Emerging trends in HRM

Classic HRM was only concerned on attracting, recruit, training and compensating the workforce while concerning on labor laws and compliance. When considering on the world’s changes, Human resources management is a static sector with gradual changes due to the emerging trends in the globalized world as well as the continually increasing human nature. With respect to humans, workforce is the critical resources in any organization which is vital. Business are serving their customers base while employees cater their needs. So, literally it’s a way of people serving themselves within a professional frame. 

Globalization has merged the globe while blurring the organizational boundaries as well as the geographic and international frontiers. in an interdependent economic system, a diverse workforce with multi-cultural, multi lingual, multi-national employees with variety of ethnicity, religions HR faces a greater challenge by bridging the gaps.

Learning and knowledge has become a vital factor than in the past. Nowadays, learning and management systems are common for skill development. Constant learning opportunities are the key for succession. Grabbing the opportunities at the right time and forecasting the future changes, predicting the learning and development needs accurately and enabling a pro-active measurement for them provides a vast advantage over competitors. Identifying and tracking potential skill development is one of an essential.

Ensuring work life balance is an emerging trend among employees. Normally a lay-off, cost cutting measures increases the pressure on employees. Not only that decreased man power as per the demand requirements may lead to overtime the employees. But today most of the employees are trending in part time job roles as well as working as a part of contingent workforce.

Healthy workforce with proper wellness and fitness helps to engage in sustainable workforce. Healthier the employee it is much healthier the organization and potentially easy to balance both professional and personal life. 

Technology has narrowed the horizon of work from home where online skill assessments has become an effective talent management tool. It has outrun the business by erasing the geographical limitations where employees can be online in any given moment for urgent tasks even from home. E-mails, E-verifications, E-signatures has established a paperless electronic process for uninterrupted service providing.

Digitalized world has opened new doors and new opportunities. Social media has become efficient in branding, marketing even HR functions such as attracting employees. Onboarding processes are mostly done using the technological advancements without considering the physical locations.  

Even though, it is not expected to eliminate humans from the process nowadays HR has been challenged with the newest addition namely HR bots. Is artificial intelligence being capable of doing the same as employees?  But this new technological advancement is capable of transforming and analyzing data as well as assisting in primary repetitive HR functions. 

Sustainable workforce is an asset to an organization. But, when considering on workforce mixes at workplaces, aging workforce is increasing, millennial generation tends to be more thriving and team oriented. With a multi-tasking employee mixing the millennials with aging workforce is challenging for HR.

Strategic planning with future forecast is essential in the emerging world of work to establish healthier and harmonious workforce to excel in organizational objectives while serving the citizens.

References

Goggins T, Emerging Trends in Human Resources Management, Chapter 11, Lesson 13, Study.com, Available from: https://study.com/academy/lesson/emerging-trends-in-human-resource-management.html

Gupta A, Emerging Trends in HRM, SlideShare Site, (06 July 2019) Available from: https://www.slideshare.net/ArunGupta263/emerging-trends-in-hrm-74472270

Paul E, Emerging Trends in Human Resources Management, EmpTrustHR, HR Central, HR Compliance, (6 July 2019) Available from: https://www.emptrust.com/blog/top-trends-in-hr