Warning: preg_replace(): Empty regular expression in [path]/showthread.php on line 2381

Warning: preg_replace(): Empty regular expression in [path]/showthread.php on line 2381

Warning: preg_replace(): Empty regular expression in [path]/showthread.php on line 2381
4 Different Ways Market Demands Will Change HR Business? - CiteHR

No Tags Found!

SH

Shai89308

Executive Hr

AS

Ammu Shanvi

Human Resource

GS

G SHASHI KRISHNA

Senior Manager - Hr

AH

Aizant HR

Human Resources

MA

MARSHAL

Safety Officer

AK

Anish Katoch

Hr Executive

PR

PranjalR

Hr Recruiter

AP

Alka Pal

Hr Executive

Karthikeyan8195

Management Consultant

MK

Mohit Kumar Puri

Head Marketing

AU

Austex

Accounts Manager


No_Fear
Hi all
I need 4 different ways market demands will change the way HR department will do business.
Also I need to know 4 indicators that can be used to predict the future market and supply trends and how they will affect HR management

From United Arab Emirates, Dubai
Debraj Ghosh
I will try 4 different ways the market will change HRM:
1. A keener look will be taken at judging competencies. It will be important
-- you know, right man for the right job.
2. Traditional thoughts will find a pride of place in policy-making: pride
against market globalization.
3. Lesser dependance on manpower: automation/IT will be resorted to in
a greater way to ease problems in people management.
4. Outsourcing of several core HR and allied functions (like facilities
management etc.) to help create en fin virtual organizations.
I might be wrong; it was an exercise of my imagination (Mick Cope says imagination is intelligence having fun. www.mickcope.com)
Regards,
Debraj.

From India, Calcutta
leolingham2000
257

THIS IS A MACRO APPROACH.

WHILE APPLYING IN PRACTICE, YOU SHOULD USE

MICRO DATA AND REAL LIFE SITUATIONS.

AS a broad guideline, the Human Resource Market is affected by

1.Participation in the labor force

-employed, those in paid jobs.

-unemployed, those looking for jobs.

FOR INDICATORS, LOOK AT THE NATIONAL ECONOMIC

INDICATORS, WHERE THE INDICES ARE PUBLISHED

---------------------------------------------------------------------------------------

2.Supply , the demographic

-population growth [ growth rate]

-male / female breakdown

-education growth rate

FOR INDICATORS, LOOK AT THE NATIONAL ECONOMIC

INDICATORS, WHERE THE INDICES ARE PUBLISHED

---------------------------------------------------------------------------------------

3. Demand

-growth rate in the economy [ GDP figures]

-industrial / business services/other service sectors growth rate

FOR INDICATORS, LOOK AT THE NATIONAL ECONOMIC

INDICATORS, WHERE THE INDICES ARE PUBLISHED

---------------------------------------------------------------------------------------

4. OTHERS

-change in technolgy introduction rate

-productivity improvements

-change in skill requirements.

FOR INDICATORS, LOOK AT THE NATIONAL ECONOMIC

INDICATORS, WHERE THE INDICES ARE PUBLISHED

---------------------------------------------------------------------------------------

All the above listed factors / changes within them will

affect the HR MARKET, in any one or more than one

KEY RESULT AREAS.

This will call for strategic changes of the HR direction.

KRA 1 Recruitment / Selection

KRA 2 Workforce Planning and Diversity

KRA 3 Performance Management

KRA 4 Reward Management

KRA 5 Workplace Management and Relations

KRA 6 A Safe and Healthy Workplace

KRA 7 Building Capabilities and Organisational Learning

KRA 8 Effective HR Management Systems, Support and Monitoring

=================================================

EXAMPLE 1

1. The general economy is growing at 8% and the BPO

business service sector is growing at 35% ,

this means there will be significant demand for trained

staff and perhaps short supply.

The KRAs affected will be

KRA 1 Recruitment / Selection

-speedy / smart selection

KRA 4 Reward Management

-market oriented rewards

KRA 5 Workplace Management and Relations

-motivational programs



KRA 7 Building Capabilities and Organisational Learning

-multiskilling

=================================================

EXAMPLE 2

2. The economy is in recession.

This means there will be surplus supply of staff and

lower demand for staff.

The KRAs affected will be

KRA 2 Workforce Planning

-effective HR planning

KRA 3 Performance Management

-effective performance appraisals

KRA 5 Workplace Management and Relations

-motivational programs

KRA 8 Effective HR Management Systems, Support and Monitoring

-effective use of HRIS systems to monitor .

==============================================

EXAMPLE 3

The introduction of of new technology.

This means there will shortage of knowledge/ skills.

The KRAs affected will be

KRA 1 Recruitment / Selection

-new tech. recruits

KRA 2 Workforce Planning and Diversity

-strategic hr planning.

KRA 3 Performance Management

-new criteria for PM

KRA 4 Reward Management

-revised rewards system

KRA 7 Building Capabilities and Organisational Learning

-new knowledge training

=================================================

EXAMPLE 4

DEMAND FOR PRODUCTIVITY IMPROVEMENTS/GLOBALIZATION

PROGRAMS .

This means demand for changes in business skills.

The KRAs affected will be

KRA 1 Recruitment / Selection

-change in recruitment policies

KRA 2 Workforce Planning and Diversity

-change in workforce structure

KRA 3 Performance Management

-change in performance criteria

KRA 4 Reward Management

-performance based rewards

KRA 5 Workplace Management and Relations

-effective supervision/ people management skills



KRA 7 Building Capabilities and Organisational Learning

-more training of staff / middle management

KRA 8 Effective HR Management Systems, Support and Monitoring

-effective HRIS systems to monitor.

=================================================

HOPE THIS IS USEFUL TO YOU.

REGARDS

LEO LINGHAM

From India, Mumbai
Find answers from people who have previously dealt with business and work issues similar to yours - Please Register and Log In to CiteHR and post your query.




About Us Advertise Contact Us Testimonials
Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2024 CiteHR ®

All Copyright And Trademarks in Posts Held By Respective Owners.