Latest Trend In HR

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WHAT IS HR & HRM ? HR is an acronym for human resources (manpower), that element within a company which deals with the human aspects/needs of workers. Human Resource Management (HRM) is the function within an organization that focuses on recruitment of, management of, and providing direction for the people who work in the organization

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HR is an acronym for human resources (manpower), that element within a company which deals with the human aspects/needs of workers. Human Resource Management (HRM) is the function within an organization that focuses on recruitment of, management of, and providing direction for the people who work in the organization

Transcript of Latest Trend In HR

Page 1: Latest Trend In HR

WHAT IS HR & HRM ?

HR is an acronym for human resources (manpower), that element within a company which deals with the human aspects/needs of workers.

Human Resource Management (HRM) is the function within an organization that focuses on recruitment of, management of, and providing direction for the people who work in the organization

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LATEST TRENDS IN HR

By Ashan Musthakeem

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Administrative role Reactive Separate from company mission Production focus Functional organization People as expenses

TRADITIONAL HR PRACTICES

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Strategic role Proactive Key part of organizational mission Service Focus Process based organization People as key investments / Assets

EMERGING HR PRACTICES

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34% of organizations perceived that in 2012, the HR function will have to play the role of a strategic thinker,

27% thought HR will have to be a business partner, while 22% expected HR to play the role of a change agent.

only 4% said that they do not perceive any change in the role in the coming years.

RECENT HR STRATEGIES

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TODAY’S HR FOCUS

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The New Bond – License to Change 53% of the responding organizations think that the focus of

the HR function in coming years will be on making organizations more adaptable to change. Building competitive organizations will be the next priority focus area, followed by making organizations more cost effective as the third priority focus area.

FOCUS AREAS OF HR PRACTICES

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Outsourcing for Cost Optimization

Among the outsourcing options, 33% likes to use employee shared services platforms. 12% organizations would consider outsourcing its recruitment process, while 13% said they would consider outsourcing learning and development activities. 6% said they would consider outsourcing.

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Employee Referral : Many employers realize the value of recruiting via employee referrals, and even offer referral bonuses to encourage employees to recommend friends, colleagues and family members for jobs

College Recruiting : Large organizations seeking new entrants to the work force have recruiters who travel to college and university campuses looking for graduating students.

Job Fairs :Job fairs can be conducted by one employer seeking applicants for a variety of positions, or a group of employers who want to attract large numbers of qualified applicants.

Professional Association :Recruiters and other human resources staff who belong to professional associations use seminars, luncheon meetings and similar networking opportunities to attract applicants.

Telephonic Interviews : often conducted by employers in the initial interview round of the hiring process

Internet : Internet job boards that direct applicants to a company's website are a popular recruitment method. Job search engines (Naukri.com, Monstorinida.com) , Social Network sites like linkedin allows HRs to find people interested in a particular job

HR RECRUITMENT TRENDS

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Using cost effective employer branding practices is leading the show

followed by organizations trying to increase their floating workforce Outsourcing the recruitment process is in third place Re-hiring is the last priority in hiring practices

TODAY’S HIRING PRACTICES

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In upcoming years, it appears that HR professionals will have to reinforce and refocus to become strategic business partners in the organizations.

ROLE OF HR PROFESSIONALS

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HR professionals will have to build agility in their systems such that they are prepared to deal with the best and the worst at all times

Organizations will have to focus on getting their HR metrics right and making the most out of it

Today HR has become important because of following reasons Attract & retain talent. Train people for challenging roles. Develop skills & competencies. Promote team spirit. Develop loyalty & commitment. Increase productivity & profits. Improve job satisfaction. Enhance standard of living. Generate employment opportunities

Latest trends in HR helps the organizations to get the right employee

more offers people seeking for jobs. Easy to find the right candidates.

SUGGESTIONS & CONCLUSION

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Thank you