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Human resources trends - Case Study Example
Human resources is the business function of a company that deals with managing and obtaining employees. The profession is changing and people in the field have to adapt to new trends which will affect the future of human resources. Four emerging trends that are already affecting the way the profession is performed in today's organizations are outsourcing, online recruiting, flexible time and the aging workforce…
Labor costs might not be the high overhead variable affecting overall costs it was 30 years ago, but it still a cost reducing solution managers choose to utilize when they feel pressures from upper management and shareholders to lower costs. Outsourcing of employees is not the evil predicament many think it is. It is simply a solution that provides flexibility and allows costing reduction in different compensation areas. Outsourcing of a firm's workforce can occur in various ways. A company can choose to hire employees through job agencies in order to acquire a staff that is legally not theirs. Under this type of work arrangement the employee belongs to the job agency, but performs work and it is supervised by the manager of a firm. Once integrated into the company's system in reality the job agency employee and the directly recruited employee is treated equally and there is not way to differentiate them within a work setting. This alternative is chosen to reduce fringe benefits compensation costs and to have flexibility of not being forced to retain an employee after the typical short probation period expires.
An outsourcing arrangement occurs when an enterprises hires a consultant to perform work in any type of project within the organization. ...