The Future of Human Resource Management - 1104 Words

The future of Human Resource Management 1.) Introduction The field of Human Resource is one of the most challenging and dynamic areas for European managers. â€Å"Human Resource Management is the function within an organization that focuses on recruitment of, management of, and providing direction for the people who work in the organization. Human Resource Management can also be performed by line managers†. Humane Resource professionals can make the difference between success and failure in an organization, and they affect the lives of the people they work with. Defining Humane Resource requirements is not an easy assignment, given the dynamic rate of change in the workplace. Globalization, changing technologies, diversity and†¦show more content†¦Therefore we have to think about employees and how to develop them. Resource Management is moving away from traditional personnel, administration, and transactional roles, which are increasingly outsourced. HRM is now expected to add value to the strategic utilization of employees and that employee programs impact the business in measurable ways. Unfortunately the demand for skilled workers exceeds the supply of qualified people. Today s workers are more demanding, smarter and less loyal than their preceding generation. In addition to that, due to the demographic changes, the workforce is aging. In Germany the population is shrinking and aging, like in most other European countries. Since the early 1970s the percentage of young people in the population is declining. This will have the result that the average age of the population is going to be around 46 years by 2020. This will obviously present new ch allenges. Human Resource professionals will have to deal with this aging workforce and their special needs. 5.) Human Resource jobs of the Future The talent manager: Like I mentioned above, there is the risk to lose talents to competitors. The talent manager is the person responsible for finding, developing and keeping the best and the brightest workers to meet the needs of the organization. The vender manager: Since there is a huge trend in outsourcing workforce. The vendor manager determines which functions can beShow MoreRelatedEvolving Future of Human Resource Management Essay953 Words   |  4 Pagesï » ¿ Evolving future of human resource practice Research Analysis Paper As newer generations begin to fill management roles at companies, evolving HR practices are positioning HR professionals on the pulse of industry trends–helping them to focus on the idea that employee performance is part of an ongoing evaluation. This evaluation, many experts argue, should be focused on the future and on inspiring people towards demonstrating new ways of attaining goals set by the company. 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