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Contemporary Issues in HRM
What is HRM?
Contemporary Issues in Human Resources Management:HRM, which stands for Human Resource Management, is defined as “the process of hiring and developing employees so that they become more valuable to the organization.” (What is human resource management (HRM)? definition and meaning, no date) Societal changes, for example, social insurance change and generational movements posture contemporary difficulties for those working in HR. Ability securing and administration, particularly in innovative fields, keep on being needs too. (Rowe, no date)
What are the main challenges facing HR professionals in a world where there is plenty of work but not enough jobs?
The human resource management teams have to face many problems. They are:
- Implementation of Affordable Care Act
- Generational Shift
- Recruiting
- Retention
- Implementation of a Cooperative Corporate Culture
- Magnetizing Peak Talent to the Company
- Promoting the Human Capital
- Flexible Work Arrangements
- Clear and Transparent Work Culture & Open Leadership
- Career Advancement Opportunities
- Better Compensation
It is the responsibility of the HRM to provide their employees with a reasonable benefit’s package. This means that the company has to ensure that health of the employee is looked into. Some companies have “health care spending accounts” in which each employee has to pay a certain amount of money annually. The funds collected can be used whenever required by the employee.
As time passes, new people start coming into the company. it is natural for the “new entries” to demand from the company rather than give to the company, for them personal gain is of more value than the gain of the company. As a result, the sincerity towards the company decreases. Consequently, leadership also decreases.
It is a huge challenge for the HRM to decide who is perfect for the job. It is harder to decide who the “right person” is when it comes to jobs related to the computer science…
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