Accenture has committed to achieving
inclusion to foster innovation. In particular,
it focuses on five pillars: achieving gender
equality, including people with disabilities,
supporting the LGBTQ+ community,
fostering ethnic and racial diversity in the
workplace, prioritizing mental health and
wellness. Accenture puts a lot of effort into
ensuring each pillar can make a real impact.

14. Mass layoffs have been plaguing the tech
industry since 2022 and IBM is the latest
company that has announced layoffs after
it failed to meet its cash targets. The
company's shares also dropped by 2%.
The tech company also plans to replace
its employees with AI.

15. Amazon uses artificial intelligence to
analyze images and videos to
improve product recommendations.
It also uses AI to make its supply
chain more efficient, including
forecasting demand, optimizing
inventory levels, and routing orders
efficiently. It's even aiming to use
autonomous mobility robots in its
warehouses.

16. Thank You!!