Organization is a structure with a ‘collage’ of workers doing their allocated work under the supervision of a leader, for the benefit of the organization as well as them. So, a kind of psychological contract exists between the employer and an employee consisting of beliefs,…
In this globalised world, an economic problem in one country will not get restricted to that country, but gets spread to other countries. This is what happening today, with the economic recession starting in United States of America, is having a very negative effect all over the world. Many companies are suffering losses and as a result, many employees are losing their jobs. Also, many organizations have quietly cut the salaries and other fringe benefits to their employees. So, the fear that their jobs and salary are at stake and to continue working, the employees are forced to work pushing their limits, leading to stress. With stressed mind, the employees will be hard-pressed to use his/hers physical and mental part, to work effectively for the organization. Stressed mind in the sense, due to the poor match between work load and the capabilities, resources, etc of the worker, the mind of the worker could be become disoriented leading to the damaging of workers biological, psychological or social systems..
Stress is something which can happen to an individual both due to a positive action or change as well as negative action or change. That is, stress can be felt by the employees, if positive actions or changes like promotion, new assignments, new responsibilities, etc happen in his/hers professional life. Also in the same but different way, the employees will become stressed, if he/she faces negative actions or changes both in his/hers professional as well as personal life. The negative events or issues that could trigger stress are unemployment, suspension, failure to meet the targets, pressure, intimidation, abuse, etc from the superior as well as co-workers, divorce, deaths, etc, etc. When the above mentioned negative changes or actions occurs, they will be least expecting it and so they will be unable to handle it. That is, those ...
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Conclusion 9 References 10 Appendix 12 Executive Summary The success of organizational practices is usually related to their effects on the organizational performance. However, the content of these practices cannot be ignored even if their contribution in business growth is important.
In the last decade and a half, it has captured significant market share of the world market (Kennedy, 2002). The reforms in government mechanisms and controls have significantly contributed towards its increasing GDP resulting in exponential economic growth (Fan el at, 2007; Zhu et al, 2005).
This has led to chronic underperformance, simply because HRM is pervasive and pivotal in nature, touching on sacrosanct areas of management such as management ethics, recruitment, communication, performance evaluation and performance management, the drawing of fair employee remuneration and the democratization of the workplace.
Whatever should be done for solving these problems, the strategy, as well as its practical application, should be well-planned, effective and efficient. This task is the responsibility of the HR function. Since a senior Personnel Manager is to be supported by a team of staff, it is important to ensure that these people are knowledgeable about HR practices related to resourcing, training and reward systems, in the first place.
Human resource management (HRM) practices are of great significance in the modern corporate world as HRM is one of the central contributing factors for organisational success.The key elements of HRM may include HRD systems, manpower planning, career planning and succession planning, recruitment and selection, training and development, performance appraisal, merit rating, and compensations systems.
The problem is that the above failure is usually identified quite late, meaning that the effects of this failure on the firms’ stakeholders can be extremely adverse, as in the case of Enron. In any case,
This overlap is underpinned by the fact that performance is the main reason for general organization existence. Creating a performance target directly relates to all organization’s goals, vision and mission statement. Performance appraisal, on the other
While the globalization is a relatively new phenomenon, IHRM started developing already in 1970s. It was revealed that international assignments can help employees perform to maintain competitive advantage that is a very
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