Leolingham2000
Management Consultant
Debraj Ghosh
Hr Outsourcing Business
No_Fear
Student

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Hi all
I need 4 different ways market demands will change the way HR department will do business.
Also I need to know 4 indicators that can be used to predict the future market and supply trends and how they will affect HR management

I will try 4 different ways the market will change HRM:
1. A keener look will be taken at judging competencies. It will be important
-- you know, right man for the right job.
2. Traditional thoughts will find a pride of place in policy-making: pride
against market globalization.
3. Lesser dependance on manpower: automation/IT will be resorted to in
a greater way to ease problems in people management.
4. Outsourcing of several core HR and allied functions (like facilities
management etc.) to help create en fin virtual organizations.
I might be wrong; it was an exercise of my imagination (Mick Cope says imagination is intelligence having fun. www.mickcope.com)
Regards,
Debraj.

THIS IS A MACRO APPROACH.

WHILE APPLYING IN PRACTICE, YOU SHOULD USE

MICRO DATA AND REAL LIFE SITUATIONS.

AS a broad guideline, the Human Resource Market is affected by

1.Participation in the labor force

-employed, those in paid jobs.

-unemployed, those looking for jobs.

FOR INDICATORS, LOOK AT THE NATIONAL ECONOMIC

INDICATORS, WHERE THE INDICES ARE PUBLISHED

---------------------------------------------------------------------------------------

2.Supply , the demographic

-population growth [ growth rate]

-male / female breakdown

-education growth rate

FOR INDICATORS, LOOK AT THE NATIONAL ECONOMIC

INDICATORS, WHERE THE INDICES ARE PUBLISHED

---------------------------------------------------------------------------------------

3. Demand

-growth rate in the economy [ GDP figures]

-industrial / business services/other service sectors growth rate

FOR INDICATORS, LOOK AT THE NATIONAL ECONOMIC

INDICATORS, WHERE THE INDICES ARE PUBLISHED

---------------------------------------------------------------------------------------

4. OTHERS

-change in technolgy introduction rate

-productivity improvements

-change in skill requirements.

FOR INDICATORS, LOOK AT THE NATIONAL ECONOMIC

INDICATORS, WHERE THE INDICES ARE PUBLISHED

---------------------------------------------------------------------------------------

All the above listed factors / changes within them will

affect the HR MARKET, in any one or more than one

KEY RESULT AREAS.

This will call for strategic changes of the HR direction.

KRA 1 Recruitment / Selection

KRA 2 Workforce Planning and Diversity

KRA 3 Performance Management

KRA 4 Reward Management

KRA 5 Workplace Management and Relations

KRA 6 A Safe and Healthy Workplace

KRA 7 Building Capabilities and Organisational Learning

KRA 8 Effective HR Management Systems, Support and Monitoring

=================================================

EXAMPLE 1

1. The general economy is growing at 8% and the BPO

business service sector is growing at 35% ,

this means there will be significant demand for trained

staff and perhaps short supply.

The KRAs affected will be

KRA 1 Recruitment / Selection

-speedy / smart selection

KRA 4 Reward Management

-market oriented rewards

KRA 5 Workplace Management and Relations

-motivational programs



KRA 7 Building Capabilities and Organisational Learning

-multiskilling

=================================================

EXAMPLE 2

2. The economy is in recession.

This means there will be surplus supply of staff and

lower demand for staff.

The KRAs affected will be

KRA 2 Workforce Planning

-effective HR planning

KRA 3 Performance Management

-effective performance appraisals

KRA 5 Workplace Management and Relations

-motivational programs

KRA 8 Effective HR Management Systems, Support and Monitoring

-effective use of HRIS systems to monitor .

==============================================

EXAMPLE 3

The introduction of of new technology.

This means there will shortage of knowledge/ skills.

The KRAs affected will be

KRA 1 Recruitment / Selection

-new tech. recruits

KRA 2 Workforce Planning and Diversity

-strategic hr planning.

KRA 3 Performance Management

-new criteria for PM

KRA 4 Reward Management

-revised rewards system

KRA 7 Building Capabilities and Organisational Learning

-new knowledge training

=================================================

EXAMPLE 4

DEMAND FOR PRODUCTIVITY IMPROVEMENTS/GLOBALIZATION

PROGRAMS .

This means demand for changes in business skills.

The KRAs affected will be

KRA 1 Recruitment / Selection

-change in recruitment policies

KRA 2 Workforce Planning and Diversity

-change in workforce structure

KRA 3 Performance Management

-change in performance criteria

KRA 4 Reward Management

-performance based rewards

KRA 5 Workplace Management and Relations

-effective supervision/ people management skills



KRA 7 Building Capabilities and Organisational Learning

-more training of staff / middle management

KRA 8 Effective HR Management Systems, Support and Monitoring

-effective HRIS systems to monitor.

=================================================

HOPE THIS IS USEFUL TO YOU.

REGARDS

LEO LINGHAM

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