...One of the largest industries to be facing a Human Resources issue is the Health Care industry. The downsizing of the healthcare workforce that will result as Baby Boomers retire is upwards of 28%. There is a growing need for qualified, non-generalized employees in the medical field. Coming with the need for employees for the medical positions will be a need for additional HR and IT personnel. The Healthcare field is constantly changing, and HR in this field is projected to fall behind in the coming future. One of the biggest concerns for in future HR trends is that the Baby Boomers are leaving the workforce. This is not an issue by itself, but when paired with the lack of skilled workers joining the field, it is a problem. While on the surface, the problem will effect the staffing; the problem could be more wide reaching and affect the cost and availability of healthcare to the general public. While this trend isn’t specific to healthcare, and all industries are facing challenges, issues arise when organizations, in particular those in the healthcare realm, have skilled senior people as opposed to generalists. Retaining experience is crucial and the current generation is not filling the positions vacated by aging Baby Boomers. These Boomers will soon stop putting into the Medicare and Social Security taxes, yet will begin to draw from them and that money is projected to run out in about 15 years. HR managers face the task of filling the open positions, and what seems to...
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...Introduction Organisation development is not only about maximising profit but is also about implementing change and keeping employee motivated towards set standards. Over the period things are changing quick in paced moving business environment, the role of HR manager to recruit staff effectively and provide them sufficient training to face challenge of change in organisation. Organisation Development The goal of organisation development is to increase performance of organisation and enhance life of their employees. In simple word organisation development is a physician to a human body that diagnose important priorities within organisation and suggest and guide management through necessary change. To understand the definition one has to understand each word and its meaning, “organisation” means people and resources within organisation and “development” means necessary changes and growth, to summarise it “planned and system wide effort by top management to increase overall performance through necessary change”. "Organization development is a system-wide application of behavioural science knowledge to the planned development and reinforcement of organizational strategies, structures, and processes for improving an organization's effectiveness." (Cummings & Worley, 1997) "Organizational development is a long-term effort led and supported by top management, to improve an organization's visioning, empowerment, learning, and problem-solving processes, through an...
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...DATE: July 11, 2014 INTERVIEW ASSIGNMENT GLOBAL HUMAN RESOURCE MANAGEMENT – HRM830 INTERVIEW ASSIGNMENT – HUMAN RESOURCE MANAGEMENT-JACOB-RISHABH-SUSHIL 1 Contents Introduction .................................................................................................................................... 2 Part One: Interview this person face to face or over the telephone to find out about their journey in the HR profession and current position. Ask about their education and previous HR experiences and any words of advice for newcomers to the profession. ...................................... 3 Part Two: Company history, tell me about the organization of the HR professional. Include the type of industry products or services they provide. Mention any challenges that the organization is facing. ..................................................................................................................... 5 Part Three: What is the role of HR in the organisation? What are some of the challenges facing HR? From your understanding of HR what would you recommend as a solution and why? ........ 7 Part Four: Reflect on this interview. What were some of the major learning points for you and why? Knowing the experiences of your interviewee what would you do differently and why and what do you hope to do the same? .............................................................................................. 10 Conclusion .........................................
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...Help increase success rate of selection process by reducing number of under-qualified or over-qualified applications. Reduce the probability that job applicants once selected would leave shortly Meet legal and social obligations Identify and prepare potential job applicants Evaluate effectiveness of various recruitment techniques and sources for job applicants. Recruitment is a function that requires business perspective, expertise, ability to find and match the best potential candidate for the organisation, diplomacy, marketing skills (as to sell the position to the candidate) and wisdom to align the recruitment processes for the benefit of the organisation. The HR professionals – handling the recruitment function of the organisation- are constantly facing new challenges in Recruitment. The biggest HR challenge in Recruitment for such professionals is to source or recruit the best people or potential candidate for the organisation. In...
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...Bakar 12M1417 Yvonne Yeo Chui Ping 11M0032 With Due Respect We the Group Members Submit This Case Study Assignment to Our Lecturer Dr Zahidul Islam Date of submission: 14th March 2013 Introduction: Trends in Human Resource Management (HRM) are changing. One of the factors that concern the HRM area is the workforce demographics. In 1980s, baby boomers enter the workforce and started to operate in the job market. This boosts influence not only the organization, but also a country’s economy. Today, most countries in the world are facing population ageing due to the fact that now those baby boomers are approaching their golden age. In Wikipedia, population ageing is defined as a phenomenon that occurs when the median age of a country or region rises due to rising life expectancy and/or declining of birth rates. These occurs because of several factors such as reduction in the mortality and fertility rates, increased in life expectancy, migration of foreigners to a country and most of the time because demographically the population shifted towards aged population. This phenomenon will not only bring major implications to the social, economy and financial but also affect the HR function in a country(in general) and in an organisation (in specific). Global Ageing: Global Ageing has created some anxiety and concern to some countries and below states some of the proclamation picked as follows: China – “…In 2010, there were 110 million people 65...
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...resources. The new millennium has brought about new challenges for human resources departments and practitioners around the world. These new challenges raise questions about the nature HR practices and the role of HR professionals, and imply new approaches for the HR function in product and service delivery. Organizations recognize the critical importance that human capital means for competitiveness, and ultimately survival in the modern era. In Bangladesh ‘the concept of HR’ is not very old. But within last 7 to 10 years it is widely practiced and now maximum large company keeps a department of Human Resource Management. As we move into the 'new economy', the focus on people and knowledge has steadily increased. Today, companies face new challenges in dealing with issues such as the scarcity of talent, the value of ideas/knowledge and the changing preferences of the labour market. Consequently, successful HR strategies are needed more than ever. With the increase in competition, locally or globally, organizations must become more adaptable, resilient, agile, and customer-focused to succeed. And within this change in environment, the HR professional has to evolve to become a strategic partner, an employee sponsor or advocate, and a change mentor within the organization. In order to succeed, HR must be a business driven function with a thorough understanding of...
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...engagement and cultural issues have become the first challenge facing HR professionals around the world, according to the 2015 Global Human Capital Trends report, released by Deloitte. The report concludes, “Today’s HR challenges require a new playbook—one that helps make HR more agile, forward thinking and bolder in its solutions.” The report says today’s organizations are facing a new world of work that will require a reshaping of strategies for leadership and talent management. Because culture is the driving force in most organizations, engagement and retention strategies need to be responsive to these changes. However, more than half of survey respondents said their organizations have poor programs or no programs at all in place to gauge or bolster engagement levels. Other issues uncovered by the report include a global lack of leadership succession programs, with only 10 percent of respondents saying they have an “excellent” program in place, and the need for a complete makeover of most HR departments. Only 5 percent believe their organization's performance is excellent, with 22 percent saying their department is adapting to their workplace’s changing needs . What is happening in HR in 2011? Are we going to see a shift in the way that HR managers are recruiting employees to their organizations, or are we still going to be treading water in a stormy economic climate? One of the most important trends in HR development has been the increased amount of people competing for...
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...Facing Modern HR Challenges Head-On written by: N Nayab•edited by: Michele McDonough•updated: 5/26/2011 The proliferation of technology and changes in the business environment have increased the importance of human resources in the modern world. The major challenges facing human resources arise from this elevation of human resource activities to a core strategic function. * Finding and Retaining Talent The primary challenge facing human resource is to have the right people ready at the right time at the right place. The spread of technology and globalization has ensured a level playing field for firms in terms of technology, information, and availability of finance. The human resources of an enterprise, hitherto considered as just another resource such as land or capital, are now the key differentiator among firms, and as such the most critical source of competitive advantage. Although the availability of labor usually exceeds the availability of vacant positions, talent that makes a difference has always remained scarce. The increased competitiveness among firms ensures that finding new ways to increase the level of talent in the organization remains the key challenge facing human resources. The very existence of many knowledge-centric firms in fact depends on the ability of the human resources department to hire and retain the right talent. Retaining existing talent is easier than hiring new employees, and as competition increases among firms, human resources looks...
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... 3 1 Introduction 1.1 definition 4 1.2 introduction 4 2 Analyses 2.1 importance of hrm today 5 2.2 one major challenge of hrm facing companies today 6 3 Evaluation and Recommendations 3.1 provide work-life balance 7 3.2 enable global mobility 8 4 Conclusion 8...
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...Function 17 Continuous Environmental Scanning and Analysis • Interpreting and analysing changes in the environment and developing the appropriate HR policies and strategies 18 Resourcing • • • HR Planning Internal and External Staffing/recruitment Employee Orientation and Socialisation 19 Development • • • • Training of Employees Management Development Career Development Knowledge Management 20 Motivation • Job Design • Performance Management • Rewards and Compensation • Job Evaluation • Discipline 21 Maintenance/Retention • • • • Commitment Employee safety and Health Employee Relations Industrial Relations 22 Human Resource Management Functions Human Resource 1 Manageme nt Safety and Health 23 HR’s Changing Role • The metamorphosis of personnel into human resource management reflects the fact that in today’s business environment, highly trained and committed employees are often a firm’s main real sustainable competitive advantage. 24 HR’s Changing Environment • Globalization – refers to firms’ tendency to extend their sales, ownership, and/or manufacturing to new markets abroad 25 HR’s Changing Environment • Technological advances • Nature of work – service jobs – outsourcing – human capital 26 HR’s Changing Environment • Growing emphasis on “knowledge workers” and human capital • Human capital – refers to the knowledge, education, training, skills, and...
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...Assignment 1: Organizational Analysis BUS 310 – Human Resource Management Billy Okumu Stayer University November 4, 2012 Aetna insurance company was founded in 1953 in Hartford, Connecticut and is one of the nation’s leading diversified health care benefits companies serving approximately 37.2 million people (17.5 million medical members, 14.2 million dental members and 10.9 million pharmacy members, some of whom fall into more than one category (Aetna, 2012). Aetna provides benefits through employers in all 50 states, with products and services targeted specifically to small, mid-sized and large multi-site national employers, individuals, college students, part-time and hourly workers, and government employees, and the community at large. Aetna also serves individuals and Medicare and Medicaid beneficiaries in certain markets. Aetna’s 2011 revenue was $33.61 billion. Aetna’s mission, values and goals are expressed through The Aetna Way. The Aetna Way, comprising encompasses a shared sense of purpose through integrity, doing the right thing for the right reason; excellence by striving to deliver the highest quality and value possible through simple, easy and relevant solutions; caring by listening to and respecting customers and each other in order act with insight, understanding and compassion; and inspiring each other to explore ideas that can make the world a better place. Aetna’s vision is to earn the distinction, financially and by reputation, of being the preferred...
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...Chapter 1 Introduction 1. Background Strategic Human Resource Management (SHRM) has been, and remains, one of the most powerful and influential ideas to have emerged in the field of business and management during the past twenty-five years. Policy makers at government level have drawn upon the idea in order to promote ‘high performance workplaces’ and ‘human capital management’. Within business corporations, the idea that the way in which people are managed could be one of, if not the most crucial factor in the whole array of competitivenessinducing variables, has become a widely accepted proposition during this period. Many management consultancy firms – both large and small – have built substantial businesses by translating the concept into frameworks, methodologies and prescriptions. And, not least, academics have analysed, at considerable length, the meaning, significance and the evidence base for the ideas associated with SHRM. The central idea – broadly stated – is that while for much of the industrial age, ‘labour’ was treated as an unfortunate ‘cost’, it became possible to view it in an entirely different light; as an ‘asset’. Economists and accountants routinely classified labour as one the main ‘variable costs’. Accordingly, procedures and managerial systems were aligned with this view. Labour was seen as plentiful and dispensable. Little thought was given to its recruitment, little investment was made in its development...
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...The main theme of HR SHARE 2014 is “HR Change and Transformation” It has several sub-themes too. The conference is designed around themes and topics which are aligned to the various complexities that surround business. Main Theme: HR CHANGE AND TRANSFORMATION To accelerate organizational growth and be able to compete on a regional scale and beyond, human resources managers cannot simply follow the traditional paths they used to get the organization where it is today; instead, they need to transform themselves. In other words, HR practitioners need to expand their perspective and explore the world beyond the general HR attributes -- the overall business landscape, the clients as well as the competition. The various challenges facing hr are: Workforce diversity, mobility of talent, problems related to emerging world, strategic talent management etc. The transformation also poses a new challenge to the various HR practitioners that is to develop and demonstrate a new set of competencies to fulfill their changing roles and responsibilities. The implication for HR leaders is clear: HR must be capable of responding to the company's evolving human capital-related needs through the delivery of HR programs and services. What are the steps that should be taken to design intervention for this transformation? How can HR processes are being re-thought, and organizational designs are being re-drawn? The Sub themes for the conference are as follows: PRESENTATION: SUPPLY CHAIN MANAGEMENT...
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...Birmingham Business School Student ID Number: 1258841 Programme: MSc Human Resource Management Module Title: Training and Development Assignment Title: The benifits and barriers of employers adopt strtegic approach to Human Resource Development. Module Leader: Helen Rainbird Deadline: 10/12/2012 Total words (except reference): 2137 Introduction: ‘The number of countries affected, the volume of trade, and the rate of growth are far greater than in any previous phase’ (Stark, 2005). ‘Inevitably globalization is having a huge impact on the role, nature, and purpose of HRD in organizations of all sizes and sectors across the world’ (2009, David Mankin), Globalization is the characteristic of New Economy, it provide a broader opportunities to new economy development. As an organization, employers must consider a strategic process to compete with other competitors and survive under globalization underground. Organisation need ever-improving performance to survive and prosper in today’s competitive world: individual and organisational performance improvements are the keys to competitive advantages. (Raymond J.Stone 2008). A formal planning procedure and a right position in the competitive arena have been seen as the main strategic concerns of the top management. (Mikko Luoma, 2000). With the time passed from the early days of strategic management, there are some evolution has taken place in strategy (Mikko Luoma, 2000). As David Mankin mentioned in his book...
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...• Week one Question One What are five challenges facing HRM? According to Jeffrey A. Mello Strategic Human Resource Management, 2e, (Cengage Learning), Technological advancement, increasing attention to ethical behavior, Demographics and Diversity, Globalization and Employee relationship are the five challenges facing HRM today. What makes these challenges important? In technology advancement businesses need to keep up the latest and trendiest machinery to stay afloat and competitive, all organizations, be they manufacturing or service, public or private, large or small, with constant advances and work process organizations are under pressure to compete. However, the financial considerations of whether to adopt a new technology must be balanced with a number of strategic issues and, more specifically, a number of specific strategic HR issues. Implementing new machinery to an organization means investing in trainings for the employees, which if the organization does not meet the funds for this, it would be as good as not having the newest machinery to stay afloat (Jeffrey A. Mello, Cengage Learning, p. 47). Increasing attention to ethical behavior is the core value of any corporation, how an executive treats its employees and what core values are being implemented in that corporation, defines the mission and vision of that business. In today in age more individuals are doing more research about that particular organizations background, because when one is being hired this...
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