A S S I G N M E N T # 1

HUMAN RESOURCE
MANAGEMENT

Submitted by: PALOMARIA, Almira Louise G.

II-AMA

Feb. 07, 2024

 Choose at least 2 challenges and 2 rewards of Human Resource Management
and be able to discuss it by citing your personal insights on them.

Presented below are my personal insights of Challenges and Rewards I’ve observed in Human Resource Management. I
also think that one of the most important things for HR managers is understanding how to weigh risks versus potential
gains whether that's rolling out a new benefits program or changing a policy. But you also need to consider all the "what
ifs" and how to minimize fallout if things don't go exactly as planned. Having a good handle on managing both challenges
and opportunities is very important.

REWARDS:
REWARD #01
Strategic Alignment and Competitive Advantage.

When human resource management techniques are in sync with organizational strategy, they may operate as an
effective tool for driving corporate success and creating a competitive advantage in the marketplace. Through my
observations, I've seen how strategic human resource management can alter firms by aligning HR practices with
overall company goals, I’ve seen a video where a small business improve a lot because the manager took good care
of its employees and train them well for the effectivity of their services as what their vision and mission are
offering. When HR strategies are linked with organizational goals, an effect emerges that drives innovation, and
increases employee engagement.

REWARD #02
Employee Engagement and Productivity.

Effective human resource management strategies lead to increased employee engagement, contentment,
and productivity. Employee involvement has a transformational influence on organizational performance, as
evidenced by my own observations. Human resource managers that focus employee well-being, provide
meaningful work experiences, for instance if a work is giving a lot of benefits to motivate their workers, I
would be more engaged and productive there as an employee and it will foster a culture of gratitude and
inclusion for me.

REWARD #03
Enhanced Organizational Performance.

Organizations that invest in strategic human resource management outperform their competition, to my knowledge.
For example, the Ardent Business Solutions which is a consulting firm here in Philippines that offers services in
organizational development, process improvement, leadership training, and human resource management they
combines talent management techniques with business goals, so that it generates a workforce that is both highly
competent and profoundly dedicated to accomplishing organizational goals. This can be observe in rising companies
This alignment promotes adaptation allowing the business to prosper in competitive business environment.
 Choose at least 2 challenges and 2 rewards of Human Resource Management
and be able to discuss it by citing your personal insights on them.

CHALLENGES:
CHALLENGES #01
Adapting to Globalization and Cultural Diversity.

In today's interconnected world, businesses are expanding globally, resulting in diverse workforces comprised of
individuals from varied cultural backgrounds. Through my observations, I've noticed that cultural diversity and
awareness are really a huge aspect, especially in today's world where people are very well aware of their own
culture and boundaries. This necessitates continual learning and adaptation to foster an inclusive workplace culture
in which all employees feel valued and appreciated, eventually improving organizational performance and
competitiveness in the global marketplace.

CHALLENGES #02
Managing Labor Costs in a Volatile Economic Environment.

Economic shifts and market uncertainty frequently require firms to implement cost-cutting measures, such
as labor reductions, in order to remain competitive. Human resource managers have to find a balance
between reducing labor expenses and retaining qualified people. During economic downturns, such as the
Covid-19 pandemic, I've found that human resource managers are faced with the burden of making harsh
decisions to reduce labor expenses while maintaining the organization's long-term viability even if it means
sacrificing for the benefit of the greater.

CHALLENGES #03
Technology Integration and Automation.

In my experience, incorporating technology and automation into HR procedures creates both possibilities and
obstacles. As a freelancer of creating commission arts, I realized that my sales have been decreasing due to
Artificial intelligence demands, While automation can simplify work and increase efficiency, it also raises worries
about job loss and the need for retraining. Human resource managers must traverse these problems by carefully
examining technology's influence on the workforce, giving people with training and assistance to help them adjust to
new technologies, and ensuring that automation complements rather than replaces human talents.