This article explores the emerging themes in human resource management (HRM) like leadership development, artificial intelligence, strategic HR, and innovation. It discusses how these themes impact HRM and the future of work. The article also highlights the need for an effective action plan to eradicate problems and meet customer expectations.
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EMERGING THEMES1 EMERGING THEMES Thecurrentbusinessenvironmentishighlydynamicanduncertainwheretraditional strategies are not applicable and also there is a demand of greater flexibility and adaptability from the business firms due to the rise in the consumer awareness and expertise. Emerge is related to the change that can be in any term like economic policy like globalization whereas theme is interrelated with a change in demand, the culture of society, taste and preferences of customers etc. So, Emerging theme is imminent of various factors changing according to the situation, market, and demand which drive the company to change its policy, strategy and incorporate various practicesso that the customer's aspiration and demand can be valued. In the following an effort has been made to listing our various emerging themes which had an impact over human resource management in next few years. Various emerging themes which are evolving year by year in HR are leadership development, artificial intelligence, moving from functional HR to strategic HR, innovations etc. The leadership development is a critical aspect and quality of leadership help the organization to create a strong brand identity in the market. Leadership development helps individuals in delivering proactive HR professionals, which lead to the achievement of the goal of the organization effectively. HRM system is a combination of wide varieties of applications, which includes compensation management, career development programs, human capital management etc. It helps the management by managing and delivering the work in a timely and effective manner and thus saved cost at multiple levels. These emerging themes will lead to a new leadership style that is forward-looking and innovative and it helps the organization to use technology effectively, development of individuals and cooperation with one another. These emerging themes will also affect various aspects like environmental factors, social factors, cultural factors etc. (Horwitz and Budhwar (2015). These themes help the management in promoting cultural diversity that will develop team spirit in the employees. Also with the effective use of technology, the HR manager will able to provide better service to the line managers that will result in a superior customer service. HR is a field which is continuously evolving and in the next 10 years, there will be huge changes like HR bots (Artificial Intelligence driven HR), Man Machine collaboration, Systems for checking and developing employee engagement in the work. Also from an environmentalperspective,severalunitsofanorganizationlikeHR.ITetc.works collectively to put a positive join effort towards Green initiatives driven by corporate social responsibility (Ahmad, 2015). Few themes like AI in HR, Man Machine collaboration etc. will help HR managers to save costs at multiple levels as well as to enable them to complete their task in a timely manner but they all are lacking at some certain points like a high cost for implementation, increases in unemployment etc. (Fuhl, 2017). So there is a need to be an effective plan for the
EMERGING THEMES2 implementation of these themes and various factors also need to be analyzed before making any strategy. Business management which includes varieties of field, skills and strategies is emerging continuously by the demand of market and environment. For instance, the companies are now changing their policy from centralization to decentralization, selling concept to marketing concept, labour to the human capital concept and functional management to strategic management. This is all due to various economic, technological, legal and social factors including the customer demand and preferences. For achieving their mission and goal, every company adopts different strategies which make their pillar of growth for a long period of time. For e.g., BT group, a telecommunication companyisadoptingastrategybasedonbroadeninganddeepeningtheircustomer relationships (BTPLC, 2017) whereas a car manufacturer company Aston Martin connects their strategy with shareholder values. So, it depends upon company to company. So, there is a need for an effective action plan which will help in eradicating problems to a great extent. It can be like retaining top talent and build leaders from that only, fostering diversitywithintheorganization,encouragingeffectivelearningandscanbusiness environment regularly to meet up with customers’ expectations. Various critical factors like globalization, diversity, competition etc. has forced the company to change their policies and strategies continuously as per the need of the market and so it is needed to analyze these factors before time so as to be fast and adaptive. These emerging trends will have a vast impact in the future on both organization and customers but a proper set of the plan is needed with an ability to see future perspectives. References Ahmad S. (2015) Green Human Resource Management: Policies and practices.Cogent Business & Management, 2(1). BTPLC. (2017)Our Strategy[ONLINE] Available from: https://www.btplc.com/Sharesandperformance/Annualreportandreview/pdf/ 2017_our_strategy.pdf [Accessed 02/07/2018]. Horwitz, F. and Budhwar, P. (2015)Handbook of Human Resource Management in Emerging Markets. UK: Edward Elgar Publishing. Fuhl J. (2017)5 HR tech trends to watch in 2018: What the sector says[ONLINE] Available from: https://www.sagepeople.com/about-us/news-hub/top-hr-trends-watch-2018/ [Accessed 02/07/2018].