Future Trends of HR Essay example

Submitted By ThorStorm
Words: 513
Pages: 3
Open Document
Future Trends of HR

Considering the many stressors and factors effecting human resources and the workforce today, the future trends of human resources must be assessed. One of the largest dilemmas facing the workforce today is the generational differences between the current workforce and the newly hired. Presently, the baby boomer generation is of retirement age which leaves the workforce lacking of skilled labor and knowledge. Reports have shown an estimated 70 million baby boomers will soon retire from the workforce while only 40 million will enter leaving an extreme deficit in the workforce (“The Present & Future,” 2006). Therefore, stress factors affecting the labor market to compensate for this loss are increased work hours, greater workloads, and less pay increases.
A current problem facing human resources in organizations is an increased turnover rate. Employees are looking for better work conditions and an increase in monetary compensation. Evaluating these conditions, future trends in HR illustrate a need for talented and experienced skilled labor and the workforce exemplifies a lack of qualified applicants. Organizations are looking at a higher cost for recruiting, training, and hiring. HR planning is imperative to future trends of human resources to include, but not limited to globalization, outsourcing, and technology. Globalization is the logistics that foster economic growth across geographical borders. Major US organizations have manufacturing companies in foreign countries as a means of producing goods at a lower cost and greater quantity. Outsourcing is contractual work performed by an outside company for work to be performed within the organization. Technology encompasses consistency of constant change. One of the best examples of technology and its constant change is the internet. Many employers are using the internet as a way to recruit employees. This can be time consuming and costly, but may offer relief when it comes to the interviewing process of qualified applicants.
Outsourced recruiters in organizations can provide time management for HR personnel to deal with other issues in human resources. Outsourced recruiters can increase the speed of hiring and examine more qualified applicants through the use of technology.
Show More

Related Documents: Future Trends of HR Essay example

hr trends week 5 Essay

Human Resource Trends Heather Grimminger HCS 341 April 6, 2015 Dr. James Kinneer Human Resource Trends Health care changes constantly and because of this healthcare human resources must change to meet the trends as well. Many of the upcoming changes involve helping organizations make the most out of today’s technological advances. Human resources are being relied on more and more to be “business partners and strategic thinkers who make decisions to move the company forward.” (Ramjee, 2015) Human…

Words 438 - Pages 2

Human Resource Essay

The stock answer to the question of what the future of the human resources profession will be like is as vague as it is unlovely: "Being more strategic". Broadly interpreted, this figurative description means less of a concentration on traditional "administrative" fiefdoms - areas such as succession planning, reward, recruitment, employee relations, and so on - and more emphasis on how the management and development of people can be used to build competitive advantage. According to Dave Ulrich…

Words 1721 - Pages 7

Evolving Future of Human Resource Management Essay

Evolving future of human resource practice Research Analysis Paper As newer generations begin to fill management roles at companies, evolving HR practices are positioning HR professionals on the pulse of industry trends–helping them to focus on the idea that employee performance is part of an ongoing evaluation. This evaluation, many experts argue, should be focused on the future and on inspiring people towards demonstrating new ways of attaining goals set by the company. HR consultants…

Words 966 - Pages 4

strategic HR planning - Stonewall cas Essays

There is a challenge in HR planning to prepare for those boomers’ retirement and make plans to ensure that their replacements will be adequately trained. Labor environment such as labour market trend and labour relations also impacts Stonewall’s HR planning. Stonewall has its operation scattered over several provinces of Canada, hence it needs to consider the availability of the talent…

Words 2298 - Pages 10

Joutnal Set Essay

From this topic, I learned a new word “opt-put revolution”, it means a trend that large numbers of highly qualified women dropping out of mainstream careers. It shows nearly 40% of high qualified women have taken off-ramps, and the majority of women off-ramps to attend to responsibilities at home, and women who return to the workforce after time out earn significantly less than their peers who remained in their jobs. As a HR, we have an obligation to worry about and do something about the challenges…

Words 1128 - Pages 5

Essay about LO2 HR Management

assignment is designed to help me develop the knowledge, understanding and skills required in the role of Human Resource Manager in the Beauty industry. I am going to research and discuss the definition of what HR planning is and its purpose and I will outline the stages involved in HR planning. I am also going to compare the recruitment and selection process in two different organisations. To do this the Beauty therapists and Hairdressers in the class will be split into two groups and will work…

Words 1671 - Pages 7

Labour Economics and British Airways Essay

Page 1 Trends in the Graduate market Page 1-2 Prediction for Graduates in 2013 Page 2 PEST:- Economic Page 2 Socio-cultural Page 2 Technological Page 3 Ethical Page 3 The role of HR professionals Page 3 Gender balance in human resources Page 3-4 Skills you need in HR Page…

Words 2452 - Pages 10

The Definition of Human Resource Management Essay

is the HR department checks the performance of the employee. Based on these appraisal future promotions, incentives, increments in salary are decided. Motivation, Welfare, Health and Safety Motivation becomes important to sustain the number of employees in the company. It is the job of the HR department to look into the different methods of motivation. Apart from this certain health and safety regulations have to be followed for the benefits of the employees. This is also handled by the HR department…

Words 956 - Pages 4

The Importance Of Human Resource Management

effective HR which can be formed as a basis of high performance work system. Therefore, HRM is important for organisation to be at advantage in a competitive environment. 3. The major challenge of HRM Recently, Society for Human Resource Management (SHRM) conducted a survey to identify the major challenges that human resource (HR) professionals think will surface in 10 years’ time (November 2012). From the findings, SHRM managed to identify some of the key challenges that the upcoming HR professionals…

Words 1129 - Pages 5

HR Management test questions Essay

HR Management test questions 1. Describe the employment-at-will doctrine. - This is a common-law doctrine stating that employers have the right to hire, fire, demote, or promote whomever they choose, unless there is a law or a contract to the contrary. 2. List four major laws enacted since 1960 that directly impact the Human Resources function. Briefly describe each. - Family and Medical Leave Act – Allows eligible employees to take up to 12 weeks of leave for their serious health conditions…

Words 859 - Pages 4