Technology has revolutionized the way business work, and thereby the way we access information. In today’s world, any company can become digital and therefore avail its brand to the global market. Many critics contemplated that the dawn of the technology age will make specific business departments obsolete, and one of these departments is the human resource management department. It was thought that a smart software would replace the HR department; that it would perform all its functions.
On the contrary, human resource management has grown and developed over the years by accepting the new technological advancements. No one ever thought the firm’s least exciting sector would grow to be accepted in the future as a dynamic place to work. Human resource management has developed to something more than just hiring and firing employees to having a significant influence on their present and future working experiences.
The HR management department is changing, and firms have to keep up. The changes may be both negative and positive or merely challenges and opportunities. The following are the challenges and opportunities that affect the future of human resource management.
Leadership development is the second most significant challenge for human resource management. Leadership development is a critical factor for proper functioning of a company. The HR department is obligated with the mandate of the selection and development of future leaders of a company. Leadership roles in an enterprise equip managers with proper tools to manage the business. Leadership development has been identified as a critical strategic initiative globally, and it is the HR’s responsibility to ensure the right employees are retained.
Change management signifies a particular challenge for personnel management since there is no general focal point for HR professional training and development. Change management can be considered as the foremost issue that affects HR as they continue their normal business operations. Increased focus on training is necessary to add skills that will be used to deal with change management adequately.
Measure of HR Effectiveness
To ascertain that the HR department is doing quality work it will be necessary to measure the work it does, but how do you go about this? Criteria such as transaction management and positive influence on business can be used to measure improvement and the HR effectiveness.
Compliance with Laws and Regulations
It is critical to keep up with changes in employment law. Sometimes business owners give the HR department a hard time with such laws since they believe their businesses are too small to be affected by the regulations. Ignorance could lead to lawsuits, audits and even forced closure of the firm.
No matter how small a company is, they should follow all the local, state and federal labor laws since they are the regulations on everything involved in HR management.
Workforce Training And Development
Another common HR problem is investing in the preparation of lower level HR department employees. Some companies do not pay this problem much attention and end up regretting it in the future. For other businesses, the lack of training resources is the main reason for untrained employees. The problem might not be in the company itself but with employees, since front-line workers are always too busy even to have time to take a training course.
Personalized and Transparent Total Rewards
There is increased transparency in the management of total rewards which are also personalized. This could make HR look good in the future since employees can easily compare their pay to those offered to others.
Discussing pay and benefits was previously considered a taboo, but with today’s social media advancements and adoption of digital platforms, pay and benefits are more publicized than ever.
Increased Recruitment Driven By Social Media And Cognitive Assessment
HR management personnel have evolved to using digital tools such as social media and cognitive evaluation to recruit new employees.
Obliterating the Status Quo
Another opportunity associated with HR management is destroying status quo in the workplace, and this will significantly influence future work attitude in prospective firms. Not so long ago the HR department was seen to be resistant to change, but these days the HR obliterates status quo so that the business moves forward. These days nothing gets held back at HR; instead, the department strives to build a cohesive work environment where growth takes place.
Becoming Profit Enabling-Centers
HR management has transformed from a cost center to a profit-enabling center. These days the HR department provides opportunities to create profit and growth in the firm. Driving strategy and employee experience achieve this.
Change is inevitable and the only way companies can survive is if they embrace change. HR management is becoming the backbone of most businesses and change in the department will determine how such companies will run.
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