hrm as a competitive business model the competition edge: comes from hr value of talent rare talent...
DESCRIPTION
GLOBALIZATION IMPACT Differences/Issues Geographies Cultures Laws Business Practices RewardsTRANSCRIPT
![Page 1: HRM AS A COMPETITIVE BUSINESS MODEL The Competition Edge: Comes from HR Value of Talent Rare Talent (hire, train, motivate best) Not Easy to Duplicate](https://reader036.vdocument.in/reader036/viewer/2022082600/5a4d1b217f8b9ab05999578c/html5/thumbnails/1.jpg)
HRM AS ACOMPETITIVE BUSINESS MODEL
The Competition Edge: Comes from HR
• Value of Talent• Rare Talent (hire, train,
motivate best)• Not Easy to Duplicate
(Teams/Individuals)• Organized Workforce
![Page 2: HRM AS A COMPETITIVE BUSINESS MODEL The Competition Edge: Comes from HR Value of Talent Rare Talent (hire, train, motivate best) Not Easy to Duplicate](https://reader036.vdocument.in/reader036/viewer/2022082600/5a4d1b217f8b9ab05999578c/html5/thumbnails/2.jpg)
COMPETITIVECHALLENGES
CHANGE PROFESSIONWhat are the“Competitive Challenges?”• Globalization• Technology• Change• Human Capital• Market Forces• Worldwide Demographics• Workforce Partnerships
![Page 3: HRM AS A COMPETITIVE BUSINESS MODEL The Competition Edge: Comes from HR Value of Talent Rare Talent (hire, train, motivate best) Not Easy to Duplicate](https://reader036.vdocument.in/reader036/viewer/2022082600/5a4d1b217f8b9ab05999578c/html5/thumbnails/3.jpg)
GLOBALIZATIONIMPACT
Differences/Issues
• Geographies• Cultures• Laws• Business Practices• Rewards
![Page 4: HRM AS A COMPETITIVE BUSINESS MODEL The Competition Edge: Comes from HR Value of Talent Rare Talent (hire, train, motivate best) Not Easy to Duplicate](https://reader036.vdocument.in/reader036/viewer/2022082600/5a4d1b217f8b9ab05999578c/html5/thumbnails/4.jpg)
TECHNOLOGY IMPACT
• Labor vs. Knowledge• Education Levels• Systems
– HRIS– ERP– Database– E-Commerce– PC Revolution
• Websites for Info“Changes the Enterprise Work Processes”
![Page 5: HRM AS A COMPETITIVE BUSINESS MODEL The Competition Edge: Comes from HR Value of Talent Rare Talent (hire, train, motivate best) Not Easy to Duplicate](https://reader036.vdocument.in/reader036/viewer/2022082600/5a4d1b217f8b9ab05999578c/html5/thumbnails/5.jpg)
HRM WEBSITES
www.ilr.cornell.eduwww.shrm.org
www.tcm.com/trdevwww.monster.com
www.dol.govbpo.indiana.edu
![Page 6: HRM AS A COMPETITIVE BUSINESS MODEL The Competition Edge: Comes from HR Value of Talent Rare Talent (hire, train, motivate best) Not Easy to Duplicate](https://reader036.vdocument.in/reader036/viewer/2022082600/5a4d1b217f8b9ab05999578c/html5/thumbnails/6.jpg)
IMPACT OF CHANGE
• No Status Quo• Always on Cutting Edge• Staff Talents Must Adjust• Very High People Resistance• Creates Stress/Pressure/Adoption
![Page 7: HRM AS A COMPETITIVE BUSINESS MODEL The Competition Edge: Comes from HR Value of Talent Rare Talent (hire, train, motivate best) Not Easy to Duplicate](https://reader036.vdocument.in/reader036/viewer/2022082600/5a4d1b217f8b9ab05999578c/html5/thumbnails/7.jpg)
IMPACT ON HUMAN CAPITAL(Not just Financial Capital)
• Competition Through People• Balance Sheet Item?• People Investment
– High Rewards for Performance– Use Talents Wisely– Enhance Talents– Organization Skill Sets
![Page 8: HRM AS A COMPETITIVE BUSINESS MODEL The Competition Edge: Comes from HR Value of Talent Rare Talent (hire, train, motivate best) Not Easy to Duplicate](https://reader036.vdocument.in/reader036/viewer/2022082600/5a4d1b217f8b9ab05999578c/html5/thumbnails/8.jpg)
IMPACT ON GLOBALCOMPETITVE MARKETPLACES
• Talent is Global• Quality Products are Essential• Business Process Management Creates
Competitiveness• Cost Constantly Removed• Speed to Market is Essential
![Page 9: HRM AS A COMPETITIVE BUSINESS MODEL The Competition Edge: Comes from HR Value of Talent Rare Talent (hire, train, motivate best) Not Easy to Duplicate](https://reader036.vdocument.in/reader036/viewer/2022082600/5a4d1b217f8b9ab05999578c/html5/thumbnails/9.jpg)
IMPACT FROMENHANCING GLOBAL
COST CONTROL• Creates Downsizing• Creates Mergers/Acquisitions• Creates Reorganization for
Efficiency• Forces Outsourcing• Encourages Temporary
Workforce– Temporary Workers– Contract Employees/Leasing
![Page 10: HRM AS A COMPETITIVE BUSINESS MODEL The Competition Edge: Comes from HR Value of Talent Rare Talent (hire, train, motivate best) Not Easy to Duplicate](https://reader036.vdocument.in/reader036/viewer/2022082600/5a4d1b217f8b9ab05999578c/html5/thumbnails/10.jpg)
GLOBAL DEMOGRAPHICCHANGES
• Diversity• Age Distribution• Gender Distribution• Rising Levels of Education• Employee Rights – Legal• Employee Privacy• Attitudes Toward Work• Balancing Life Goals with Work Goals