Current Trends And Practices In Contemporary HR Management

Answer 1: Purpose of Strategic HR Planning

The report helps in analyzing as well as identification of the different current trends, issues as well as practices in the contemporary human resource management. The entire purpose of the strategic HR planning has to be identified as this will help in understanding the different trends in the human resource management that is contemporary in nature.

The main aim and purpose of the report is to analyze the current issues in the human resource management that are faced by the different business entities. The proper analysis has to be done for the identification of the practices related to human resource management that will help in enhancing the entire sustainability of the business. The proper identification of the principles on the stakeholder relationship management on which the entire company will be based on and the strategies has to be identified as well to achieve the different principles.  

The structure of the report includes the identification of the current trends and the purpose of the contemporary human resource management. The new practices of the human resource management have to be identified as this will help in understanding the benefits of the practices in the organizations as well. Lastly, the principles of the stakeholder relationship management has to be identified along with the strategies relating to the stakeholder relation has to be achieved with the performance indicators.

Answer 1

The overall purpose of the strategic HR planning is as follows:

• To ensure ample human resources in order to meet the operational plans as well as strategic goals of the organization
• To ensure that the right people has to be placed in the right place with the right skills as this will help in making the right usage of the resources and time
• To properly cope with the changes that are related with the external factors related to the environment
• To proper analyze the manpower needs as this will helps in ensuring that the employees are available to provide proper smooth function of the different organizations.

Answer 2

The two current trends in the contemporary human resource management are as follows:

• Workforce Diversity
• Corporate Downsizing

1. a)The details of the two trends are as follows:

The workforce diversity was homogenous in nature in the past years and the human resource management was simpler in nature as well. However, the workforce in the today’s scenario includes different age, gender, values, and characteristics of the personality within the organization (Armstrong & Taylor, 2014). The proper diversity is linked with the strategic direction of the entire organization. With the help of flourishing diversity, the benefits that are potential in nature from better decision making and creativity can be achieved in order to increase the competitiveness of the organization (Jackson, Schuler & Jiang, 2014).

The human resource management must properly train individuals of different age groups to properly manage as well as deal with one another and this will include respecting the diversity of the different views that is offered. In this kind of situations, a participative approach has to be followed that will help in making the work easier in the entire organization.

Answer 2: Current Trends in HR Management

When the entire company attempts to reduce the number of employees in the organization, it is meant that the company is attempting to create proper efficiency as well. The main motive of downsizing is to properly reduce the number of different workers who are employed in the company. The role of the human resource department is important and essential in downsizing and it is the entire responsibility of the human resource department to generate proper communication among the employees as this will help in minimizing the effects of rumors.

This will help in ensuring that the individuals in the organization have to be properly informed about the different factual data and the department of HR has an essential role in downsizing the different discussions. This is known as corporate downsizing in the organization.

b) Two advantages of Workforce diversity

• Increase in the creativitycan be achieved in the workplace when the individuals of different cultures meet together and perform the work effectively in nature and this will be creative in nature as well (Kehoe & Wright, 2013).
• Increase in the productivitycan be achieved with the help of internationalization as well as globalization as these are the gifts of the workplace and the diversity can be achieved with proper implementation of such strategies.

Two disadvantages of Workforce diversity

• Issues in communication can arise wherein the diversity in the workforce can directly impact the productivity of the organization due to lack of cohesiveness. The different culture of employees who are working together in the organization has to be properly mixed as this will help in improving the diversity of the organization.
• Increase in competitionis good in the workplace as this will help in increasing the productivity of the entire organization. But the problem occurs when the employees of the organization do not accept the other culture employees and they compete against one another. These are the employees who do not work like a collaborative team and this can have huge impact on the entire organization.

Two advantages of corporate downsizing

• Affects bottom line as the downsizing helps in reducing the entire burden on the financial aspects and this will indirectly impact the bottom line. For example- when there is reduction in the level of manpower, it will directly or indirectly affect the production and this may increase the efficiency as well.
• Affects decision making wherein removing the employees can impact the process of decision making in the organization. Proper decision making is essential as this will help in generating proper productivity

Two disadvantages of corporate downsizing

• Bringing transparency is required to make different results transparent in nature for different employees and this will help in bringing proper transparency within group as well as team. The production can be displayed by the organization in the form of pie charts for the different achievements in that particular month (Zhong, Wayne & Liden, 2016).
• Proper strengthening of relationswherein the downsizing of employees in the organization can take different measures to reduce the working hours. This can even impact the workers who would leave the organization along with the employees who will be staying in the organization can help in strengthening the loyalty between employees and employer.

c) Two benefits to future of business entity by implementation of the trends are as follows:

• The diversity in the workplace is essentialin nature as this will help in increasing the productivity as well as creativity in the workplace. Proper diversity is essential at the workplace as this will help the company in gaining proper competitive advantageas well (Marler & Fisher, 2013).
• The downsizing of employees in the organizationcan help in increasing the moraleof the employees and this will be possible by the higher officials in the company who will make the employees aware that they are not been terminated due to the quality of the work that is delivered by them. The employees who are retained have to be properly motivated with providing them effective support from the company.

d) Steps in strategically implementing the trends in the business entity are as follows:

• The workforce diversity is essential in the businessas this will help in improving the overall sustainability of the business.  This will help in manifesting itself in building proper reputation for the entire organization (Laudon & Laudon, 2016). This will increase the profitability as well as increase the different opportunities of the workers as well
• The downsizing is essential at the workplaceas this will help in being more transparent to the different staffs and understand the different difficulties that are faced by the employees as well (Aswathappa, 2013). The issues have to be properly solved by the employees wherein this will help in help in reducing the different challenges that are faced by the employees and motivate the employees who are potential in nature (Chen et al., 2014).

Answer 3

Two issues in Human Resource Management

• Focus on engagement of employeeswherein the employees are hopping from one job to another and they do not stick to one company and retire from the same organization as well. This is a huge challenge for the HR managers and the issue can be solved by providing the employees the best perks in the entire industry and keep them happy as they are the important assets of the company (Knies et al., 2015).
• Request for flexibility in workplace is essential at the workplace as the employees in the workplace need proper flexibility that is required in addressing the different concerns and this will help in increasing the different options for leave as well (Mostafa, Gould?Williams & Bottomley, 2015).

a) Root causes of each issue

• The root cause of the engagement of employeesin the organization is relating to that in the present scenario employees do not stick to one another and this will have huge impact on the entire organization (Kramar, 2014). This will be a huge trouble for the entire company along with the employees as there will be no permanent employees in the organization ( Sparrow, Brewster & Chung, 2016)
• The root cause of flexibility in the workplaceis that the in the present scenario, there are employees in the organization who prefer working in a peaceful environment and they do not like working in an environment where there is no flexibility (Park & Shaw, 2013). However, the organizations are the ones which do not provide such kind of environment and this is not accepted by the employees as well (Paillé et al., 2014).

b) Steps in resolving issues within business entity

• The organization need to provide proper flexible environment to the individualsat the workplace as this will help them in working peacefully in the workplace. The employees need to keep a track about the issues that are faced by them and their grievances can be solved with implementation of strategies (Anitha, 2014)
• Proper motivation has to be provided to the employeesin the workplace as this will help in retaining the employees and making them engaged in the organization as well. The proper engagement of employees is necessary and it is required to properly implement activities such as providing incentives or providing those monetary benefits to gain confidence among the employees (Peppard & Ward, 2016).

Answer 4

Different human resource practices

• Performance management
• Retention of employees

a)

• The performance managementis essential at the workplace as this will help in strengthening the employee and employer relationship. Proper feedback has to be provided to the employees as this will help in improving the entire performance and this will help in achieving the objectives of the organization as well (Brewster et al., 2016).
• Proper retention of employeesis essential as well as this will help in retaining the employees who are the valuable assets of the company. Furthermore, benefits that is focusing on the offering of retention to the employees is essential as well as this will help in improving the job satisfaction techniques of the different employees (Shields et al., 2015)

b) Advantages of Performance Management

• It will strengthen the relation of employer and employees
• Increase the revenue and profit of the company

Disadvantages of Performance Management

• It is lengthy and complex in nature
• Different employees can suffer from low self esteem and efficacy

Advantages of Retention of Employees

• Increase the morale of employees by providing incentives
• It helps in creating positive working environment (Storey, 2014)

Disadvantages of Retention of Employees

• Bad working atmosphere in the workplace
• Groupism in the workplace

c) Benefits of the Practices to Business Entity

• The retention of employees in the organization can improve the revenue as well as rate of profit in the entire organization. This will help in providing both monetary as well as non monetary benefits to the employees as well. Furthermore, the employees who do not work properly has to be terminated as this can create groupism in the workplace
• Proper performance management in the organization is essential in nature as this will help the entire organization to increase their profit of the company. This will help in strengthening the employer and employee relationship

d)

The performance management technique can be implemented in the business entity by measuring the different performances of the employees as this will provide proper understanding about the issues that are faced by them. The performance management in the employees in the respective organization can be performed by motivating the employees and providing them both monetary and non monetary incentives.

On the other hand, the employees can be retained in the organization by improving the quality of the work that is performed at the workplace. The employees who are retained in the organization have to be rewarded and make them understand their performance has been up to the mark and this is the reason they were not terminated. This will help in improving the morale of the employees in the organization.  

Answer 5

1. a) Two principles on stakeholder relationship management within which business entity is based are as follows:

• Proper communication is essential in nature as this will help in maintaining proper relationship with the different employees as well as among the stakeholders of the organization.
• Proper planning is essential in the workplace as this will provide proper view on the organizational commitments and this will help in performing the different tasks systematically.

1. b) Two stakeholder relationship strategies

• Engagement strategy is essential in the nature in the business entity as this will help in help in achieving the principles of the stakeholder relationship management. This engagement strategy will help the stakeholders of the respective organization to address the different issues and strengthen the relationship of the stakeholders with the organization as well.
• Mapping of stakeholders is essential as well in the organization as this will help in understanding about the key stakeholders as well as the relationship of the stakeholders with the company. Proper matrix has to be created that will be based on the interest as well as influence matrix as this will enhance the level of interest and influence on such basis.

c) Two objectives that has to be achieved including the indicators of performance

• Increased customer satisfaction is one of the objectives that include satisfaction that is required to be provided to the customers and this will help in understanding the stakeholder relationship management.
• Cost reduction is essential as well by improving the revenues as well as increase in the amount of profit in the entire company. This will help in making the company understand the stakeholder relationship management that is required for making the performance better in nature.

Conclusion

Therefore, it can be concluded that proper strategic human resource planning is essential in nature as it helped in analyzing the different current trends in the contemporary human resource management and the advantages as well as disadvantages has been described as well. The proper practices related to strategic human resource management helped in understanding the different benefits provided to the organization.  Proper plan has been prepared as well as this helped in analyzing the different issues that are faced by the business entity as well. Proper principles related to the stakeholder relationship management has been implemented as this helped in achieving the different objectives that has to be achieved by the entire organization as well.

Answer 3: Issues in HR Management

References

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