Role of HRM in today’s corporate world

Human Resource Management (HRM) of any company now works like a business partner of the company or organization.  Days are gone when HR is only limited to recruiting , induction, Personnel file management, appraisals etc.  Now, HRM domain is wide open and it is a necessity to sustain in today’s competitive world.

HRM is now having a pivotal role in the growth of the company. The modern companies are now focusing on aggressive growth, Innovations and struggling to make a niche in market and want to be no.1 in the market.  So, HRM has to play a key role in the growth of the organization.  The key factors are :

-          Gap analysis with existing and future requirement.

-          Hiring of the best talent.

-          Retention of the best talent.

-          Succession planning.

-          Plan the career growth for employees.

-          Timely Rewards and recognition.

-          Building diverse team.

-          Plan for employee training and skill up-gradation.

-          Emotional Intelligence in handling the employee grievances.

Human Resource Management is now creating the human capital for the organization / company.  All HR professional should play strategically well in achieving the targets of HRM. 

The Future of HRM also covers many things. 

Modern Corporate requires A B De Villiers in his team ………Happy 32nd Birthday to A B De Villiers

If you are a cricket fan than you must know about A B De Villiers – A South African cricket player who is known today for his splendid batting.

But when we go deep into A B’s 32 Years of life we find some stunning capabilities of this man. Keep aside his cricket performance; following are some other stunning achievements of this cricketer:

1.       He was  shortlisted for National Hockey Junior Squad.

2.       He was also shortlisted for National Football Junior Squad.

3.       He  led the National Junior Rugby Team.

4.       He had  six school swimming competition record in his name.

5.       He had also a national record of fastest athletic in 100 Meter in junior athletics.

6.       He was the part of the junior South African team who won Davis Cup – Tennis for South Africa.

7.       He was also the national badminton champion Under -19.

8.       He is also a scratch player in Golf Handicap.

9.       He is an amateur musician and guitarist.  He has a released music album in his name.

And most important, if you feel – AB spent his life in sports , then it is wrong.  He also won a trophy from Mr. Nelson Mandela for a science project.

This makes this cricketer genius and super human in cricket field.  The exposure and abilities makes him a great cricketer who believes can shot the ball everywhere in the ground. He showed this character many times in the cricket Field.  Happy Birthday A B De Villiers. 

Today’s every corporate requires multi talented employee in his team.  Are you agree ?

Future of Jobs – Fourth Industrial Revolution 2020 Onwards

World Economic Forum met from 20 to 23 Jan, 2016 to discuss about the future of Jobs 2020. 

This fourth industrial revolution will emerge as the field of artificial intelligence and machine-learning, robotics, nanotechnology, 3-D printing, and genetics and biotechnology which was disjointed earlier.

According to that report, the technological drivers of change will be : 

 a) Mobile Internet and cloud technology , b) advances in computing power and data, c) New energy supplies & Technologies ,  d) The internet of things, e) Crowd sourcing – the sharing economy and peer to peer platforms , f) Advanced robotics and autonomous transport, g) Artificial intelligence and machine learning, h) Advanced manufacturing and 3D printing, i) Advanced materials, biotechnology and genomics.

The Demographic and socio economic drivers of change will be :

a)Changing work environments and flexible working arrangements, b) Rise of the middle class in emerging markets, c) Climate change, natural resource constraints and the transition to a greener economy, d) Rising geopolitical volatility, e) New consumer concerns about ethical and privacy issues, f) Longevity and ageing societies, g) Young demographics in emerging market, h) Women’s rising aspirations and economic power,  i) Rapid urbanization

The skill sets are required to perform in this fourth Industrial are Cognitive Abilities,  Systems Skills Complex Problem Solving,  Content Skills,  Process Skills , Social Skills,  Resource Management Skills , Technical Skills &  Physical Abilities in a proportionate manner.

Impacts are seen of above factors and some factors are still waiting for their impact in  creating the future of jobs.

Cognitive Abilities  Includes  Cognitive Flexibility,  Creativity , Logical Reasoning ,  Problem Sensitivity,  Mathematical Reasoning  and Visualization

Physical Abilities includes  Physical Strength and  Manual Dexterity and Precision

Content Skills sums up with  Active Learning , Oral Expression ,  Reading Comprehension ,  Written Expression  and  ICT Literacy

Process Skills includes Active Listening , Critical Thinking,  Monitoring Self and Others

Social Skills requires  Coordinating with Others , Emotional Intelligence , Negotiation ,Persuasion , Service Orientation and  Training and Teaching Others

Systems Skills comprises of  Judgment and Decision-making  and Systems Analysis

Complex Problem Solving Skills requires  Complex Problem Solving techniques.

Resource Management Skills  requires Management of Financial Resources ,  Management of Material Resources , People Management and Time Management

Technical Skills includes  Equipment Maintenance and Repair , Equipment Operation and Control , Programming ,  Quality Control , Technology and User Experience Design  and Troubleshooting.

Are you ready to cope up with Fourth Industrial revolution ?  Realize the potential today to realize your dreams in future.

( Source : WeForun)