PEOPLE MANAGEMENT

People Management

People Management

Introduction

People Management is one of the most important and emerging issues faced by managers today. The workforce today is more diverse than ever signifying disparate backgrounds and differing values and thus managing the workforce today comes with significant challenges. Furthermore, the legislations pertaining to the workforce or employees and the advancement of technology add greatly to the myriads of challenges already facing Human Resource managers. For instance, legislations such as Recovery Act 2009 and healthcare reform bill that was passed in the March of 2010 guaranteed immediate impact on the organizations and its people management practices. It is illustrated in the fact that Recovery Act mandated the employers to pay 65% for the insurance of their ex-employees who are entitled for Consolidated Omnibus Budget Reconciliation Act (COBRA) COBRA benefits. Corporate world and the way it used to work is changing with the introduction of new labor laws, talent shortages, globalization, and shifting demographics. And it is expected that these changes will only accelerate in the wake of convergence of incongruent factors. Thus, if they are not addressed and managed properly in time, it would prove detrimental to the business performance and organizational well-being.

Discussion

Managers are aware that the prime critical success factor (CSF) for any organization is their Human Capital which is responsible for either the success or failure of an organization. The key determinant of their performance and resultant success or failure is however, the people management practices employed by the organization. For effective Human Resource Management practices, it is imperative to undertake constant evaluation of the system to highlight, prioritize and rectify the issues plaguing the practices.

There are various aspects of People Management that are of huge significance but yet have not been addressed by the managers appropriately, impacting the organization negatively. We will be critically appraising one such people management related issue so as to widen the theoretical and practical understanding concerning them. This is imperative in understanding the effective people management practices as well as the loopholes that exists in the organizational management system so as to evolve the system accordingly. It is essential in making aligned recommendations that could further enhance the human capital productivity.

HR Issue

Technology

The advancement of technology has greatly impacted organizational structure and the way work used to be done. Employees are now remotely placed with the expectation that they work for the organizations with same dedication and devotion. The use of telecommuting and the establishment and maintenance of remote relationships in the office settings are used and gaining much more importance than before.

They are embraced as norms across various organizations. In addition to them resulting in significant cost cutting for the organization, this is favorable for employees as well who are given flexibility through the provision of flexible work schedules or arrangements. This thereby results in greater productivity in some cases where employees are more adapted to remote working with flexible work schedules. Hence this issue is identified as one of the most important issues pertaining ...