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You will be able to learn how firms gain sustainable competitive advantage with and through people. You will be able comprehend the concept of globalization and the impact it has created on human resources management. This awareness will provide a perspective with which to interpret current practices, problems, and issues more clearly. This chapter is designed to make you aware of the challenges of human resources management that you will encounter in the work environment. In reading this chapter you will be able to understand how information technology challenges managers and employees. This chapter will also acquaint you with the growing body of knowledge being accumulated within the field. In this chapter you will learn the importance of change management and the following tools that are utilized by HR managers, such as, the development of intellectual capital and how TQM and reengineering challenge HR systems. Finally, you will able to learn the roles and competencies that challenge HR management. You will be able to understand the impact of cost pressures on HR policies and changing demographics and employee concerns pertaining to HRM.
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After studying this unit you should be able to
Identify how firms gain sustainable competitive advantage through people.
Explain how globalization is influencing human resources management.
Describe the impact of information technology on managing people.
Differentiate how TQM and reengineering influence HR systems.
Discuss the impact of cost pressures on HR policies.
Discuss the primary demographic and employee concerns pertaining to HRM.
Provide examples of the roles and competencies of today's HR managers.
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Most students are worried legitimately about jobs and career prospects. Career Counsel is a feature at the end of each chapter designed to help students manage their working lives and to prepare for a career. The assessment exercises are designed to encourage introspection and self-discovery. We encourage you to complete these exercises on the Managing Human Resources website and compile them into a separate career planning workbook. Start by accessing http://hrm.nelson.com.
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