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Trends in Human Resource Management

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Presentation on theme: "Trends in Human Resource Management"— Presentation transcript:

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

2 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 Chapter 2

3 US Labor Market Age Distribution
MGMT Chapter 2

4 US Labor Market Ethnic Distribution
2012 MGMT Chapter 2

5 HRM Practices that Support a Diverse Workforce
MGMT Chapter 2

6 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 Chapter 2

7 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 Chapter 2

8 Strategic Issues Affecting HRM
MGMT Chapter 2

9 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 Chapter 2

10 New Technologies Influencing HRM
MGMT Chapter 2

11 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 Chapter 2

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