Contemporary & Future Challenges in HRM Essay Example | Topics and Well Written Essays - 3250 words

Contemporary & Future Challenges in HRM - Essay Example It is the responsibility of HRM personnel to find ways to develop effective programmes that meet this challenge. Information used by HRM in decision making is provided by the human resource management information systems (HRMIS), which is an integrated system based on technology for organizational use. To transform the way HRM delivers its activities, the use of â€Å"workforce technologies† has grown rapidly in the last decade. These pertain to most human resource activities such as recruiting, training, addressing grievances, legal work, performance appraisals, pensions and benefits, and other areas. An HRMIS can significantly improve the efficiency of the HRM operations, raise profit levels and perform risk management for the organization. Future challenges in human resource management can be met with potential applications of HRMIS, as in training management, risk management, and overall cost reduction of human resource management activities. Human resource management (HRM) is a function of organizational systems to ensure that â€Å"human talent is used effectively and efficiently to accomplish organizational goals† (Mathis & Jackson, 2006: 28). Most organizations have physical, financial, intangible and human assets. The human asset or the human capital constitutes the combined value of the skills, capabilities, knowledge, life experiences, and motivation of an organizational workforce. The contemporary and future challenges faced by human resource management are: the â€Å"globalization of business, economic and technological changes, workforce diversity, organizational cost pressures and restructuring† (Mathis & Jackson, 2006: 28). There is an ongoing transformation of HR roles by technology and outsourcing and also by the need for HR to become a more strategic contributor. HR technology in the form of Human Resource Management Systems (HRMS) helps to improve administrative efficiency levels and present increased information for strategic