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Human Resource Challenges and Concerns

Table of Contents

Introduction
Information and Knowledge
Attracting and Retaining Employees
Conclusion
References

Introduction

One of the first challenges faced by the human resources (HR) department is redesigning the vision and mission of the company. The HRM department is directly involved in the vision and mission statements since they should be further shared with the rest of its members (OConnell, 2021). Therefore, this aspect has to be clear and has to be able to increase commitment among the employees. Any changes in the global environment may force HR managers to modify or change the companys mission and vision. For instance, possible modern trends regarding the green movement and promotion of eco-friendly products may make the companies direct their HR strategy towards lean management.

Information and Knowledge

Second, information and knowledge today are the key factors that create a competitive advantage in front of other firms in the market. As a result, the HR department has to follow all the innovations that appear in this sector (Taylor, 2021). However, it should include both local and global updates to follow the new technological upgrades within the companys sphere.

Attracting and Retaining Employees

Third, attracting and retaining employees is another HR responsibility that has to be satisfied due to the employees constant changes (Lytle, 2021). Therefore, the company should analyze and choose the correct staff that fits the current organizational perspective and goals and the human skills required at this particular point in time. Globalization made it easier to find the specialist with the necessary skills and experience in whom the company is interested. This fact allows adding the companys members by internationalizing to share multinational experience and globalize the overall companys structure.

Conclusion

To sum up, human resources are an inseparable part of any successful company since people are the primary source of knowledge and experience required to lead and manage the organization by fulfilling its goals and objectives. In the modern world, the global environment is another crucial factor influencing a companys performance and acts as the external environment for both local and international companies. In addition, globalization provides additional opportunities and advantages in the global market compared to the local one.

References

Lytle, T. (2021). Top HR challenges in the financial services industry. HR Magazine. Web.

OConnell, B. (2021). Who inspired you to become a manager? SHRM. Web.

Taylor, J. (2021). From the CEO: New day, new decisions for HR. HR Magazine. Web.

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