HUMAN RESOURCE CHALLENGES

Human Resource Challenges

Human Resource Challenges

Introduction

Human resources can be a crucial differentiating factor in the markets more competitive today. Indeed, several human capital challenges already hold the attention of business people, such as: the evolution of global demographic trends combined with the growing scarcity of talent, financial scandals and the accentuation of regulatory issues and technological innovations that allow new ways of working, increasing globalization of the economy, increased outsourcing options and outsourcing and of course the continual pressure to increase profitability and performance.

However, the HR manager is at the heart of these challenges. These days, it must increasingly act as a strategist and project manager, that is to say as a leader who manages the HR function and operations team, but which maintains a partnership with the CEO and members of the Board on a number of strategic issues (Ryan 2006, p. 276). It is expected to play a leading role in developing and shaping the business strategy, not "just" in staffing.

The role of the HR manager as a leader of business is evolving and has never been more timely and relevant.

As it is apparent that issues and challenges that are faced by the Human Resource Management are crucial, therefore, tn this paper, we will discuss the two important challenges that are faced by the Human Resource Management in the current years.

Discussion

Efficiency of Human Capital and Balanced Scorecard

In this perspective, management of human resources is increasingly seen as a service provider whose clients are executives and employees of the company. While talent management has become one of the levers of performance, it is still necessary to measure the profitability of the action plans implemented (Boselie 2009, p. 469). The human resources management and must account for its ability to create value, as well as other operational management, and ...