PRINCIPLES AND PRACTICES OF HUMAN RESOURCE MANAGEMENT

  (Image Source  : https://www.usemultiplier.com/blog/globalization-in-human-resource-management )   WHAT IS GLOBALIZATION? The increasing connectivity and interdependence of the world's economies, communities, and cultures is referred to as globalization. It is a process that has been accelerated by advances in technology, transportation, and communication, which have made it easier for commodities, services, people, and ideas to flow across boundaries. Globalization has resulted in the spread of western culture and ideals, as well as the emergence of a global market economy. It has also sparked worries about inequity, environmental degradation, and the deterioration of local cultures and customs.   GLOBALIZATION IN TERMS OF HRM Human Resource Management (HRM) is concerned with the recruitment, retention, and management of an organization's employees. It is a driving factor behind employee satisfaction, and this type of people management plays a significant part in ...

      (Image Source: https://stock.adobe.com/search?k=talent+management ) WHAT IS TALENT MANAGEMENT? Talent management is a set of processes and practices aimed at attracting, identifying, developing, and retaining talented employees within an organization. It involves strategic planning, performance management, employee development, and succession planning, all aimed at ensuring that the organization has the necessary talent to achieve its business objectives. Talent management is a critical function of HR, as it helps organizations to identify and nurture the skills and capabilities of their employees, aligning them with the organization's goals and objectives. By investing in talent management, organizations can build a strong pipeline of talent and develop a competitive advantage in the marketplace.   TALENT MANAGEMENT PROCESS The process of talent management could be considered, beginning with recognizing the need for talent and progressing to filling that gap a...

  (Image Source: betanews.com) WHAT IS EMPLOYEE METAVERSE The employee metaverse refers to the use of virtual or augmented reality technologies to create a virtual workplace where employees can interact, collaborate, and engage with each other and their work environment. This concept is still in its early stages and is being explored by companies looking for innovative ways to enhance employee engagement, productivity, and creativity. In an employee metaverse, employees can create avatars that represent them in the virtual space and communicate with each other in real-time using voice and text chat. They can also participate in virtual meetings, attend training sessions, and collaborate on projects in a shared digital environment. Some companies are already exploring the potential of employee metaverse as a way to enhance their remote work capabilities and foster a sense of community among distributed teams. However, the technology is still in its early stages, and there are many q...

  (Image Source: hibob.com) Today, many firms, both large and small, recognize the value of addressing employee well-being in order to boost productivity and overall economic performance. While employee well-being is important, it is unfortunately insufficient to produce a thriving firm. To establish a really healthy business, organizations must look beyond only employee mental health in the workplace and embrace a holistic approach that includes everything from the physical environment to company culture and leadership. As an employer or human resource manager, it is your responsibility to identify what elements might bring this purpose to light. This essay will explain what a healthy organization looks like and how to successfully transition your organization. ( Verasai A, 2023) EMPLOYEE WELL BEING                                        ( https://youtu.be/3xqbkPiqbxQ ) Employ...

  STRATEGIC EMPLOYEE RESOURCING & RECRUITING (Image Source: https://www.freepik.com/free-photos-vectors/talent-management }   WHAT IS RESOURCING? Resourcing is a broad term that encompasses many different concepts. It's a somewhat flexible term with different definitions depending on an organization. The word is most commonly used by organizations to describe how they attract and recruit individuals to the right roles at the right time. In this situation, resourcing refers to the use of workforce planning data and analytics, as well as recruitment sources.   In some organizations, resourcing refers to the act of assigning work to employees and determining which teams are in charge of accomplishing specific tasks. It refers to the process of determining which employees are most equipped to complete a task while reducing expenses and maximizing value to the organization as a whole. (Fear C, 2021)   TRADITIONAL EMPLOYEE RESOURCING PROCESS There a...