Describe the changing role of Human Resource (HR) management in response to trends in globalization, technology, diversity, e-business, and ethics.© BrainMass Inc. brainmass.com March 4, 2021, 8:18 pm ad1c9bdddf
Describe the changing role of Human Resource (HR) management in response to trends in globalization, technology, diversity, e-business, and ethics.
Human Resource management involves the development of organization systems and practices for the planning, acquisition, development and utilization of manpower. It involves developing a symbiotic relationship between the external, societal culture and internal culture of the organization. This enables the upholding of the relevant external values, as well as contributing new values such as productivity, innovation etc through modeling by the organization.
Current Business changes
Business space is changing at an exponential increase in competitiveness in the global arena. Second, all business including domestic business, is moving to a Customer led business space. Customers want more for less. That is an absolute global reality. Moreover the life span of differentiators will become extremely short. Entry barriers will be eroded by competition sooner than later. Also newer and more stringent standards in quality and processes will keep everyone on their toes. Quality will be a passport for entry but not a license for continuing business. Lastly the expectations of employees will be on the rise. Performance will become more critical. At the same time, for high performing employees there will be many more opportunities.
Impact of Globalization
Hence now the human resource management function becomes recognized as a central business concern; its performance and delivery are integrated into line management; the aims shift from merely securing compliance to the more ambitious one of winning commitment. There is a managerial trend of linking human resource management with strategy planning. It is important because in today's intensely competitive and globalize marketplace, maintaining a competitive advantage by becoming a low cost leader or a differentiator puts a heavy premium on having a highly committed or competent workforce.
In a growing ...
This solution of 1,146 words looks at the changing the role of Human Resource Management to current business changes, impact of globalization, impact of diversity and demographics, impact of e-business and technology and ethics.