HR challenge

tanbc

A. Globalisation and CompetitionTrends –Globalization of the world economy and other trends has triggeredchanges in how companies organise, manage, and use their HR departments. Therate of globalization continues to be high, and has several strategicimplications for firms. More globalization means more competition, and morecompetition means more pressure to lower costs, make employees more productive,and do things better and less expensively.

B. Indebtedness and Deregulation –In many countries, government stipends stripped away rules and regulations.

C. Technological Trends – Virtualonline communities, virtual design environments and Internet-based distributionsystems have enabled firms to become more competitive. HR faces the challengeof quickly applying technology to the task of improving its own operations.

D Trends in the Nature of Work –Jobs are changing due to new technological demands. Dramatic increases inproductivity have allowed manufacturers to produce more with fewer employees. .

E. Workforce Demographic Trends –Women worker and foreign worker

F. Economic Challenges and Trends

Desmond

Hi BC

I should have join the group earlier. Then I will have idea on the TMA1