Discover the global trends affecting HRM,
• Develop an appreciation of the changing role of HRM in supporting organizational strategy
Historically HRM has been described as being responsible for the attracting, recruiting, selecting, training, assessment and compensation of employees while ensuring compliance with employment and labor laws.
• More recently HRM has also become involved in succession planning, business continuity planning, workforce diversity, labor relations and some aspects of mergers and acquisitions.
Impact of Global Trends:
– Organizations have become more global in markets and operations.
– Organizations will experience higher levels of risk and uncertainty.
– The disruptive nature of globalization will increase the need for organizations to be more flexible and agile,
– There will be increased political and social pressures for ecological and societal responsibility.
– There is likely to be a growing mismatch between skills needed and talent available.
– Organizations will be facing and challenged by economic and demographic imbalances.
I will be adapting to a common work culture, encompassing similar ethics and values, among people who hail from very different cultures.