Professional Documents
Culture Documents
Name: Zeeshan
Reg. No: 1711158
Class: BsAf_6
Subject: Human Resource Management
Q.1: what are the latest trends in human resource management around the globe?
A number of activities in an organization are carried out by the HR. HR is responsible for the
proper functioning of the organization. The over all management of the organization is looked
after by HRM. But as the world is converting into a global village which tends to bring some
trends in the HR which are as following :
1. Repurposing your human capital
Finding it difficult to hire, managers often forget about one of the most effective tactic HR specialists
sometimes use, moving current workers to available job opportunities across the company. Of course,
any given person must possess the particular skills that are relevant to carry out the role’s
responsibilities.
A second and no less effective tactic is to use alternative human capital, such as contractors, freelancers
and outsourcing partners. This approach to talent acquisition works best for companies facing rapidly
changing business conditions. For example, if you need to urgently reinvent one of your technology
systems like ERP and don’t have skilled in-house specialists. In that case, you can outsource your new
technology project to a dedicated development team.
In accordance with global trends in the alternative workforce, modern enterprises have an amazing
opportunity to cooperate with vendors, contractors, outsourcers and freelancers who are located
overseas. Besides, this kind of potential labor capital is typically cheaper and, thanks to up-to-date
technologies, easily accessible.