This Slideshare presentation is a partial preview of the full business document. To view and download the full document, please go here: http://flevy.com/browse/business-document/21st-century-organization-trends-and-importance-of-human-factor-634 Globalised sales, manufacturing, research and management: * Diversified and Heterogeneous work force, Innovation and conflict * Flexible rules and procedures * Customizable employment relationships, telecommuting, job-sharing and pay for skills * Fewer levels of management * Work force are empowered * Fewer differences in responsibility across levels * Networked * Direct communication across units and firm boundaries ignoring chain of command * Cross unit and team structure * Outsourcing and downsizing * Strategic alliances with competitors and Customization and how to face various management challenges through HRM. There are answers in these slides.

1. Human Resources Management
(The importance of human factor)
21st Century Organization Trends
1

2. Today's management
challenges
Global efficiency and Local responsiveness
Speed
Customization
Ownership
4
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3. Value chain model of HR
• Ethos
• Core
purpose
• Culture
• Mission
• Business and
people
strategies
• People
management
• Policies for
high
performance
• Work ethic
• Applied by
effective line
managers
• Ability
• Motivation
and morale
• Build as
social capital
7
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4. Role of HR Manager in linking
business strategy
Core values
Critical success factors through People:
Financial performance, Operational
performance and market share
Translating in to Business score card:
Linking vision and strategy, Customer perspective
and internal business perspective
10
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5. Challenges to HR Manager
Managing culture
Taking global to the company
Managing attrition
13
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6. 1
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