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CHANGING TRENDS OF HUMAN RESOURCE MANAGEMENT Changing trends in Human Resource Management Four elements of HRM as specified by John Storey A set of beliefs and assumptions A strategic thrust embodying decisions about people management The central involvement of line management Dependence upon a set of levers to determine employee relationships How Human Resource Management has evolved The Commodity concept The Factor of Production concept The Goodwill concept The Paternalistic concept/Paternalism The Humanitarian concept The Human Resource concept The Emerging concept

Changing Trends in HRM

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A brief on changing trends in Human resource management

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Page 1: Changing Trends in HRM

CHANGING TRENDS OF HUMAN RESOURCE MANAGEMENT

Changing trends in Human Resource Management Four elements of HRM as specified by John Storey

A set of beliefs and assumptions A strategic thrust embodying decisions about people

management The central involvement of line management Dependence upon a set of levers to determine employee

relationships How Human Resource Management has evolved

The Commodity concept The Factor of Production concept The Goodwill concept The Paternalistic concept/Paternalism The Humanitarian concept The Human Resource concept The Emerging concept

Page 2: Changing Trends in HRM

CHANGING TRENDS OF HUMAN RESOURCE MANAGEMENT

The Changing Role of the HR Professional The War for Talent Outsourcing of HR functions – the virtual HR

organization The Healthy Workplace :Wellness, work-life

balance The Diverse Workforce The Impact of Technology Talent Management : Leadership Development Talent management : Succession planning Corporate values and culture Impact of legal and compliance issues