Human Resources Management

List and explain some of the important trends influencing Human Resource Management

The following are the important trends which influencing HRM:

Globalization and competition trends

It needs to find new ways to provide transactional services and acquire broader business knowledge and new HRM proficiencies. Today, many companies want to have higher productive employee at lower cost. For example, outsourcing in China would be a challenge; the Chinese people have higher educational level and lower pay than others developed countries.

Technological trends-

High performance work systems increase productivity. The new technology changed people lifestyle. Nowadays, everyone will use blackberry, ipads, or smart-phone to communicate with colleague or business partners. The people can have faster response and better performance on their work through searching information from internet.

Workforce and demographic trends-managing ethics

Aging workforce will influence the economic growth. Today, many people do not want to postpone their retirement; rather they want to early enjoy their life. The companies need to think how to solve these problems and train their current staff promoted to higher level.

Labor force will continue to diversify due to immigration. HR department should change its strategy to find the suitable person to perform the jobs.

Economic challenges and trends

Many China companies will expand its business by set up or acquires subsidiary in foreign countries, its globalization changes will influence the HRM because lack of experience with cross-cultural issues. HR needs to design a strategy to reduce employee stress during secondment in other countries.

Indebtedness and deregulation

Deregulation is the government seeks to allow more competition in an industry that allows near monopolies. For example, telecommunications industries were successful because the government allowed more competition and finally lower prices for...