Changing Trends In Human Resource Management


Human Resource Management in the 21st century is witnessing major changes not simply because of globalization, it has been affected by economic volatility and global financial crisis. Example the US property bubble changed to world wide economic crisis in 2008. Other factors include fierce competition, consumer changes and technological impact including online connectivity, Artificial Intelligence, Automation, Nano technology and Robotics suggest (Chui, Manyika, and Miremadi, 2016). Reports suggest that these changes have seen changes in Work, Workforce, and Work Place.
According to Megatrends (2013), Workforce has change due to diversity of employees even in developing countries such as Sri Lanka there are diverse foreign nationals working from India, Bangladesh, Koreans, Chinese. The demographic of the workforce as change such as aging of populations this is an international scale phenomenon in developed and developing countries. The groups such as millenniums, women returning to workforce and older men and women are common in the Western Old due to shortage of workers and there are more Hispanics, Asians Arabs, Koreans, not excluding Arabs and East Europeans (KPMG, 2012).
These immigrant workforces are more educated skilled and have competencies and technological savvy as good as any in the west that away jobs of the nationals are one of the criticisms. Perhaps the argument for Great Britain to Exit out of the European Union. The increase in knowledge Base Workforce.
On the other side of the coin there is the problem contingent workforce, virtual teams and diverse multicultural teams working in global firms. As Tapscott and Williams (2010) firms are now using virtual teams and crowd sourcing idea generation to enhance efficiency.
On the side of the employees they are looking for flexible work, working from home, Flexi hours and paid holidays and bigger and better salaries. Employers too are changing the way organisations are hiring people outsourcing, contingent and virtual teams are common place in the workforce. All of this shows or highlights the fabric of workforce in the modern corporate world has changed firms are becoming leaner and mean with flat organizational structures to accommodate the new Knowledge base workforce of the 21st Century.
References 
Chui, M., Manyika, J., and Miremadi, M. (2016), Where machines could replace humans—and where they can’t (yet) Mckinsey Quarterly, July 2016.McKinsey & Company. All rights reserved.
Don Tapscott and Anthony D. Williams, Wikinomics: How Mass Collaboration Changes Everything, New York: Penguin.
Megatrends (2013) the trends shaping work and work lives, CIPD Megatrends. CIPD UK.
Ma, L., and Ye, M., (2015) The Role of Electronic Human Resource Management in Contemporary Human Resource Management. Open Journal of Social Sciences, 2015, 3, 71-78.
KPMG (2012) Rethinking Human Resources in a Changing World. © 2012 KPMG International Cooperative (“KPMG International”), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. all rights reserved.



Comments

  1. darshana5 July 2018 at 06:13

    Looks like well structured essay, you should list down references according to alphabetic order, pay attention on it, good luck

    ReplyDelete
    Replies
    1. Unknown5 July 2018 at 06:42

      Done, many Thanks for your comment on corrections

      Delete
  2. Anonymous5 July 2018 at 06:49

    well written essay with good content. keep it up

    ReplyDelete
  3. Unknown5 July 2018 at 09:13

    you have improve a lot, all the best

    ReplyDelete

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