Human Resource Challenges

Task Sheet No. 1 |

Abila, Arielle T. BSBA Financial Mgt. |

Mgt 11-4 (MW 7:00-8:30pm/ Rm411) |

HR Challenges | Issues/ Problems | HRM Global Approach/ Strategies |

1. Adapting to a rapidly changing worker profile | 1. Millions of women are predicted to pour into the global workforce | Adapt further to a new breed of employee |

| | HR will have to meet women's demands for equal pay and promotions in addition to customized benefits and perks like daycare, flexible hours, maternity leave and child healthcare. |

| 2. Ageing population | HR will need to establish more targeted incentive structures to keep less commited older workers in the worforce. |

| | Anticipate and assess which new skills and training older employees will require, particularly in the realm of technology. |

2. Understanding the subleties of workers' qualifications | 1.Range of skills that employees need have nit been provided by traditional educational systems. | Scrutinize job qualifications carefully |

| 2. Lack of standardization in education | Collaboration with other functions of the organization. |

| | Increase in understanding of qualifications and skill sets to ensure that hired employees are capable of executing their functions. |

| 3. Lack of advanced soft skills such as creativity, adaptability and good interpersonal communication. | Companies will need to foster a close relationship and dialogue with educational institutions and governments. |

| | Explore potential partnerships with universities to provide technical and vocational skills training or continuous education opportunities. |

3. Retaining and engaging a changing workforce | 1. Evolving motivations and expectations | HR will have to adapt their incentives, benefits, policies, and retention strategies for workers that are not just driven by financial compensation. |

| | Make sure that their people are committed, productive, and do not leave after a short period, incurring substantial...