HRM in Changing Environment (MBA-WE)_3.pptx

**Introduction**

Human Resources (HR) management is a crucial component of any organization's success, responsible for the recruitment, development, and retention of talent. In today's rapidly changing environment, HR faces unprecedented challenges and opportunities. Technological advancements, globalization, demographic shifts, and evolving workplace expectations require HR professionals to adapt and innovate continuously. This essay explores the various aspects of HR in a changing environment, focusing on key trends, challenges, and strategies to navigate the dynamic landscape.

**1. Technological Advancements and HR**

Technological advancements have revolutionized HR practices, making processes more efficient and data-driven. Automation, artificial intelligence (AI), and machine learning have transformed recruitment, performance management, and employee engagement.

**Recruitment and Selection**

The use of AI in recruitment has streamlined the hiring process. AI-powered tools can analyze resumes, screen candidates, and even conduct initial interviews, saving time and reducing bias. For instance, companies like HireVue use AI to assess candidates' facial expressions, tone of voice, and word choice during video interviews to predict job performance.

**Performance Management**

Performance management has also evolved with technology. Traditional annual reviews are being replaced by continuous feedback systems, facilitated by software platforms like 15Five and Betterworks. These tools enable real-time feedback, goal setting, and performance tracking, fostering a culture of continuous improvement.

**Employee Engagement**

Employee engagement platforms, such as Slack and Microsoft Teams, have become essential in the modern workplace. These tools facilitate communication, collaboration, and recognition, enhancing employee satisfaction and productivity. Additionally, data analytics provide insights into employee engagement levels, helping HR identify and address issues proactively.

**2. Globalization and HR**

Globalization has expanded the talent pool, allowing organizations to hire from anywhere in the world. However, it also presents challenges related to cultural diversity, legal compliance, and remote work management.

**Cultural Diversity**

Managing a diverse workforce requires HR to develop cultural competence and inclusive policies. Cultural training programs and diversity initiatives help create an inclusive workplace where all employees feel valued and respected. Companies like Google and IBM have implemented comprehensive diversity and inclusion programs, demonstrating their commitment to a diverse workforce.

**Legal Compliance**

Operating in multiple countries necessitates compliance with various labor laws and regulations. HR must stay updated on legal requirements related to employment contracts, benefits, and workplace safety in different regions. Failure to comply can result in legal penalties and damage to the organization's

1. HRM in a Changing Environment

2. Introduction HRM is a subset of the study of management. Focuses on how to attract, hire, train motivate, and maintain employees. It enables the Employee to become Competitive Advantage for an organization in a global environment.

3. Understanding Cultural Environment Globalization 1. MNC’s 2. Technology Workforce Diversity Work/Life Balance

4. Globalization A process of interaction and integration among the people, companies and governments of different nations, driven by international trade and investment and accelerated by information technology .

5. There are three eras of Globalization. First is driven by transportation. Second is driven by communication Third is driven by technology Friedman

6. Multinational Corporations (MNC’s) Corporations with significant operations in more than one country. Examples: Gillette, Wal-Mart, Coca-Cola .

7. Three eras……. Globalization 1.0: Columbus discovery 1492 to 1800. Globalization 2.0: (1800- 2000) Industrial revolution, communication via fiber optics and the internet Globalization 3.0: Cultural shift from manufacturing to services. The era of Knowledge Worker. Friedman

8. Effects of Technology on HRM Recruiting Employee selection Training and development Ethics and Employee rights Motivating knowledge worker Paying Employees market value Communications Decentralized work sites Skill levels A Legal Concern

9. Employee Involvement Job nature requires more employee engagement than ever before. HR tries to enhance the interests of the employee by applying different strategies to involve the job .

10. Other HRM Challenges Recession Off Shoring Mergers

11. Class presentation Find information from the internet about the topic with examples. Prepare a one pager on the topic to distribute in the class during your presentation. Prepare a 10 minutes presentation about the given topic.