HR function is carried out. The HR manager has to work closely with these constituent parts, understand the internal dynamics properly and devise ways and means to surviveand progress. In addition to these, the personnel man has to grapple with the problem of workforce diversity.
All these factors individually or in combination pose challenges to HRM practicesand philosophy. The challenges are:
Embracing new technology
Developing human capital
Responding to the Market
To manage change, thus all managers need to have a vision—strategic, have opencommunications with all the employees, set clear expectations for performance anddevelop capability. Thus all managers are facilitators in terms of managing change.
So we find that the role of HR management is ever increasing. It hastaken up the important role of
a) Boosting productivityb) More responsive and innovativec) More integrated
In today’s world it is a must to be integrated in the system to survive. The gist is thatHRM will have to be more strategic in nature that is visioning, planning and organizing away ahead of times. It has to be more pro-active.HR is today heavily involved in the execution of most firms' downsizing andrestructuring strategies, through outpacing employees, instituting pay-for-performance plans, reducing health care costs, and retraining employees. And in an increasinglycompetitive global marketplace, instituting HR practices that build employeecommitment can help improve a firm's responsiveness.