CONTEMPORARY ISSUES IN HRM
Presentation By:
SPARSH
SHIVANSH
SUVEG
ANKIT
CONTENTS
INTRODUCTION
CONTEMPORARY ISSUES IN HRM
INTRODUCTION
HUMAN RESOURCE MANAGEMENT
It involves coordinating, managing, and allocating employees, in ways that move an
organization’s goals forward. HRM focuses on investing in employees, ensuring their
safety, and managing all aspects of staffing from hiring to compensation and
development.
The purpose of HRM practices is to manage the people within a workplace to
achieve the organization's mission
HR professionals also aid in the training and professional development of
employees to meet the organization's objectives.
CONTEMPORARY ISSUES IN HRM
[Link] NEW STAFF
Companies sometimes need to recruit new talent for various
reasons such as an increase in project scope, operations.
While recruiting ,HRM faces major challenges i.e selecting the
best candidate familiar with the environment and culture.
HRM has to select such candidates which are not only
technically expert but socially too
Because the company cannot receive expected output from
employees who are unable to socialize.
As this affects the productivity of the company.
CONTEMPORARY ISSUES IN HRM
[Link]
Downsizing means reducing the strength of employees
through planned elimination of positions and jobs. Because
of the global competetion most of the companies want to
reduce costs and be competitive.
CONTEMPORARY ISSUES IN HRM
[Link] and Regulatory
Compliance
The labour laws are ever-changing and vary from
one state to another. If an organization have
multiple branches spread across different states and
countries, it becomes very tough to stay updated
with the local laws of all branches. Most of these
rules are related to wages, hours of work, anti-
discrimination, workplace safety, medical leave, etc
CONTEMPORARY ISSUES IN HRM
[Link] development
However, the lack of leadership development results in
employer-employee conflicts, disagreements in the
workplace, an unhealthy work environment, and
employees leaving due to poor relationships with their
managers. This affects employee morale, satisfaction,
and the organization’s goals; hence is a significant HR
challenge.
CONTEMPORARY ISSUES IN HRM
[Link]
Due to globalization in HRM, people with distinct worldviews come together.
Thus, friction might arise due to different interpretations of actions and
statements. Misunderstandings can originate from differences in communication
styles, values, norms, and expectations. These clashes have the potential to
disturb effective teamwork and the overall productivity of the organization.
With the advent of virtual teams and remote work brought about by
globalization in HRM, there's a notable reduction in face-to-face interactions.
The disadvantage of this reduced personal connection lies in its potential to
weaken the bonds that drive effective teamwork.
International team members may work during irregular hours to accommodate
time zone differences, so their work-life balance is usually compromised.
CONTEMPORARY ISSUES IN HRM
[Link] wellbeing
Employee wellbeing needs vary, and companies need to
offer a variety of resources and programs.
The implementation and maintenance of a robust wellness
program present organizations with a considerable
financial investment. The spectrum of initiatives, ranging
from fitness incentives to wellness workshops, entails
expenses that can potentially strain budgetary constraints,
requiring a delicate balance between the benefits reaped
and the financial resources allocated.
CONTEMPORARY ISSUES IN HRM
[Link] Integration
• Younger generations entering the workforce expect
technology to be integrated seamlessly into their work
experience.
• From AI-powered recruitment tools to collaborative
platforms and virtual reality training, technology is
reshaping HRM practices.
• HR needs to become tech-adept to attract, develop, and
retain this tech-savvy talent pool.
CONTEMPORARY ISSUES IN HRM
[Link] Evolving Talent Landscape:
Skills Gap and The Gig Economy
The rapid pace of technological change creates a skills gap
between available workforce skills and the skills employers need.
HR needs to invest in continuous learning and development
programs to bridge this gap
The rise of the gig economy presents both opportunities and
challenges: access to a flexible talent pool but potential for lower
wages and fewer benefits
CONTEMPORARY ISSUES IN HRM
Conclusion
• Contemporary issues in HRM require HR professionals to
be proactive, strategic, and adaptable.
• Addressing these challenges effectively leads to a
competitive advantage and organizational success.
• Continuous learning, innovation, and a people-centric
approach are key to navigating the evolving landscape of
HRM.