HRM Strategies for Fulcrum Digital: Change Management, Learning and Development, and Leadership Development

Human Resource
Management

Table of Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................1
Change Management..............................................................................................................2
Learning and Development....................................................................................................4
Leadership Development........................................................................................................6
CONCLUSION................................................................................................................................8
REFERENCES..............................................................................................................................10

INTRODUCTION
Human resource management is a branch of management that focuses on enhancing the
experience of people i.e. staff members employees and labourers working in the organisation.
Fulcrum Digital is an IT organisation that was established in the year 1999, and it is
headquartered at Jersey City, New Jersey. The report will cover discussion about current issues
that are faced by human resource management in order to help them frame effective and efficient
policies to enhance the performance of human resources in an organisation. The report will
outline human resource strategies that should be developed and enforced within various
functions of an organisation. Moreover, the report will demonstrate very strategies that could be
used by managers to enhance the engagement of employees and developers sense of
belongingness within them for the organisation. The report at the end will cover discussion about
critical approaches, principles, models and concepts of HRM theories and practises that could be
used by an organisation for its benefits and its employee’s optimisation.
MAIN BODY
Human resource management is a broad concept and it consists of various functions to be
performed among the various departments within an organisation (Brewster, Mayrhofer and
Farndale, eds., 2018). There are various functions and fields of HRM such as change
management, measurement of HR effectiveness, retention of staff members, recruitment to fulfil
the requirement of skilled labour force, training and development, remuneration and
development of leadership that are required to be performed by human resource managers.
Changes and Development in Current Era that Influences an organisation’s HR strategy
Due to continuous changes in the environment of an organisation, human resource
management has to face many challenges due to changing trends and development that affect the
working of individuals. To deal with these changes human resource management needs to
understand and analyse what the changes are and how it affects the human resource in an
organisation. The consistent change in HRM involves:
 Increasing Needs of employees: In recent scenarios it has been observed that employees
are highly educated and well aware of their rights, duties and responsibilities in an
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organisation. Their employees are becoming more demanding in terms of their rights,
responsibilities, duties and roles and they raise their voices and conduct protests
whenever their expectations are not fulfilled.
 Diversity in people: Today's world is full of complexity and diversity, and employees are
also so different in terms of their cultural background, age, religion, gender etc. The
employees are demanding equal treatment of all as well as equal pays for everyone
working at the organisation.
 Advancements of skill requirement: Recruitment and selection of employees who have
the desired level of skills and knowledge to perform a task is a necessary function of
human resource. In today's world the requirement of skills and knowledge is high as
compared to the duration before 10 years ago.
 Downsizing in Corporates: Many organisations across the globe after pandemic have
changed their strategies to gain more cost advantage bi corporate downsizing. Corporate
downsizing aims at reduction in the amount of employee force that is working within an
organisation so that the company could gain lower cost advantage on their production
(Jones, Harrison and Felps, 2018).
Change Management
The Change management can be explained as a systematic method that assists and
company to adapt and implement changes in its strategies, tools, methods, resources,
management, etc. within an organisation (Lawler and Boudreau, 2020). The process consists of
selecting, adapting and identifying changes in the business environment with the purpose to
implement various business strategies, structures, methods and technologies according to those
changes. To understand change management that could promote HR strategies in Fulcrum
Digital are elaborated under.
Lewin's 3 Stage Model of Change
This model involves three steps i.e. de-freezing, making changes, and re-freezing that are to
be performed in order to initiate change management practice within an organisation (Novoa,
and et. al., 2018). The complete process is based on making changes in order to create desired
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