Module 1 challenges in hrm
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The document discusses several challenges that HR faces in managing a global workforce. Some of the key challenges include balancing different cultures, employee laws, and business practices across countries. Finding and retaining skilled employees across different global locations can also be difficult. HR must also adapt to changes in technology and globalization, and help manage organizational change. Additionally, managing human capital and responding to market changes poses challenges for HR as they aim to develop talent and skills within the existing workforce.
Module 1 challenges in hrm
- 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