emerging trends and issues in HRM

1. EMERGING TRENDS AND EMERGING TRENDS AND
ISSUES IN HRMISSUES IN HRM
byby
V.KAUMUDI (118W1E0020)V.KAUMUDI (118W1E0020)
A.SANDEEPYA (118W1E0045)A.SANDEEPYA (118W1E0045)
V R SIDDHARTHA ENGINEERING V R SIDDHARTHA ENGINEERING
COLLEGE, VIJAYAWADACOLLEGE, VIJAYAWADA

2. INTRODUCTIONINTRODUCTION

The real wealth of the nation lies in its people.The real wealth of the nation lies in its people.

In the world of human resourceIn the world of human resource CHANGECHANGE is is
constant.constant.

The HR management can negotiate the The HR management can negotiate the
competencies as per the emerging trends.competencies as per the emerging trends.

All decisions that affect the workforce of the All decisions that affect the workforce of the
organization concern the HRM functionorganization concern the HRM function..

The activities involved in HRM function are The activities involved in HRM function are
pervasive throughout the organization.pervasive throughout the organization.

3. IMPORTANCEIMPORTANCE

HRM policy enmeshes itself fully with those of HRM policy enmeshes itself fully with those of
organizational goalsorganizational goals..

The practice of HRM needs to be integrated The practice of HRM needs to be integrated
with the overall strategy.with the overall strategy.

It ensures effective use of people and provides It ensures effective use of people and provides
better returns to the organization.better returns to the organization.

4. CHANGING SCENARIOCHANGING SCENARIO
YESTER YEARS:YESTER YEARS:
• The communication The communication
link between the employee link between the employee
and management.and management.
• Planning employees Planning employees
career, putting business career, putting business
continuity plan, building continuity plan, building
cultures, systems.cultures, systems.
AT PRESENTAT PRESENT
•No more facilitating No more facilitating
appraisals & drawing up appraisals & drawing up
increment sheets.increment sheets.
•Respected by the employees Respected by the employees
for driving culture, learning for driving culture, learning
and development.and development.
•By management to reach By management to reach
their objective through their objective through
committed employeescommitted employees..
HR DEPARTMENT

5. FUTURE SCENARIOFUTURE SCENARIO

HRM outsourcingHRM outsourcing: : A pressure for the A pressure for the
standardization of the HRM practices.standardization of the HRM practices.

The talents are the best and the only The talents are the best and the only
competitive advantage in the area of Human competitive advantage in the area of Human
Capital and the processes & procedures are Capital and the processes & procedures are
done by the organization.done by the organization.

As Globalization advances the organizations As Globalization advances the organizations
need to adapt changes in Technology & need to adapt changes in Technology &
changing issues in the management of people.changing issues in the management of people.
CONTINUED……….

6. CURRENT ISSUES EFFECTING CURRENT ISSUES EFFECTING
ORGANIZATIONAL HR IN FUTURE:ORGANIZATIONAL HR IN FUTURE:
1.1.The corporations of tomorrowThe corporations of tomorrow
2.2. Information ageInformation age
3.3. DiversityDiversity
4.4. Social Responsibility Social Responsibility
CONTINUED…………….

7. CORPORATIONS OF TOMORROW:CORPORATIONS OF TOMORROW:
Future is a two fold effect:Future is a two fold effect:

Generation of employmentGeneration of employment

Industrial restructuringIndustrial restructuring
• A majority of people will be connected to the IT
infrastructure.
•A learning culture will be festered by the technologies that
serve, entertain and help people to do the work.

8. INFORMATION AGE:INFORMATION AGE:
•Information has heralded a new way of Information has heralded a new way of
doing businessdoing business..
•IT has the powerIT has the power
to change the well-trenched business to change the well-trenched business
paradigms.paradigms.
to link and connect people and enable the to link and connect people and enable the
exchange of products, services and capital.exchange of products, services and capital.

9. SOCIAL RESPONSIBILITYSOCIAL RESPONSIBILITY
1.1.Acquisition of technologyAcquisition of technology
2.2.Adaptation of technologyAdaptation of technology
3.3.Utilization of technologyUtilization of technology
4.4.Improvement and development of Improvement and development of
technologytechnology

10. EMERGING TRENDS IN HRMEMERGING TRENDS IN HRM
BALANCE SCORE CARDBALANCE SCORE CARD
A virtual representation of an organization’s A virtual representation of an organization’s
strategy.strategy.
SIX SIGMA
A project driven management approach to
improve the organization’s product, services
& processes by continually reducing the
DEFECTS in the organization.
Emerging concept of 4 R’s among HR managers:
Recruiting, Retaining, Retraining & Restructuring

11. IMPACT ON ORGANIZATIONS AND HRM:IMPACT ON ORGANIZATIONS AND HRM:
Political:Political:
•Increasing dispersal of national power & narrowing Increasing dispersal of national power & narrowing
of gaps between developed & developing nationsof gaps between developed & developing nations..
Economic:Economic:
•Increasing gap between poor and rich Increasing gap between poor and rich
individuals & increase in state capitalismindividuals & increase in state capitalism
Social:Social:
•Population growth, urbanization & increasing Population growth, urbanization & increasing
power of women.power of women.
Technological:Technological:
•Digitization of work life and lifestylesDigitization of work life and lifestyles

12. EMERGING ISSUES IN HRMEMERGING ISSUES IN HRM
1.1.Open communication with employeesOpen communication with employees
2.2.Internal assessment : To communicate problems Internal assessment : To communicate problems
and issues with management team.and issues with management team.
3.3.External assessment : Personal relationship with External assessment : Personal relationship with
other organizational members and employees.other organizational members and employees.
4.4.Projections : Economic development, demographic Projections : Economic development, demographic
& tends of biological & physical resources are also & tends of biological & physical resources are also
helpful to managers.helpful to managers.
5.5.Improved training & development programsImproved training & development programs
6.6.Motivating through compensation & benefit Motivating through compensation & benefit
practices.practices.

13. CONCLUSIONCONCLUSION
New trends in the world of HR New trends in the world of HR
are emerging every now and are emerging every now and
then and it is extremely then and it is extremely
important for anybody remotely important for anybody remotely
associated with the world of associated with the world of
business to know about such business to know about such
contemporary emerging issues.contemporary emerging issues.

14. THANK YOU ALL!THANK YOU ALL!
HAVE A GREAT HAVE A GREAT
DAY!!DAY!!