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Hi, need to submit a 1750 words paper on the topic Introduction To Human Resource Management.
Hi, need to submit a 1750 words paper on the topic Introduction To Human Resource Management. It appears that the traditional boundaries between academic disciplines and functional areas are becoming more highly integrated and that the globalization of business is having a significant impact on human resource management and organizational performance. The world of work and organization has become increasingly demanding and turbulent. There are eight major challenges currently facing United Kingdom organizations. These are: globalization, migration of many companies to other economies, increasing revenue and decreasing costs, building organizational capability, change and transformation, implementing technology, attracting and developing human capital, and ensuring fundamental and long-lasting change. Thus, levels of competition among organizations have increased. In the present period of the migration of many companies to other economies, the UK organizations can replicate the technology, manufacturing processes, products, and strategy. On the other hand, personnel management practices and organization are difficult to reproduce, in this manner representing an exceptional competitive advantage. To be successful in the future, UK organizations will have to build organizational capability. Personnel management professionals and personnel management practices will be required to create value by increasing organizational competitiveness.
Traditional views on competitive advantage have emphasized such barriers to entry as economies of scale, patent protection, access to capital, and regulated competition. More recent views have highlighted a different source of competitive advantage, a firm's human resources and behavior of employees at different levels of the corporate hierarchy. New demands facing UK organizations as a result of the migration of many companies to other economies, heightened competition, globalization, and technological advances have put a premium on creativity and innovation, speed and flexibility, as well as efficiency.
