[01] Introduction of New HRM Trends

 Human Resource Management in Transition 

Successful corporate leaders understand that their employees provide them a competitive edge in today's market. They also agree that few companies have effective human resource management practices, mostly because traditional management concepts are inappropriate in today's dynamic workplace.

Industry does not require specialists because management and employees can do the task on their own. 

The Field of human resource Management

Although there has been much discussion surrounding the concept of HRM, no universally agreed-upon definition exists. The concept of HRM is obscured by administrative terminology, and its basic philosophy and nature are difficult to pin down. However, defining the subject matter is definitely necessary when we are to analyze and comprehend HRM policies and practices. We shall define the topic as follows:

"That stage of the management process that is focused on managing people in workplaces. HRM places a strong emphasis on the fact that people are the best resource for generating competitive advantages that are appropriate, that human resource operations must be linked with corporate strategy, and that human resource experts assist organization controllers in achieving both efficiency and competitive objectives. "

HRM: A New orthodoxy ?

If there is nothing particularly distinctive about the HRM models, or if it simply gives a greater prominence to organizational behavior concept, the HRM is just a change in style of presentation, or 'old wine in a new bottle'.

"Agreed " 👍OR  👎 "Disagreed" ???

I  Disagree. 👎

From my perspective, here are the beaming trends in HRM.

1. A Hybrid structure

When working from home became commonplace, the personnel groups shifted, forcing all the teams and businesses to split up and relocate throughout the country. While some businesses are promoting starting in-office work once more, many are happy with a hybrid culture and are continuing to operate under it.

2. Global expansion on the rise

Working remotely is a first step in expanding your work into the world market. The establishment of a firm abroad is getting easier because to changing times and technological advancements, which have also changed HRM patterns.

3. Employee experience takes precedence

Today's workers desire a great culture and a safe working environment in addition to a high salary. According to HRM trends, a competitive salary keeps employees, and a desirable workplace atmosphere and background also influence hiring decisions.HR executives should use strategies to support a healthy workforce, giving workers better adaptability to changes and disruptions.

Today's businesses provide goods, services, and techniques to improve the working conditions for both their own employees and those of other businesses. The current developments in HRM culture include staff management, time & attendance management, employee self-service portals, leave management, etc.

4. Analytics gaining the front seats

Tracking and monitoring the work and personnel became difficult when there was no direct human interaction, particularly when the labor was dispersed throughout the world. It is said that analytics has a significant influence on providing information for decision-making. 

A company's management of its employees is essential. Making sure that Objectives and Key Result are completed, allocating the right tasks to the right personnel, monitoring their progress, and rewarding them appropriately are all critical to the success of a company's operations.

5. A surge in monitoring the employees

Managers frequently find themselves unable to carefully review every single employee's work due to the expanding number of hybrid personnel. A rise in employee monitoring strategies as a result of the absence of interpersonal connection gave rise to yet another set of trends in HRM.

The techniques of monitoring employees include keeping tabs on their workload and performance, as well as their attendance and leave times.

6. Automation of everyday tasks

HR directors may use AI-powered solutions to automate their everyday chores that were previously completed manually in order to prioritize high-value and productive operations. In our technologically advanced world, procedures like screening, finding people, onboarding, monitoring attendance, etc., may now be handled out by the systems.

To speed up all the automation and prevent any mistakes, appropriate procedures are put up. All these HRM trends are transforming the workplace and accelerating the development of every business using them.

7. Augmenting the hiring processes

Chatbots are yet another benefit that may be viewed as a component of current HRM developments. Employers can now manage to choose qualified applicants for pertinent roles from the many talent pools available with their help.

Functions like resume screening choose candidates that fit certain candidate profiles, leading to improved efficiency and superior job performance. One of the most recent developments in HRM right now is the use of solutions like an applicant tracking system. The whole hiring process, including job posting, onboarding, and other steps, is streamlined by an ATS. Another development in HRM is integrations with job boards, which allow users to advertise jobs on several websites with a single click.

To succeed, the HR sector must implement a working style that promotes productivity while also boosting flexibility and efficiency. 

The structure of HR is evolving virtually daily to keep up with technological advancements. The everyday operations, and subsequently the personnel, should improve with the correct metrics and strategies from corporate executives.

REFERENCES

Sharma, R. (2023). 7 Emerging Trends in Human Resource Management (HRM). [online] Zimyo. Available at: https://www.zimyo.com/resources/insights/trends-in-human-resource-management/#:~:text=7%20Emerging%20Trends%20in%20Human%20Resource%20Management%20%28HRM%29 [Accessed 8 Aug. 2023].

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Poole, M. (1999). Human resource management : critical perspectives on business and management. London: Routledge.

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Storey, J. (2015). New perspectives on human resource management. London: Routledge, Taylor & Francis Group.

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