HUMAN RESOURCE MANAGEMENT ISSUES IN A GLOBAL CONTEXT

HUMAN RESOURCE MANAGEMENT ISSUES IN A GLOBAL CONTEXT

01.Introduction to HRM

Human Resource Management is a very crucial and complex aspect of an organization in the contemporary corporate environment.Over the recent past the significance of effective management of human recourse has become one of the main tools of the success and development of any organization.

HRM can be defined as a strategic approach to managing employment relations which emphasizes that leveraging people’s capabilities is critical to achieving competitive advantage, this being achieved through a distinctive set of integrated employment policies, programmes and practices. (Bratton and Gold,2007).

According to Armstrong (HRM) is a strategic, integrated and coherent approach to the employment, development and well-being of the people working in organizations.(Armstrong, 2009) 

02.Main Functions of HRM

• Recruitment and selection. ...
• Orientation. ...
• Maintaining good working conditions. ...
• Managing employee relations. ...
• Training and development.

03.Global Challenges in HRM

• Rising cost of labor;
• Reluctance by management to invest in HRIS;
• Reluctance by new labor force in HR to learn HRIS and process HR faster;
• Shortage of talent
• New skills required and employees need to reinvent themselves fast
• Productivity
• Distractions and work ethics
• Increasing regulation and compliance- chasing away talented staff who does not like being hampered

References

• Bratton, J. and Gold, J. (2007) Human Resource Management: Theory and Practice, 4 thed. Basingstoke: Palgrave McMillan.

• Armstrong, M., 2009. Armstrong's Handbook of Human Resource Management Practice. 11 ed.London: Kogan Page. 

• Dessler, G. (2013). Human resource management. (13th ed.). Pearson Education Limited.