What are some of the challenges that are faced by Modern Human Resource Management

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Mariam Peyton

Mariam Peyton is a professional Financial Analyst. She holds a Masters degree in Economics. She specialises in financial analysis and forecasting. Her expertise includes studying the financial performance of companies, markets and entire industries looking for trends, insights and information that can help you glean rich insights for use in academic and market research.

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Human resource management is defined as the strategies and operations that impact employees’ conduct, perspectives, and execution at their places of work. Currently, it is important to note that for any organization to attain sustainable growth and development, it must employ efficient Human Resource Management policies because these encourage employee well-being, which contributes to the success of the company. Modern Human Resource Management primarily focuses on soft techniques such as increasing employee satisfaction, strengthening team spirit, preventing conflict, and many others. The purpose of this research is to investigate the challenges that affect modern Human Resource Management and discuss the potential strategies which may be used to overcome them. These challenges include; an increase in self-employment, changing workforce dynamics, changes in the external regulation of employment, changed employee expectations, and replacement of physical power and manual skills by the power of knowledge, creativity, and intellectual capital among others which will be discussed in detail in this essay.

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• HrM CHALLENGES A Case Study
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HrM CHALLENGES A Case Study

Key Learning Outcomes

1.0 INTRODUCTION

Human Resource Management is the approach used in procuring, developing, and maintaining a highly skilled workforce so as to effectively attain the goals of an organization. HRM is significant to organizations because it helps them in retaining their best employees who play a part in organizational development. Therefore organizations whose aim is to maintain their competitive advantage in the current times and in the future need manpower that is well acquainted with current skills and technologies to approach change and difficulties that might come their way. Companies currently face multiple demands such as accelerating globalization, stiff competition, recurrent advances in technology, and changes in methods of working among others. Modern Human Resource Management comprises of the basic areas of HRM such as strategic planning, recruitment, and selection of potential employees, as well as others such as performance appraisal, training, and development. However Modern HRM majorly centers on gentle techniques like improving employee satisfaction, reinforcing team spirit, and stopping conflict among others. The following sections of this paper are going to discuss the challenges that affect modern Human Resource Management and potential strategies which may be used to overcome them.

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