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by: Haris Iskandar

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by: Haris Iskandar

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by: Haris Iskandar

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by: Haris Iskandar

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by: Nur Sufi Sakinah Bt Mohd Ramle

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The rapidly transforming business landscape means that there are currently many human resource management challenges which will continue to evolve for years to come. Tom Marsden, Director of Professional Services at Alexander Mann Solutions said that HR departments really need to be adding real business value to their organizations. "Although the restrictions of the recession aren't over yet, companies are recognizing that they will need to take steps to retain their workforce. This could be through an increased emphasis on training and engagement programs or by investing in areas that will optimize expenditure, such as integrated technology systems or improved candidate attraction schemes. The signs are that HR departments are preparing to maximize their resources and staff as organizations look to grow."

The Evolution of HR Professionals

Coach. Counselor. Employee advocate. Business strategist. As the business world changes, so does the role of HR professionals. Since human resources is a business-driven function, effectiveness depends on a thorough understanding of the strategic corporate direction, as well as the ability to influence key policies and decisions. In addition, human resource management challenges must be defined and solutions determined in order to succeed.

Today's Top 10 Human Resource Management Challenges

Due to the fluctuating economy as well as local and global advancements, there are many changes occurring rapidly that affect HR in a wide range of issues. In the Survey of Global HR Challenges: Yesterday, Today and Tomorrow, conducted by PricewaterhouseCoopers on behalf of the World Federation of Personnel Management Associations (WFPMA), several challenges for human resource management were revealed. This survey, which concluded that "despite national and regional differences, there was remarkable unanimity," disclosed the following top 10 human resource management challenges:

Taking a Closer Look at the Top 3 Human Resource Management Challenges

1. Change Management

Since this is generally not a focal point for HR professional training and development, change management represents a particular challenge for personnel management. The WFPMA finds that "This may also be the reason why it is cited as the foremost issue as HR continues to attempt to help businesses move forward. An intensified focus on training may be needed to develop added competencies to deal with change management."

2. Leadership Development

As the second of the biggest challenges for human resource management, leadership development needs to be a critical strategic initiative. HR professionals are faced with being expected to provide the essential structures, processes, tools, and points of view to make the best selection and develop the future leaders of the organization. The WFPMA reports that, "Across the globe leadership development has been identified as a critical strategic initiative in ensuring that the right employees are retained, that the culture of the organization supports performance from within to gain market position, and that managers are equipped to take on leadership roles of the future so that the organization is viable in the long term."

3. HR Effectiveness Measurement

How can improvement happen without the right tools to measure HR effectiveness? As with many other areas of business, this profession also needs to be able to measure results in terms of transaction management, as well as in terms of the positive influence on business. "Utilizing metrics to determine effectiveness is the beginning of a shift from perceiving HR's role as purely an administrative function to viewing the HR team as a true strategic partner within the organization," the WFPMA says. "In fact, the next section reports that survey participants believe a critical future issue for HR will be organizational effectiveness - again supporting HR's critical role as a strategic partner to management."

This world federation also notes that, "Where HR departments have traditionally focused on measuring their own effectiveness, there is an evolving recognition that they can provide organizational value by measuring the effectiveness of the entire business organization. The shift is significant as it represents movement from simply counting the numbers hired to determining the ROI of collective and individual hires on a long-term basis. Going beyond measuring turnover, this new approach considers 'bad' turnover and 'good' turnover along with the overall cost of replacement hires."

The Numbers Speak Volumes

When you start looking at the numbers, you realize the significant impact of trends and challenges in human resource management. There are many variables that influence human resource management. To give you a glimpse at some of the upcoming changes, the HR Leadership Council has released the following statistics:

One in four high potentials plans to leave their organization in the next year

By effectively developing employees, managers can be better coaches and improve performance by up to 25%

Three out of five organizations have either restructured or plan to restructure within the next six months

Recent declines in employee engagement further decreased overall productivity by 3 to 5%

Leaders with strong people development skills are 50% more likely to outperform revenue expectations

Delivering on critical onboarding activities boosts new hire performance by 11.3%

77% of midsized companies use (or plan to use) wellness to reduce costs

46% of midsized-company CFOs anticipate a merger or acquisition in less than six months

Expand Your Skills and Enhance Your Expertise

To meet or exceed all of these human resource management challenges, you'll need proven tools and strategies. One of the best ways to gain the necessary expertise is by earning your Master of Science in Human Resource Development entirely online. In Villanova's online HR master's degree program, you'll learn how to:

Implement strategic organizational change for increased quality, productivity and employee satisfaction

Construct an effective training program

Design a compensation system that motivates employees

Structure benefit packages and measure their success

Identify principles for developing, utilizing and conserving human resources

Use data and statistics to make informed business decisions

Leverage technology to enhance the contributions of the human resource function to an organization

Develop financial management and budgetary skills

As a student in Villanova University's HR master's degree program, you'll gain advanced knowledge in core human resource competencies, with a focus on developmental, strategic and global issues. Engaging online courses in a video-based e-learning environment will empower you with the latest tools, proven processes and best practices across a range of key topics, including organizational change, human resource planning, compensation, international human resources, organizational training and project management for HR professionals.

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Human Resource Management Challenges | HR Challenges

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The rapidly transforming business landscape means that there are currently many human resource management challenges which will continue to evolve for years to come. Tom Marsden, Director of Professional Services at Alexander Mann Solutions said that HR departments really need to be adding real business value to their organizations.

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Now in its fourth edition, Human Resource Management provides a comprehensive introduction to the key issues shaping HRM today. The book explores the complex relationships between HRM and a range of other organizational functions and encompasses the business, public and voluntary sectors.

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by: Nur Sufi Sakinah Bt Mohd Ramle

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Why Successful Entrepreneurs Are Effective Delegators

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Internal environment and external environment

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Internal environment and external environment

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by-Nur Sufi Sakinah Bt Mohd Ramle

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by: Saharuddin Bin Muh Tahan

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by: Saharuddin Bin Muh Tahan

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by: Saharuddin Bin Muh Tahan

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by: Saharuddin Bin Muh Tahan

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by: Saharuddin Bin Muh Taha

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by: Saharuddin Bin Muh Tahan

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COMPONENT IN INTERNAL AND EXTERNAL ENVIRONMENT

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COMPONENT IN INTERNAL AND EXTERNAL ENVIRONMENT

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by: Saharuddin Bin Muh Tahan

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by: Saharuddin Bin Muh Tahan

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by: Saharuddin Bin Muh T

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by: Saharuddin Bin Muh Tahan

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Read human resources articles and hr news to keep up with up-to-date human resources information on HR Exchange Network. Explore and learn more about human resources related topics today!

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by: Rahmayati Abbas

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Read human resources articles and hr news to keep up with up-to-date human resources information on HR Exchange Network. Explore and learn more about human resources related topics today!

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by: Rahmayati Abbas

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by: Rahmayati Abbas

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Episode 159: Introduction to Human Resource Management

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Go Premium for only $9.99 a year and access exclusive ad-free videos from Alanis Business Academy.

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by: Rahmayati Abbas

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by: Nur Syuhada Hussin

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by: Nur Syuhada Hussin

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Entrepreneurs - Risk Takers

Meet Eddie. He's an entrepreneur, which is a person who starts a business. Eddie recently graduated from college with a degree in computer programming and has developed an app that he believes will make him a small fortune. So, instead of working nine to five for a software company in Silicon Valley, he decides to start his own. He wants to challenge himself and work the way he wants to without answering to a boss. He's using a small inheritance to fund the start-up. As an entrepreneur, Eddie is not only starting a business, but is risking his personal wealth to establish it.

Eddie is also trying to convince some friends from school to form an entrepreneurial team with him. An entrepreneurial team is a group of people that help spread out the risk of the new venture and also bring in different talents and skill sets to it. Eddie has a friend who majored in accounting and another who majored in marketing. He's hoping they may come along with him and bring their skills and some cash. If he can build the right team, he can create a synergy, where the group can achieve more together than they can apart.

Examples of Entrepreneurs

Eddie hopes that his entrepreneurial gamble will pay off as well as the gambles of other well-known entrepreneurs, such as:

Bill Gates, founder of Microsoft. There are probably not many people that have not been touched by one of his products, such as Microsoft Windows, Microsoft Office and Internet Explorer.

Steve Jobs, co-founder of Apple computers, which produces Macs, iPods and iPhones, as well as Apple TV.

Mark Zuckerberg, the founder of Facebook.

Pierre Omidyar, founder of eBay.

Arianna Huffington, founder of the Huffington Post, a well-known online news site.

Caterina Fake, co-founder of Flikr, which hosts images and videos on the Internet.

Characteristics & Skills

Entrepreneurs are like gamblers, and like any gambler, their chances of winning increase if they have the right cards. Let's look at some characteristics and skills that help an entrepreneur succeed.

A tolerance for risk-taking is a necessary attribute for entrepreneurs. You can think of risk-taking as pursuing an activity even if there is a chance of a negative consequence. Starting a business is risky, and even more so when you're using your own money. Sometimes you can spread the risk by convincing investors to come along on your new venture or by forming an entrepreneurial team, like Eddie is trying to do. But, at the end of the day, you can't avoid risk if you are going to start a new business and innovate.

Entrepreneurs also need creativity. Think about Steve Jobs and Mark Zuckerberg; these two entrepreneurs brought innovative products to the market that changed the way we live. Successful entrepreneurs innovate in one of two ways. They can bring an entirely new product or service to the market, like the first cellular phone. On the other hand, they can radically improve upon something in a dramatic way, just like the iPhone changed the world of smart phones.

Initiative is also required. Entrepreneurs lead. If you are not willing to start without being pushed, your new business will never get off the ground. For example, Eddie had an idea fresh out of college and took the initiative to start his business venture. No one had to convince him to act; he just acted.

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characteristics & examples - video & lesson transcript | study.com

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What is an Entrepreneur? - Definition, Characteristics & Examples - Video & Lesson Transcript | Study.com

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Meet Eddie. He's an entrepreneur, which is a person who starts a business. Eddie recently graduated from college with a degree in computer programming and has developed an app that he believes will make him a small fortune. So, instead of working nine to five for a software company in Silicon Valley, he decides to start his own.

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by: Rahmayati Abbas

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by: Nur Syuhada Hussin

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by: Nur Syuhada Hussin

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Functions of Human Resource Management HRM

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An animated timeline of the history of HR

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Did you know that the eight hour work shift had its origins in India? Or that Maternity benefit was first introduced by Tata Steel? Watch this animated video to find out more about the evolution of HR and its key milestones.

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importance of human resource management 

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importance of human resource management 

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by: Sabrih Rosland

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    Human Resource Management
  

      
    
  

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by: Nur Syuhada Hussin

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ethical issues and code of conduct related to human resource management 

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ethical issues and code of conduct related to human resource management 

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by: Sabrih Rosland

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    Entrepreneur - Best Motivational Video for Entrepreneurs
  

      
    
  

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    Entrepreneur - Best Motivational Video for Entrepreneurs
  

      
    
  

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by: Rahmayati Abbas

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Entrepreneur - Best Motivational Video for Entrepreneurs

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The Power of Entrepreneurship (Video Produced by Intel)

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The Power of Entrepreneurship (Video Produced by Intel)

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by: Rahmayati Abbas

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The Power of Entrepreneurship (Video Produced by Intel)

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Very inspiring video on entrepreneurship produced by Intel. Manav Subodh, Global Manager of Entrepreneurship and Innovation, Intel took the initiative to produce the film.

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by: Rahmayati Abbas

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Tools for Entrepreneurs: Designing Persuasive Presentations

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http://www.google.com/entrepreneurs/onlinelearning/ Google for Entrepreneurs and General Assembly have partnered up to create "Tools for Entrepreneurs," video classes for entrepreneurs to grow their skills and grow their businesses. -- Whether you're speaking to your board of directors, pitching a product to a group of strangers, or walking through your portfolio in an interview, your presentation must be designed to persuade a specific audience.