Welcome to Our PresentationTopic: Importance of Human Resource Management in 21st Century

Ahsanullah University OF Science And Technology

Group Members

MD. Ali Ibn HossainID: 13-02-51-010

MD. Sumon KhanID: 13-02-51-021

Khondoker Amin UzzamanID: 15-02-51-002

Introduction

Human beings are the most important resource of an organization. These are the people who plan all the activities and then they carry on all the activities. And managing human beings is the toughest duty of the manager as no two persons are alike. Every individual has separate values, aspirations, motivations, assumptions, goals, etc. Today we are discuses about Importance of human resource management in 21st century

History of HRM

Ancient China Britain 20th

Century

Evolution of the Personnel Management

Early Human Resources

Management

21st Century Advance Human

Resources Managemen

t

1 2 3 4

History of HRM in a 4 steps

According to Dessler, “Human Resource management is defined as process of acquiring, training, appraising, and compensating employees, and attending to their labor relations, health, safety and fairness concerns”.

DEFINITION OF HUMAN RESOURCE MANAGEMENT

Regarding Definition

Human Resource Management (HRM) is the term used to describe formal systems devised for the management of people within an organization. The responsibilities of a human resource manager fall into three major areas: staffing, employee compensation and benefits, and defining/designing work

The Changing Role of Human Resources in 21st century There are some Role of HRM and its Strategies are shown

Role of HRMStrong HR leadership

Acute future orientation

Flexibility and creativity

Delivering value

StrategiesBusiness unit assignment

Centers of excellence

Consulting model

Job rotation

Increasing line managers' capabilities

Khondoker Amin UzzamanID: 15-02-51-002

21st Century HR functionsHuman Resource

Functions 21st century

Human resource planning

Job Analysis design

Recruitment and Selection

Compensation and

remuneration

Promotion/Transfer/

Termination

Training and Development

Orientation and

Induction

Motivation, welfare,

health and safety

Industrial Relation

Maintenance & equal

employment

Challenges of 21st Century HRM

Attracting & selecting the best candidatePromoting organization culture

Career development of the employeesAdopting human investment perspective

Making new retention & motivation strategiesConflict management

Managing virtual workplace and e-commerceBusiness ethics and values

• Size of the workforce.• Rising employees' expectations• Drastic changes in the technology as well as Life-style

changes.• Composition of workforce. New skills required.• Environmental challenges.• Lean and mean organizations.• Impact of new economic policy. Political ideology of the

Government.• Downsizing and rightsizing of the organizations.• Culture prevailing in the organization etc.

Human Resource Management: Major Influencing Factors in 21st century

In the 21st century HRM will be influenced by following factors, which will work as various issues affecting its strategy

The Goals

of HRM

Recruiting and Hiring

Employee Benefits

Recognition and Reward

Training and

Development

Legal Compliance

Goal Setting

Standards

Metrics and

Reports

The Goals of 21st Century HRM

An HR system refers to how different HR practices are used in combinations to address three primary issue

Work Environment

Employee Attitudes and

Behaviors

Employee Competencies

Recruitment, Selection, Training, and

Development

Job design, Organizational Structure, Participation/

Empowerment

Incentives and Rewards Performance Evolution and Appraisal Compensation

An HR System

MD. Ali Ibn HossainID: 13-02-51-010

IMPLEMENTING HR POLICYThe aim will be to implement policies fairly and consistently. Line managers have a key role in doing this. As pointed out by Purcell et al (2003), there is a need for HR policies to be designed for and focused on front line managers. The role of HR is to communicate and interpret the policies, convince line managers that they are necessary and provide training and support that will equip managers to implement them.

Develop an integrated compensation plan

The board has approved the plan and monitoring and evaluation mechanisms are in place.

The plan has been communicated to employees.

An Emerging Human Resource Management Practice in 21st century

Human resource management (HRM) and Human capital management (HCM)

Significance of Human Capital Management

Human Capital Framework

Knowledge Management and Human Capital Management

Human capital and organizational learning capability

Organizational learning capability

Transformational leadership

Employee Engagement and Performance Management

Talent management

RecommendationsIn the present era most of the organizations are competing globally for their best reputation

Technology has changed each and everything with great extent, the methods of production, the process of recruitment, the training techniques, new equipment

Keeping in mind by HR manager the issue of Globalization

Human resource manager should develop such a HR system which consistent with other organization elements

One of the great debate also going on work force diversity, the HR manager responsible to make such a broad strategies

Organization culture is also another important element which must be consider by the HR manager

Conclusions

The important of HR in 21st century providing sustained competitive advantage was shown to be achieved through recognizing and incorporating many different ideas and perspectives into the management of the HR function. Likewise, properly managed HR was identified as being an integral contributory factor in improving organizational productivity. It was also discussed that through attentive and forward-thinking management of HR, the value of HR can be improved, organizational productivity can be enhanced, and competitive advantage can thus be attained.

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