Title: MANAGEMENT: CURRENT PRACTICES AND NEW Area: HUMAN RESOURCE MANAGEMENT Presenting Author: Prof. Bhavesh B. Pandya. Institute of Business Management and Research (IBMR)‚ Near Asia School‚ Drive-in Road‚ Ahmedabad. E-mail: prof.pandya@yahoo.co.in‚ pandyabhavesh2000@yahoo.com. Theme: The prime objective of HRM is to have highly committed‚ talented‚ and happy workers in organization. There is shifting change in the importance of basic input that requires in business activity. Four
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02 Company Logo 03 Strategic Planning 04 HR Planning Process 05 External Analysis 06 Internal Analysis 07 Mission‚ Vision‚ and Values Strategy Formulation 09 Strategy Implementation 10 Evaluation 11 08 EXCELLENCE IN ALL THAT WE DO! STRATEGIC PLANNING Strategic planning supports the direction a company wants to take. This relates to the organization’s vision‚ mission and its strategic objectives. Human resource planning is integrated with strategic planning through the acquisition of employees
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The Impact of Globalization on Human Resource Management Globalization refers to the interconnection among countries‚ politically‚ economically and culturally. Globalization has come into existence due to the following factors: (i) betterment in transportation and communication‚ (ii) human and capital mobility‚ (iii) increasing formation and existence of NGOs and multinational corporations. Betterment and improved technology in transportation and communication across the globe has significantly
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Human resource planning is the process by which the management ensures that the right number of people with the right skills is available at the right time‚ in the right job‚ in order to help the organization achieve its objectives. In other words‚ human resource planning is all about finding out in advance how many workers are needed to perform the tasks‚ how many employees with the required skills are available within and outside the organization and how is it possible to fulfil the staffing needs
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External Environment When most people think of Human Resource Planning‚ the first thing that usually comes to mind is the internal environment of the organization. There is‚ however; the external environment which is just as important. The external environment consists of governmental policies‚ condition of the economy‚ demographics‚ technology‚ international influences‚ competitors‚ and a changing labor force (Greer‚ Peters & Youngblood‚ 1998). Neglecting the external environment can have devastating
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Effects of Technological Developments on Globalization Process: Technological developments are conceived as the main facilitator and driving force of most of the globalization processes. Before elaborating on the consequences of several technological developments‚ we must go through the definition of technology as a sociological term‚ so that we can further explore the social and political role of technology in the globalization process. Technology can be defined as the socialized knowledge of
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strategic HR planning The overall purpose of strategic HR planning is to: • Ensure adequate human resources to meet the strategic goals and operational plans of your organization - the right people with the right skills at the right time • Keep up with social‚ economic‚ legislative and technological trends that impact on human resources in your area and in the sector • Remain flexible so that your organization can manage change if the future is different than anticipated Strategic HR planning predicts
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as an integrated and independent world economy‚ has contributed to the rapid expansion of international trade and world’s economic growth (Paik & Vance‚ 2006; Mutsuddi‚ 2012). The increase presence of global firms is shifting domestic HR towards global HR in addition to carry out a wider span of HR responsibilities (Losey‚ Meisinger & Ulrich‚ 2005; Rao‚ 2010; Jie‚ 2011; Mutsuddi‚ 2012). The generation of cross-border labour market also had brought human resource management into an international
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HR challenges: global perspective Corporates across the world are changing. They are changing faster than ever before. During the last one and half a decade such changes have assumed a huge proportion and almost all the functions in the corporates have been swamped by such changes. HR is no exception. Traditionally‚ HR has always been considered as a support function in the business and continued to play this role for a long time. Naturally‚ questions which were raised about this kind of
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The Major HR Management Subsystems in Organizations Today There are several ways to conceptualize the structure and means for organizing the HR system in an organization. The first‚ and perhaps most familiar‚ is the functional method (Rothwell‚ Prescott‚ & Taylor‚ 1998). In this approach‚ HR management is organized into units such as employee relations‚ training‚ compensation and benefits‚ and payroll. Each is considered a function because it bears specific responsibilities for the organization
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