Major Challenges to Hrm and How to Respond

What are some of the major challenges to HRM in today’s market and how would the management respond to those challenges? Workplace Diversity In today fast changing economy, human resource manager need to manage on the talent that can bring more idea and perspective to organization. If the organization needs to respond to business more rapidly and creatively, human resources manager need to handle the problem or challenge of workplace diversity wisely as this can be a valuable strategic organizational assets. In opposite, if the organization fails to utilize the diversity in the workplace will cause them losing talents to competitor which make the organization weak to compete in market. The best way to respond to this challenge is to initiate Diversity Mentor Program, this program is involve all departmental manager to coach their employee and give feedback to them. To ensure this program run effectively, it is better to seek advice from expert in this field. Employee Retention One of the challenges that emerge from today HRM is keeping talented employee, HRM always concern about this problem; in fact that retaining top talent is priority in any economy especially in recession. If HRM ignore or not handle wisely, this could affect the overall organization performance and even turn it to something even worst. For example, if many talented or potential worker turnovers in that firm will put the organization in the verge of liquidation as all the production will have tremendously affect by this problem. The reason why turnover exist is because of these problem such as corporate culture, boredom, and management style. (Poskey, 2013) To solve this problem, here is the several ways that HRM can implement: * Provide suitable benefit to employee, the example is health insurance, and retirement saving plan. * Motivate worker with incentive or competition reward, with this program employee can feel interesting and exciting to their job. *