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FUTURE HUMAN RESOURCE MANAGEMENT

MODERN TrendsINHUMAN RESOURCE MANAGEMENT ***METAMORPHOSIM***

INTRODUCTION

According to Flippo, “human resource management is the planning, organizing, directing and controlling of the procurement, development, compensation, integration, maintenance and separation of human resource to the end that individual, organizational and social objectives are accomplished.”

INTRODUCTION

In this presentation, we discuss about some important aspects of HRM.

&

How they are metamorphosis from PAST to FUTURE

The Aspects are

1) Recruiting

2) Training

3) Compensation

4) Performance Appraisal

5) Organizational Communication

1. RECRUITING

It refers to the overall process of attracting, selecting and appointing suitable candidates for jobs (either permanent or temporary) within an organization.

Recruitment is of two types• Internal Recruitment• External Recruitment

INTERNAL RECRUITMENT

• Transfers• Promotions• Re-employment of ex-employees

EXTERNAL RECRUITMENT

• Employment at Factory Level• Advertisement• Employment Exchanges• Employment Agencies• Educational Institutions • Recommendations

MODERN RECRUITIMENT

Social RecruitingHiring through social media.

Some of the social media sites

Why social Recruiting?

• Recruit candidates who might not apply otherwise.

• Save money.

• Target a specific job level.

• Increase the company's brand recognization.

• Target a specific set of skills.

2. TRAININGAccording to Edwin Flippo, ‘training is the act

of increasing the skills of an employee for doing a particular job’.

They are two typesON JOB METHODS OFF JOB METHODS

Coaching Lectures and Conferences

Mentoring Vestibule Training

Job rotation Simulation Exercises

Job instruction Technology Sensitivity Training

Apprenticeship Transactional Training

Understudy

MODERN TRAINING

Gamification is the use of game design and game mechanics to learn new skills and training employees.

3. COMPENSATION According to Edwin B Flippo: “The function of compensation

is defined as the adequate and equitable remuneration of personnel for their contributions to the organizational objectives.”

Different types of compensation include: • Base Pay• Commissions• Overtime Pay• Bonuses, Profit Sharing, Merit Pay• Stock Options• Travel/Meal/Housing Allowance• Benefits including: dental, insurance, medical, vacation, leaves,

retirement, taxes...

MODERN COMPENSATION

PERK: An advantage or something extra, such as money or

goods, that you are given because of your job. To understand this PERK concept, we can take two

companies & in this we have to know about, what are the PERK

benefits offered by those companies.

PERKS• Onsite doctors and medical services• Incase of death surviving spouse will receive a check for

50% of their salary every year for the next decade.• Free car wash.• Lunch and dinner are always free. • Massages and yoga centers• No dress code• Gym, swimming pool and bar facility• Employees can play against each other games like ping

pong, Billiards and video games..etc.,• Googlers are free to bring their pets to work

PERKS• Free Bike repair shop.• Dry Cleaning.• The Company store.• Vending machines filled with computer accessories. ( They

are absolutely free) .• Free lunch and dinner.• Free onsite Barber Shop. • Free Candy shop.• Free Gym.• Write on the walls.

4.

PERFORMANCE APPRISAL

PERFORMANCE MANAGEMENT

Performance Appraisal:Performance Appraisal is the systematic evaluation

of the performance of employees and to understand the abilities of a person for further growth and development.

Performance Management:“In simplest terms, it’s a way of getting people to do

what you want them to do and to like doing it.” Performance Management is a scientifically based,

data-oriented management system. It consists of three primary elements—measurement, feedback and positive reinforcement

WHY PERFORMANCE MANAGEMENT? Performance appraisal were mostly narrowly

focused for measuring the degree of accomplishment of on individual where supervisors had a major role to play in judging the past performance of an employee without soliciting active involvement of the employee. Performance management focused on front end planning instead of looking backward, the focus is on ongoing dialogue instead of ratings.

5. ORGANIZATIONAL COMMUNICATION Effective Communication is significant for employees in

the organizations so as to perform the basic functions of management, i.e., Planning, Organizing, Leading and Controlling.

Types of communication in the organization• Written letters and memos• Face to face• Video Conferences.• Telephone Conversation• E- mails• Team briefing

MODERN COMMUNICATION

PRIVATE SOCIAL NETWORKING SITES

For Example a free enterprise social network service, launched during last five years; it is used for private communication within organization. It gauges the employee emotions expressed in posts, they can share photos, tag them and write posts, just like facebook and google+. WOW.

MODERN COMMUNICATION

Considering the example of Ernst and Young – they have a much organized performance appraisal system. Now employee can update their profile by adding all the activities he/she has performed throughout the year and share supervisor's comments/feedback obtained at the end of the project.

CONCLUSION• In this globalization world, Business environment

is continuously changed. Human resource has major challenge in future to develop and retain capable employees and it faces many problems.

• HRM uses technology.• Datafication plays a vital role in HRM• IHRM & SHRM are Introduced.

Finally, HRM is metamorphosis according to the current business

environment.

ANY QUESTIONS? Feel free to ask, your question may be worth million dollars

THANK YOU FOR YOUR SUPPORT - Chandra Sri.