Trends in Human Resource Management

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Human Resource Management: Gaining a Competitive Advantage

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Presentation transcript:

Trends in Human Resource Management Chapter 2 Trends in Human Resource Management

US Labor Market Definition Expected Changes Internal labor market – the workers an organization already has External labor market – individuals actively seeking employment Expected Changes Demographics Skill requirements MGMT 422 - Chapter 2

US Labor Market Age Distribution MGMT 422 - Chapter 2

US Labor Market Ethnic Distribution 2012 MGMT 422 - Chapter 2

HRM Practices that Support a Diverse Workforce MGMT 422 - Chapter 2

High Performance Work Systems Organizations that have the best possible fit between their social and technical systems New skill requirements Specialized knowledge Judgment and decision making Interpersonal communication MGMT 422 - Chapter 2

New Skill Requirements Knowledge workers – employees whose main contribution to the organization is specialized knowledge (customers, process, or profession) Employee empowerment – giving employees responsibility and authority to make decisions Teamwork – the assignment of work to groups of employees with various skills who interact to assemble a product or provide a service MGMT 422 - Chapter 2

Strategic Issues Affecting HRM MGMT 422 - Chapter 2

Technological Change in HRM Human resource information system (HRIS) – a computer system used to acquire, store, manipulate, analyze, retrieve, and distribute information related to human resources. Electronic business (e-business) – using the Internet to gain an advantage or keep up with competitors e-HRM – processing and transmitting digitized HR information MGMT 422 - Chapter 2

New Technologies Influencing HRM MGMT 422 - Chapter 2

Change in Employment Relationship The psychological contract – what an employee expects to contribute to and gain from an employment relationship Flexibility/Alternative work arrangements Staffing Work schedules MGMT 422 - Chapter 2