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mm bagali..... hrd and hrm...... HR...... HRM......

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Shrm future-hr-2022-final
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mm bagali..... hrd and hrm...... HR...... HRM......

  1. 1. welcome to world of excitement HR Good Morning !!! Human Resources Management
  2. 2. welcome to world of excitement HR
  3. 3. Module 6 • HRM: Significance; Functions; Role of HR • People Management; Impact of HRM • HRM Policy 3
  4. 4. 4 Challenges Facing HR Over the Next 10 Years
  5. 5. Nature of work of HR • HRD • HRM • IR/PM • Legislation • Welfare • Public Relations and corporate affairs
  6. 6. % of work of HR • Training 20 • R / S 40 • Performance Management 20 • Others 20
  7. 7. 7 Challenges Facing HR Over the Next 10 Years
  8. 8. • What will be the three biggest challenges facing HR executives over the next 10 years? Retaining and rewarding the best employees (59%), developing the next generation of corporate leaders (52%), and creating a corporate culture that attracts the best employees to organizations (36%). • What will be the biggest investment challenge for organizations over the next 10 years? About two-fifths (43%) of HR professionals indicated that obtaining human capital and optimizing human capital investments will be the biggest investment challenge. • Which tactics will be the most effective in attracting, retaining and rewarding the best employees over the next 10 years? The top four responses were providing flexible work arrangements (40%); creating an organizational culture where trust, open communication and fairness are emphasized and demonstrated by leaders (37%); providing employees with opportunities for career advancement (26%); and offering a higher total rewards package than organizations that compete for the same talent (26%). 8 Key Findings
  9. 9. • How do HR Professionals expect the future workforce to evolve over the next 10 years? In terms of workforce size, the majority (69%) of HR professionals expect their organization to have a larger workforce in 10 years. Just over one-half (54%) indicate that their use of contract/temporary employees will not change, and 29% expect a growing proportion of contract/temporary employees. Nearly one-half (47%) indicate that over the next 10 years there will be a greater proportion of full-time employees, whereas the other half believe the workforce will stay the same (27%) or have more part-time employees (26%). • Which HR competencies will be most critical 10 years from now? Over one-third of HR professionals think that the four most critical competencies in 10 years will be business acumen (42%), organizational leadership and navigation (40%), relationship management (37%), and communication (35%). 9 Key Findings (continued)
  10. 10. • What components (subcompetencies) of business acumen will be most critical in 10 years? HR professionals expect the top three components to be HR and organizational metrics/analytics/business indicators (45%), knowledge of business operations and logistics (41%), and strategic agility (41%). • What bodies of knowledge do HR professionals rate as being the most important in 10 years? The four bodies of knowledge that were rated as most important were strategic business management, talent management, change management, and workforce planning and employment. 10
  11. 11. 7 Biggest Challenges for HR Chief Sources: Economic Times, 3rd September, 2011, p: 4. Deloitte Compensation Survey, 2011
  12. 12. Which of the HR issues represent your biggest challenges • Talent Acquisition • Succession Planning • Change Management • Compensation and Benefits • Training and Development • Talent Retention • Health Care • Legal issues • Technology • Layoffs/ Hiring freezes • M/A
  13. 13. Toyota HR Chief, Interview in 2013  Right kind of Talent  Expectations  Retention  T and D  Engagement activities  Competency and Skills  Morale issues
  14. 14. LinkedIn survey, 2012 study  Managing Knowledge Workers  Managing Technological Changes  Developing leadership  Workplace diversity  IR  Career growth  People Management  Smart Hiring
  15. 15. Skills Gap •3.7 million jobs currently open •72% of members can’t find skilled workers •82% of manufacturers can’t fill good paying, skilled positions A BIG Challenge for HR to Address Now
  16. 16. Designations •HR officer •HR Executive •CHRO •Peoples Officer •Deployment Officer •HR Strategist •Leadership Solutions •HR and Admin / HR and Law- Legal •HR and Corporate initiatives •HR, IR and Admin. •HR- Land D
  17. 17. 17 HR Competencies
  18. 18. Ten years from now, which of the following competencies do you see being most critical for the HR professional? 18
  19. 19. Ten years from now, when considering Business Acumen for HR professionals, which of the following components (i.e., subcompetencies) will be most critical? 19
  20. 20. Rate the importance of these bodies of knowledge for HR professionals 10 years from now. 20 Note: n = 446. Respondents rated each body of knowledge on a scale from 0 (not important) to 10 (very important). Body of Knowledge Average Rating (0 to 10) Strategic Business Management 8.8 Talent Management 8.6 Change Management 8.5 Workforce Planning and Employment 8.5 Compensation and Benefits 8.3 Human Resource Development 8.2 Employee and Labor Relations 8.1 HR Technology 8.0 Risk Management 7.7 Global and International Human Resources 6.9 Role of HR
  21. 21. 21 Trends Reshaping the Future of HR
  22. 22. 22 Tapping Skills Anywhere, Anytime Managing Your People The Rise of the Extended Workforce Digital Radically Disrupts HR Reconfiguring the Global Talent Landscape Social Media Drives the Democratization of Work How HR Will Need to Respond to a New World of Work
  23. 23. HRUnderstanding the Five Questions That matter for HR’s future
  24. 24. 1st Question: Alignment : Why does any HR program matter to the business, and is HR truly aligned to the business to provide value HR
  25. 25. 2nd Question: Leaders: Why must HR foster leadership within the organisation to drive success HR
  26. 26. 3rd Question: Talent: Why does HR need to look at future talent / skills necessary HR
  27. 27. 4th Question: Reward: Why-How must HR provide incentives that are meaningful to employees HR
  28. 28. 5th Question: Agility: Why HR must adopt cloud technology HR
  29. 29. Quizzzzzing
  30. 30. Testing 1: According to recent research, what is the top driver of job satisfaction? Job security Compensation Opportunities to use skills and abilities
  31. 31. Testing 1: According to recent research, what is the top driver of job satisfaction? Job security 18% Compensation 35 % Opportunities to use skills and abilities 47 %
  32. 32. Testing 2: Human resource Management includes various activities including production forecasts 1. True 2. False
  33. 33. Testing 2: Human resource Management includes various activities including production forecasts 1. True 2. False
  34. 34. Testing 3: One of the HR managers Biggest bugaboos regarding Performance Management is : …….
  35. 35. Testing 3: One of the HR managers Biggest bugaboos regarding Performance Management is : Assigning ratings
  36. 36. Testing 4: A Recent Study (2012 May) by the Ladders, A New York based Job Matching Services, reports: ………….. time to decide on candidates Good fit
  37. 37. Testing 4: A Recent Study (2012 May) by the Ladders, A New York based Job Matching Services, reports: 10 seconds time to decide on candidates Good fit.
  38. 38. 40
  39. 39. 41
  40. 40. Thanks !!! Lets move forward next time 42

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