The current Business and Economic environment can be said to present some critical challenges to HR Managers.
Discuss what you think these challenges might be and explain how in your opinion strategies can be established to overcome these challenges.
In this essay, the critical challenges created from the business and economic environment will be analysed and applied to HR managers. In order to analyse the challenges the recruitment process will need to be considered and areas like shortlisting and interview stages will be examined. Before concluding the essay, strategies to overcome the challenges for example, man power planning will be taken into account to show how HR managers can finally accept a suitable applicant to their business. Some of the challenges that will be looked at in this essay are the recession and how it has affected human resource management, legal changes and regulations for example, the equality act 2010 and the most important challenge which is recruitment. Finally, there will be a conclusion which will summarise the main body of the essay, including all the challenges and which is most important as well as the best strategies HRM can use to overcome the challenges.
Human resource management (HRM) is the function within an organisation which focuses on the recruitment and management of the people in the workplace or potentially becoming part of the organisation (Heathfield, 2011). The role of HRM was introduced in the 18th century and was needed in order to decide what jobs are required in the organisation and then use the recruitment process to select the most feasible person to suit the job. The roles of HRM are organisation, performance management, HR development, reward management, employee relations and HR administration and employment (See appendix 1).
Recruitment is the process in which a company comes to the conclusion that there is a job vacancy and then go about to employ a suitable member to
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