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  • How Various Factors Are Influencing The Field of Human Resource Management and Shaping The Roles and Responsibilities of Human Resource Managers

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    The document discusses four key factors influencing human resource management: 1) globalization increases competition, 2) technology transforms business operations, 3) a shift to knowledge work emphasizes building human capital, and 4) workforce changes in age and diversity bring new challenges. These factors require adapting approaches to meet evolving business and employee needs in a dynamic environment. The concept of talent management views employee activities as interconnected parts of an integrated, goal-oriented process. It coordinates recruiting, developing, managing and compensating talent. This holistic approach aligns talent functions to achieve organizational objectives.

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    How various factors are influencing the field of human resource management and shaping the roles and responsibilities of human resource managers

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    The document discusses four key factors influencing human resource management: 1) globalization increases competition, 2) technology transforms business operations, 3) a shift to knowledge work emphasizes building human capital, and 4) workforce changes in age and diversity bring new challenges. These factors require adapting approaches to meet evolving business and employee needs in a dynamic environment. The concept of talent management views employee activities as interconnected parts of an integrated, goal-oriented process. It coordinates recruiting, developing, managing and compensating talent. This holistic approach aligns talent functions to achieve organizational objectives.

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    25 views2 pages

    How Various Factors Are Influencing The Field of Human Resource Management and Shaping The Roles and Responsibilities of Human Resource Managers

    Uploaded by

    sn n
    The document discusses four key factors influencing human resource management: 1) globalization increases competition, 2) technology transforms business operations, 3) a shift to knowledge work emphasizes building human capital, and 4) workforce changes in age and diversity bring new challenges. These factors require adapting approaches to meet evolving business and employee needs in a dynamic environment. The concept of talent management views employee activities as interconnected parts of an integrated, goal-oriented process. It coordinates recruiting, developing, managing and compensating talent. This holistic approach aligns talent functions to achieve organizational objectives.

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    of 2

    How various factors are influencing the field of human resource management and shaping the roles

    and responsibilities of human resource managers?


    Key points:

    1. **Globalization**: The increasing interconnectedness of the world's economies and markets is leading
    to more competition among businesses. This heightened competition puts pressure on companies to
    reduce costs and enhance the productivity and quality awareness of their employees.

    2. **Technology**: Advancements in technology are transforming the way businesses operate. As


    technology becomes more integral to many industries, employees are required to have a good
    understanding of technological tools. This, in turn, compels employers to update their human resource
    processes by adopting new tools that facilitate the distribution of technology.

    3. **Knowledge Work and Human Capital**: The focus of work is shifting towards "knowledge work,"
    which involves tasks that require a high level of intellectual expertise. As a result, there is an increasing
    emphasis on building "human capital," which refers to the collective knowledge, education, training,
    skills, and expertise possessed by a company's employees. Human resource managers play a role in
    nurturing and leveraging this human capital for the organization's benefit.

    4. **Workforce and Demographic Changes**: The composition of the workforce is undergoing changes.
    The workforce is becoming older and more diverse in terms of demographics. This diversity brings
    unique challenges and opportunities that human resource managers need to address.

    In summary, the paragraph explains how globalization, technology, the shift towards knowledge-based
    work, and changes in the workforce's age and diversity are influencing the priorities and strategies of
    human resource management. These factors require human resource managers to adapt their approaches
    to meet the evolving needs of businesses and employees in a dynamic and competitive environment.

    The concept of talent management as an integrated and holistic approach to managing employees
    within an organization:
    Key points:

    1. **Integrated Talent Management Process**: Employers nowadays see the activities related to staff
    management, training, and rewarding employees as interconnected components of a larger process known
    as talent management. This means that these activities are not isolated from each other but are part of a
    coordinated strategy to effectively manage the organization's workforce.

    2. **Definition of Talent Management**: Talent management is described as a comprehensive and goal-


    oriented process. It involves various stages, including planning, recruiting, selecting, developing,
    managing, and compensating employees. The objective is to achieve specific outcomes and goals related
    to human resources within the organization.

    3. **Key Perspective of Talent Management**: Approaching talent management from this perspective
    involves several important aspects:

    - **Interrelated Process**: Recognizing that the tasks related to talent management are interconnected
    and form a single, cohesive process. This contrasts with viewing them as isolated tasks.

    - **Goal-Directed Decisions**: Making decisions in talent management, such as staffing (hiring), and
    pay, with specific goals in mind. This ensures that these decisions contribute to achieving broader
    organizational objectives.
    - **Consistent "Profile"**: Using a consistent and well-defined "profile" when formulating plans for
    various talent management aspects. This profile, which includes skills, qualifications, and other criteria,
    should be utilized across recruitment, selection, training, performance appraisal, and compensation
    decisions for a particular job role.

    - **Integration of Functions**: Bringing together all the functions related to talent management. This
    means aligning recruitment, training, performance assessment, and compensation processes to work
    seamlessly and support the overall talent management strategy.

    In summary, the paragraph emphasizes that talent management involves seeing staff-related activities as
    interconnected, goal-oriented components of a comprehensive process. It involves coordinating different
    functions like recruitment, training, and compensation to work together towards achieving organizational
    objectives. This approach ensures that all aspects of managing employees are aligned and contribute to
    the overall success of the organization.

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