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Human Resource Management
IntroductionIn this present paper, we will discuss the two issues related to human resource management, namely, human capital and employment and skill gap and young people. The analysis of both the issues we are discussed in the paper then the conclusion has been made.Human resource management is defined as the management of human resource. It is the function in a company which is developed to maximize the performance of employee according to the strategic objective of the company. It is mainly concerned with the management of humanresource through focusing on principles and policies (Mathis et al., 2016). The department of thehuman resource involves various activities such as employee recruitment, performance appraisal, training and development, designing of employee benefits and others. It is a businessfield which is mainly focusing on maximizing the productivity of the employee. The specialist is concentrating on implementing the policies and procedures which help to manage the human resource in a most efficient and effective manner. The human resource specialist is focusing on various activities such as recruitment, employee benefits, training and development, and others.It is the role of human resource to make sure that the employee can communicate in a cross culture. The issue of human capital and employment is one of the major issues faced by the organization. The human capital is defined as the knowledge, personality, creativity, ability to perform and others which help to produce economic value for an organization (Shaw et al., 2013). The effective utilization of human capital helps to provide a competitive advantage to the company which helps to distinct among the competitors within the same industry. The investment in human capital helps them to work them in a most efficient and effective manner. The employment of right people for the right job at the right time is the duty of human resource
which helps to add value to an organization. Another issue is skill gap and young people who are also a major concern for an organization because the skills are the main element which helps to perform the specific task in an efficient manner. The skill gap is a complex issue which is a gap between the requirements of the job and actual performance of the employee. This gapneeds to be fulfilled by the employer because it impacts on the overall performance of the company. The gap can be fulfilled through training and development program, education, seminars, and others. The knowledge and skills of employees help to perform the particular taskin a most efficient and effective manner which helps to add competitive advantage to the company. Human capital & employmentThe human capital is defined as the sum of knowledge, skills, abilities, personality, ideas, motivation, experience, and others. The quality of human capital leads to the success of an organization. The trends of human capital include demographic changes, the increment in the focus of growth, knowledge, adaptability, increment in the importance of intangible assets and recognition of human capital. The change in the demographics includes aging workforce who impacts on the efficiency of the workforce and it directly impacts on the performance of the company. The companies are focusing on growth which requires improving the bottom line because the effective workforce has the major contribution to the growth of a company. The various key challenges are faced by the company which includes limited supply of human resource with the adequate skills; challenges in recruiting the staff and integrating young employees, best human resource are recruited by the competitors, building of attractive career paths in the industry, difficulty in deploying experienced talent globally, understanding and forecasting talent availability in the emerging markets, and talent with the right technical skills which is due to lack of creativity and flexibility (Winters et al., 2013).
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