Professional Documents
Culture Documents
OVER VIEW
Challenge of managing people If challenges addressed properly will outperform Challenges are around
Individual Challenges
ENVIRONMENTAL CHALLENGES
Rapid Change Work Force Diversity Globalization Technology Evolving Work and family roles
The tendency of firms to extend their sales / ownership, & or manufacturing to new markets abroad or
Considering the whole world as a market
Such alliances require dedicated and highly trained staff Phillips made a joint venture with AT&T and making several key acquisitions These are because of HR strategies to gain world wide competitive advantage
According to one estimate One has to change their skills three or four times in his / her career The advancement has effected business including HRM
Women face double burden working at home and on job (42h & 30h to children)
Some companies Child care to facilitate women workers and flexible working hours
Companies are investing on employees to train and over come short comings of the education system
ORGANISATIONAL CHALLENGES
Competitive position (cost, quality, distinctive capability Decentralization Downsizing Organizational restructuring Self managed work teams
Controlling costs
Improving quality
A compensation system that uses innovative reward system to control labor costs Other factors besides compensation policies enhance firms competitiveness by keeping labor costs low. These include,
Better employee selection stay with firm Training employees making them more efficient & effective
Effectively managing health and safety issues in workplace to reduce time and resources achieve tasks
Some companies apply TQM approach i.e quality at all stages to finalize a product or service In TQM every aspect of the organization is oriented toward providing a quality product or service
Creating Distinctive Capabilities The third way to gain a competitive advantage Utilize the people with distinctive capabilities to create unsurpassed competence in a particular area
Restructuring Some firms are changing the way the fucntions are performed E.g Some companies are restructuring HR for reasons such as time pressures, financial considerations and market pressures. Some of the tasks are outsourced size of HR department is decreased, so that HR can focus on more strategic and mission orientated activities
Restructuring The Human resource manager Outsourcing Firms Line Managers Decentralization Downsizing
Elaborate them
INDIVIDUAL CHALLENGES
Productivity Ethics Empowerment Brain Drain Job insecurity Matching People and organization research
INDIVIDUAL CHALLENGES
Productivity
Ability Motivation
INDIVIDUAL CHALLENGES
Empowerment
Recently firms have reduced dependency on superiors Essence - ownership
Brain Drain
Movement of intellectual of a company competitors lure away them Brain Drain mainly high tech companies, electronics etc Brain Drain delays product launches and innovation Compaq computers revoke bonues if executive take away potential employees
INDIVIDUAL CHALLENGES
Job insecurity
In this era of downsizing and restructuring many employees fear of loss of jobs Regular promotions and steady job is a story of past Layoffs have become essential in an age of cutthroat competition
INDIVIDUAL CHALLENGES
HUMAN RESOURCE MANAGEMENT David A. Decenzo Stephen p. Robbins Susan L. Verhulst 10th Edition