World of working population changes and their implications under HRM

 

Blog 3

World of working population changes and their implications under HRM


Introduction

Human resources are now in a state of dynamic evolvement, and as it becomes increasingly strategic while maintaining its operational responsibilities, it is under relentless pressure to negotiate a complicated and challenging environment (CIPD, 2019).

Human resources are now up to date on the latest techniques and technologies as it is essential for companies who hope to maintain their competitive advantage in the twenty-first century (Nasir, 2017). Furthermore, Human resource management (HRM) has undergone several of the most dramatic transformations in the new century.


The role played by the HRM managers

 

The role of HR managers has evolved from merely dealing with personal difficulties to planning and implementing complex organizational plans. Accordingly, as per the statistics, the number of individuals who work more than the considered range of work is increasing worldwide. According to World Population Prospects 2019 (United Nations, 2019), by 2050, 1 in 6 people in the world will be over the age of 65, up from 1 in 11 in 2019.

When specifically looking into the Sri Lankan aspect, beyond the alterations brought about by covid-19, job automation has had a big impact on how one does business which directly affects the human resources area of work (International Labor Organization, 2020). It is a breakthrough that impacts not just what human resources managers do but also how and where they show the ability to systematize recurring activities.

Work-life balance of the working population



Human resource managers are in a unique position to help employees adjust to the changing nature of work (University of Minnesota, 2016). Furthermore, these statistics would include areas such as mortality risks, general health conditions, nature and rate of operation, efficiency, and other socio-economic factors as the employees grow older which can also be seen as changing factors when compared to a decade ago. This has advantages as well as adverse effects on the current world status. However, building a healthy work-life balance is considered a crucial and vital area that HR managers are now fully engaging in. 

 

The five main areas are currently looked upon by the strategic HR managers who actively tries to build this balance. Policies, benefits & facilities, training, change management and Counselling are considered the five main activity areas. An individual's experience is measured upon the efficiency and years of work yet that might be a decrease due to time as one age (Mark, 1956). Simultaneously, assisting to balance the workloads and cultivating a positive work environment for employees at work is now considered a growing area under the HR division.

Conclusion

Due to the ongoing situations, many companies are cutting down on their employees as they are facing financial issues. However, they still maintain to provide or complete the same workload whereas now it is divided among the few remaining employees. This has affected the employees in an adverse spiral. However, it is important that the HR managers assist these individuals to perform at their best during work while providing support through building a positive work-life balance. This would ultimately result in an increase in job satisfaction, a decrease in work stress, and an increase in retention rate.

 

Reference

CIPD (2019). Changing world of work: implications for HR | Reports. [online] CIPD. Available at: https://www.cipd.ie/news-resources/reports/hr-implications-changing-world-work [Accessed 19 Mar. 2022].

International Labour Organization (2020). The impact of the COVID-19 pandemic on jobs and incomes in G20 economies. [online] Available at: https://www.ilo.org/wcmsp5/groups/public/---dgreports/---cabinet/documents/publication/wcms_756331.pdf.

Mark, J.A. (1956). Measurement of Job Performance and Age. Monthly Labor Review, [online] 79(12), pp.1410–1414. Available at: https://www.jstor.org/stable/41844745 [Accessed 19 Mar. 2022].

Nasir, S. (2017). Emerging Challenges of HRM in 21 st Century: A Theoretical Analysis. International Journal of Academic Research in Business and Social Sciences, [online] 7(3). Available at: http://hrmars.com/hrmars_papers/Emerging_Challenges_of_HRM_in_21st_Century.pdf.

United Nations (2019). Home | United Nations. [online] Un.org. Available at: https://www.un.org/en/.

University of Minnesota (2016). 1.1 What Is Human Resources? [online] Umn.edu. Available at: https://open.lib.umn.edu/humanresourcemanagement/chapter/1-1-what-is-human-resources/.

 

Comments

  1. Lakshitha MBA 2022 FEBApril 12, 2022 at 7:58 AM

    Human resource managers are in a unique position to help employees adjust to the changing nature of work.However, building a healthy work-life balance is considered a crucial and vital area that HR managers are now fully engaging in. 👍all the best

    ReplyDelete
  2. Kawshi M. Perera ♥️April 13, 2022 at 3:46 AM

    HR managers' responsibilities have shifted from dealing with personal issues to developing and implementing complicated organizational strategies. You have clearly explained about this topic . Good attempt .Wish you all the best!!!

    ReplyDelete
  3. Tharindu L BandaraApril 26, 2022 at 8:11 AM

    Hi, This has become a topic of discussion as we move forward with the new world and new technology. As you can see, this has a direct bearing on Policies, benefits & facilities, training, change management and counseling. I agree with you. You have explained it well. All the best!

    ReplyDelete
  4. Kawshi M. Perera ♥️April 26, 2022 at 8:28 PM

    HR managers must help these employees perform at their best at work while also supporting them in achieving a healthy work-life balance. Job happiness, work stress, and retention rates would all improve as a result of this.Well written .Keep it up....!

    ReplyDelete
  5. Arjuna Medagama MBA #24April 28, 2022 at 10:16 AM

    Due to this situation most of the employees are facing serious work load with serious job pressure .due to this most of the young generation reluctent to join to companies and they are selecting some online jobs.very sooner this will lead to some serious issues.

    ReplyDelete
  6. Jaliya RajaguruMay 7, 2022 at 7:44 AM

    Work life balance is very important. It'll help the employees to reduce work pressure and to come with new innovative ideas.

    ReplyDelete
  7. SureshMay 7, 2022 at 11:43 PM

    well explain on topic.good luck.

    ReplyDelete

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