Latest trends in HRM

R. Lalithapavani

T.Jayasree

168A1E0021

168A1E0028

HR• HUAMN RESOURCE It is the

process of managing the people

in the organization with

regardence to the organization

vission and objectives

Trends

1. Globalization

2. Technology

3. Managing change

4. Human capital

5. Cost containment

GLOBALIZATION

The trend toward opening up foreign markets to international trade and investment.

• Impact on HRM– Different geographies, cultures, laws, and

business practices

– Issues:

• Identifying capable expatriate managers.

• Developing foreign culture and work practice training programs.

• Adjusting compensation plans for overseas work.

TECHNOLOGY

EMBRACING NEW TECHNOLOGY

• Human Resources Information System (HRIS)– is a system that lets you keep track of all your

employees and information about them. It is usually done in a database or, more often, in a series of inter-related databases.

– Benefits:• Store and retrieve of large quantities of data.• Combine and reconfigure data to create new

information.• Institutionalization of organizational knowledge.• Easier communications.• Lower administrative costs, increase productivity

and response times.

MANAGING CHANGE

MANAGE THE CHANGING

WORKFORCEIncreased diversity in the workforce

Creating workplace that respects and includes

differences

Recognizing unique contributions individuals

with differences can make

Creating work environment that maximizes

potential of all employees

Adoption of flexible working practices, such as

job sharing and the increasing opportunity to

work from home.

HUMAN CAPITAL

DEVELOPING HUMAN CAPITAL

• Human Capital

– The knowledge, skills, and capabilities of individuals that have economic value to an organization.

– Valuable because capital:

• Is based on company-specific skills.

• Is gained through long-term experience.

• Can be expanded through development.

• Greater focus on trust and integrity at all levels

COST CONTAINMENT