HRM TRENDS IN THE MODERN ERA

  Technological Unemployment - What is it? When technological developments like AI and automation replace human workers, a condition known as technological unemployment occurs (Techopedia, 2023) . As new technologies revolutionise our work processes, bringing about both efficiency gains and job losses across many sectors, this idea is more important than ever. Although technology has the potential to improve efficiency and provide new opportunities for creativity, it has also prompted discussions about the future of work and the skills that will be valued. This presents a complicated problem for today's workforce. Watch this video for better insight on technological unemployment Source: (Carnegie Council for Ethics in International Affairs, 2020) What do Numbers Say ? As per an analysis by IMF, nearly 40% of the world's workforce is impacted by AI in some way. (IMF, 2024) . About 60% of occupations in developed economies may be affected by AI. The projected AI exposure in...

Introduction Paid leave benefits employees by improving their emotional well-being, social welfare, and work-life balance. It also helps companies attract and keep skilled workers. However, finding the right balance for optimal paid leave is not easy. It's important to consider all factors and have a clear procedure to meet everyone's needs and keep the business running smoothly. To understand paid leave preferences, companies are required to conduct surveys and be objective. There are different types of paid leave, including vacation, sick, paternity, bereavement, and personal leave. Each type serves a different workplace need, so it's important to differentiate between them. Meeting Employee Needs As workforce requirements can differ and be customized, the number of paid days of leave should align with the needs and expectations of the workers. Human resources requires consideration of factors which include industry standards, employees’ demographics, and cultural c...

  What is Succession Planning? The goal of succession planning is to find and develop future leaders and key employees for the company (Peregrine Research, 2020) . Whether a company is big or medium-sized, it is wise to invest in succession planning as a long-term strategy to protect itself against future disruptions or unexpected job openings. Succession planning, which typically lasts between one and three years or even more, entails preparing individuals to confidently and skillfully take on new roles. This is much needed for business continuity. Check out this video for better insight into succession planning and its importance Source: (Station Chase, 2023) Where to Start? Identifying key positions vital for the company's future is the first step in succession planning. These roles should significantly influence the company's strategy, competitive edge, customer satisfaction, or operational efficiency. This involves analysing the organizational structure, strategy, curren...

Introduction Modern slavery, involving child labour, forced labour, and human trafficking, continues a grave issue within global supply chains, as emphasized by recent research (Han et al., 2022). This recent form of slavery catches individuals in situations of severe utilization, often removing them from the ability to leave their working situations (Bales, Trodd, and Williamson, 2009). Despite the secret nature of modern slavery, estimations from organizations such as the International Organization for Migration (IOM) and the International Labour Organization (ILO) suggest that millions of persons worldwide are exposed to this form of exploitation (Han et al., 2022). This utilisation takes various modes, including human trafficking, forced labour, and unlawful employment, severely limiting the sovereignty of workers and imposing considerable suffering (Trautrims et al., 2021). Modern Slavery in 21 st Century Modern slavery is a prevalent incident in today's world, linking variou...

  I ntroduction Competition among businesses has become fiercer, leading organisations to focus on increasing employee satisfaction, which ultimately leads to happier customers and success. A new approach called "employee first, customer second" has emerged, emphasizing creating a positive and secure workplace environment where employees feel valued and involved. Organizations prioritise employee well-being, aiming to create a positive work environment where employees feel appreciated, confident, and engaged. This approach recognizes the link between employee satisfaction and customer satisfaction, as contented employees are more likely to provide exceptional service, and building strong customer relationships can be a long-lasting one. By adopting the "employee first, customer second" philosophy, organizations can reduce employee turnover and lower recruitment and training costs. This fosters continuity and stability for employees, increasing  their commitment ...

  Due to rapid technological advancement, automation, digitization, and AI have been incorporated into many economic sectors. These technologies have caused a technological revolution in the workplace. Despite their efficiency and productivity gains, these technological advances have caused workforce shortages in several areas. Despite their occurrence, this is the case. This article explores the technology-induced workforce shortage in detail. This study's findings are there. This article also discusses several ways to address this issue (Magnus-Eweka, 2023.) One reason for the labour shortage is the rise in automation technology. To clarify, work automation technology could dramatically change job duties. The automation of human professions has made some skills obsolete. This has reduced skilled labour demand. Thus, the labour market has declined. These tasks involve repetitive data entering and manual processing (Makridakis, 2017). These include procedure procedures. Due to this...

  Another Amazon activity is strategic workforce planning using human resource analytics. Amazon's commercial operations rely on HR analytics. Because Amazon employs people from several business units, workforce planning is difficult but crucial. This makes workforce planning difficult but essential. Human resource analytics may help firms maximize staff, identify skill shortages, and predict future needs. Amazon studies employee performance, turnover, training results, and market trends to develop its people planning strategy. All of these elements influence corporate strategy.  Eff ective people planning is crucial for strategic alignment with company goals during business operations. HR analytics may help companies align employee actions with corporate objectives. Businesses and other organizations can use this technology. Data insights in this blog post deepen HR analytics understanding for workforce planning. This blog article explains this. Optimizing human composition,...