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Trends in HRM and US Labor Market Analysis

Explore the key trends and changes in the US labor market, including demographics, skill requirements, HRM practices, and technological influences on HRM. Understand the importance of adapting to new technologies and developing a diverse workforce.

josephinebrooks
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Trends in HRM and US Labor Market Analysis

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  1. Chapter 2 Trends in Human Resource Management

  2. US Labor Market • Definition • Internal labor market – the workers an organization already has • External labor market – individuals actively seeking employment • Expected Changes • Demographics • Skill requirements MGMT 422 - Chapter 2

  3. US Labor Market Age Distribution MGMT 422 - Chapter 2

  4. US Labor Market Ethnic Distribution 2012 MGMT 422 - Chapter 2

  5. HRM Practices that Support a Diverse Workforce MGMT 422 - Chapter 2

  6. High Performance Work Systems • Organizations that have the best possible fit between their social and technical systems • New skill requirements • Specialized knowledge • Judgment and decision making • Interpersonal communication MGMT 422 - Chapter 2

  7. New Skill Requirements • Knowledge workers – employees whose main contribution to the organization is specialized knowledge (customers, process, or profession) • Employee empowerment – giving employees responsibility and authority to make decisions • Teamwork – the assignment of work to groups of employees with various skills who interact to assemble a product or provide a service MGMT 422 - Chapter 2

  8. Strategic Issues Affecting HRM MGMT 422 - Chapter 2

  9. Technological Change in HRM • Human resource information system (HRIS) – a computer system used to acquire, store, manipulate, analyze, retrieve, and distribute information related to human resources. • Electronic business (e-business) – using the Internet to gain an advantage or keep up with competitors • e-HRM – processing and transmitting digitized HR information MGMT 422 - Chapter 2

  10. New Technologies Influencing HRM MGMT 422 - Chapter 2

  11. Change in Employment Relationship • The psychological contract – what an employee expects to contribute to and gain from an employment relationship • Flexibility/Alternative work arrangements • Staffing • Work schedules MGMT 422 - Chapter 2

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