Introduction to Global Challenges in HRM

Introduction

Human resource management involves everything related to the employer-employee relationship and is about supporting & managing the organization's people & processes. It can be seen as the core business function essential to the organisation’s effective operation. (London school of economics & political science, 2016)

It is designed to maximize employee performance in service of an employer's strategic objectives. Employees are the ones that leads organization to its success. In other words, finding effective ways of ensuring your employees to keep investing their time and effort into their own success as well as the ultimate success of the company.

Figure 1-Human Resource Management

*Decreasing costs & improving efficiency will help HR become a partner in executing strategy. (Ulrich, 1998)

*Management decisions and actions that affect the nature of the relationship between the employer & employees (Beer et al, 1984)

The Goals of HRM

Armstrong (2014) argues that HRM goals are to:

• Support the organization in achieving its objectives by developing and implementing HR strategies that are integrated with the business strategy (strategic HRM);
• Contribute to the development of a high-performance culture;
• Ensure that the organization has the talented, skilled and engaged people it needs;
• Create a positive employment relationship between management and employees and a climate of mutual trust;
• Encourage the application of an ethical approach to people management.

Figure 2-Managing Human Assets

Global Challenges in HR
According to the survey of Global HR challenges: yesterday, today & tomorrow Conducted by Price water house Coopers, they have identified 3 main global challenges in HR and will be discussed in the next blog.

1. Change management
2. Leadership development
3. HR effectiveness measurement

Conclusion

• As an employer or business owner they have a responsibility not only to their consumers, but to their employees as well.
• HR Management is an important function of the company or business in order to keep employees happy and productive. (Danshaw Consulting, 2018)

References 

Armstrong. M., & Taylor. S., (2014) Armstrong's hand book of human resource management practice., 13th edition ., London

Beer. M., Spector. B., Lawrence. P., Quinn Mills, D & Walton. R., (1984) Managing Human Assets, New York

Ulrich. D., (1998) A new mandate for human resources

Journals:

Global HR challenges: yesterday, today & tomorrow Conducted by Price water house Coopers (2005) Available at http://wfpma.com/sites/wfpma.com/files/PDFs/hrglobalchallenges.pdf (Accessed on 17th April 2018 at 6.45 pm)

Human Resource Management by Danshow Consulting (2018) Available at https://www.danshaw.co.za/human-resource-management/#hrm1 (Accessed on 17th April 2018 at 2.00 pm)

Introduction to HR by London school of economics & political science (2016) Available at http://www.lse.ac.uk/intranet/CareersAndVacancies/careersService/EmploymentSectors/BusinessManagementHR/HR/Home.aspx (Accessed on 16th April 2018 at 8.45 pm)