Current Trends in Human Resource Management

 NEED OF TRENDS IN HR MANAGEMENT

The most valuable and the most important asset of any organization is its Human Resources. These Human Resources help the organization to achieve its organizational goals and objectives on time and thereby making sure the existence of that organization. With the volatile nature of the external factors especially in demographics and global economic conditions, the need of retaining qualified and experienced human resources is vital in every aspect. Nowadays, the management of several companies taking massive steps in order to face the challenges when dealing with Individuals.

Innovative techniques are being used to create a favorable working environment and various motivational methods and incentives are being put into practice to motivate the employees to give in their best to the organization. The organizations have to accept the day by day evolving changes and should apply modern day trends and strategies to deal with them. The one who accepts these changes and try to adhere to these adaptations will survive and the ones who doesn’t will fail.

 

CURRENT HR TRENDS

According to the thehrdirector.com website, top HR trends for 2021 has identified as below;

 1.    Promote Diversity & Inclusion

Companies should contribute to create a favourable and confident working environment for its employees who are belonged to various cultures, geographical locations, genders, religions, ages and etc. so that the employees would be confident enough to express their thoughts and ideas with equality.

 

 The Trend of Work From Home

The pandemic has changed the way people work, and more and more people are choosing to work from home (WFH). Unlike traditional work patterns, this approach has limitations and has had a significant impact on both organizations and individuals. It also brings many challenges to the work of HR practitioners. In 2021, many corporations are offering remote-work as a full-time opportunity. With this, HR departments need to adapt to new workplace settings to keep the employees engaged and on track.

3.    Fluid Task Management with Gig Economy 

      

                                                                The gig economy where people like to work independently is witnessing a sharp spike as people are increasingly looking to work on their terms and conditions. Employees are opting out of the 9-5 work schedule to side hustle in addition to day jobs. Others, like freelancers and consultants, like to work for themselves 100% of the time. HR practitioners and managers and team leaders must look for new ways to keep their working forces efficient and agile with this changing trend. 

Apart from the above trends, the research which was conducted by G. Brindha also stated the following HR Trends;

 

1  Moonlighting by Employees

Employees in most of the organizations realize that all their demands cannot be met by their organization alone. Hence they depend either on some other organizations for part-time job, part-time business or take up a business or start an industrial unit in order to earn more. This type of activity is known as MOONLIGHTING.

 

2.    Dual Career Groups'

Dual career group can be defined as a marital couple where both partners are working professionals. Dual career group helps in achieving the psychological as well as financial satisfactions. Today people are more concern about increasing level of the responsibilities. They are more committed to work and their personal growth as well. In other words, dual career group represent the pair of young professionals both husband and wife. Now a day’s more dual career groups are increasing because more females are highly committed for quality of work. It provides economic freedom and better social status.

1.   REFERENCES

1.    Goodall, K., and M. Warner. 1999. Enterprise reform, labor-management relations, and human resource management in a multinational context. International Studies of Management and Organization

2.    Huselid, M.A. 1995. The impact of human resource management practices on turnover, productivity and corporate financial performance. Academy of Management Journal

3.    Hackman, J.R. and G.R. Oldham. 1976. Motivation through the design of work: Test of a theory. Organizational Behavior and Human Performance

4.    Middle-East Journal of Scientific Research 14(12): 1727-1730, 2013

5.    Top Trends in Human Resource Management in 2021: Article by Daljeet Kaur Lal

 

 

 

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