Human resource management in 21st Century

6th April 2023

 Innovations and Human resource management 

With the development of the world even all industries and subjects depict significance changes. New innovations consist of new ideas, solutions, technologies, mechanisms, process and so on. When any industry does not adopt to changes of world, it will be getting expired and totally vanished.

Human resource management also shows rapid changes parallel to the changes and development of the world. Human resource management ised directly link with the financial performance and growth of organizations.

“The ongoing restructuring of management and organization practices designed to cope with an increasingly complex and rapidly changing knowledge-based economy has received increasing attention from scholar from a diversity of disciplines and fields” (Bowman and singh, 1993; Huselid, 1995; Guest, 1997; Zenger and Hesterly, 1997).

New innovations of human resource management lead to drive business success. In this digital world promote more facilities for managing and controlling human resources efficiency and effectively. This innovations affect to different criteria, decision making process, communicating, performance evaluating and so on.


“The notion of “modern HRM practices” has become an increasingly used way of referring to high levels of delegation of decisions, extensive lateral and vertical communication channels, high 5 reward systems, often linked to multiple performance indicators, and other practices that either individually or in various bundles are deployed to achieve high levels of organizational performance” (Ichniowski et al., 1997; Zenger and Hesterly, 1997; Colombo and Delmastro, 2002; Teece, 2007; Colombo and Delmastro, 2008).


New trends with human resource management


More organizations are practicing to restructure of pattern relating to human resource management. Some of them are,

1. Use digital technology

  • More organizations are feeling benefits of digital technology by applying to human resource management.  At present remote working is a famous topic and due to remote working organizations are able to enjoy priceless benefits, another leading thing is using a digital platform for communicating. Digital platform can be defined as the invisible place where people allow to connect and meet via internet. Benefits of digital platform are spreading since employee recruitment to make decisions. 
2. Wider employee engagement

  • At past superiors, like chairperson of the group, CEO and etc., structured as a monopoly for taking decision, giving suggestions and all strategical tasks related to operation of the company. Now this situation has changed. Organizations are practicing and expecting involvement of employees for decision making, offering suggestions, making arguments and so on. This will lead to satisfaction of employees, increase productivity, employee’s loyalty to the organization and increase efficiency.
 3. Talent measuring
  • The organization needs a human resource with better return on investment. That means they need a quality human resource to engage. With the development of technology, there are number of talent analysis tools available for analyzing talents, skills of human resource and identify performance and outperformance areas of each and every human resources who is involved to operation as well as who are expecting to recruit.
 4. Wellness programs
  • In this century organizations need to pay proper attention for wellness of employees. If it is not it will negatively affect to establishment and growth of the organization, as a result of more companies implement programs and activities for fulfilling employee wellness. Companies using to maintain wellness of employees by various ways, such as mental consultancy programs, health campaigns, organize mind relaxing programs, focus for employee work life balance.
5. Skill based data source
  • A Skill-based data source is referred to a gallery that is contained with data and information of qualifications, knowledge, skills that are needed for relevant job position. This will lead to guideline for developing, constructing human resources and identify knowledge gaps.






Advantages to the organization with new innovations of human resource management

 1. Increase productivity and efficiency
  • With the new innovations, different apps and software have been introduced for facilitating to make easy tasks owned to human resources. This will lead to increase in efficiency level of human assets and also affect to productivity and efficiency of business operations.


 2. Communication make stronger                        

  • New technology includes more facilities for the communication. Hence it leads to share information, suggestions and ideas. This will facilitate to contained human resource with all information and create as an updated asset.
3. Facilitate to recruitment
  • At present employer is able to have a wider space for analyzing and gaining more data on job applicants and also recruitment cost is going down. Because analyzing processes related to recruitment can be facilitated by using same platforms such as linkedin, facebook and any other specific Social Medias.
 4. Convenient for data handling
  • With the Development of technology organizations are spending more comfortable with data handling. This can be applied to human resource management to store data of employees, analyze attendance, performance and improvement needed areas etc.
 5. Reach globally
  • Using modern technology, organizations can become better aware of new mechanisms, technologies and methods for managing human resource that are used to developed workplaces.

Conclusion

Innovations of human resource management is the ladder of developing human resource and also it will lead to gain a more and more benefits to organizations. Investing on new innovations for the human resource management is directly link to well- being of all operational activities of the organization.

Reference

  • Bowman, E.H. and Singh, H.1993. Corporate restructuring: reconfiguring the firm, strategic management journal, vol. 14, 5-14.
  • Von Hipple, E. 1988. The source of innovation, Newyork and Oxford, Oxford university press.
  • Ichniowski, C., and Shaw, K. 1999. The effects of human resource management systems on economic performance: An international comparison of US and Japanese plants. Management Science, 45(5): 704-721.

  • Ichniowski, C., Shaw, K., and Prennushi, G. 1997. The Effects of Human Resource Management Practices on Productivity: A Study of Steel Finishing Lines. American Economic Review, 87(3): 291-313.

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Comments

  1. Tharanga WanigasundaraApril 9, 2023 at 11:13 PM

    HRM in the 21st century is focused on creating a positive work environment that supports employee growth and development, fosters innovation and creativity, and promotes diversity and inclusion. Well done..

    ReplyDelete
    Replies
    1. Lalindu WijesingheApril 12, 2023 at 1:51 AM

      yes in this century human resource management is not limited only managing human resource. scope is spreading to all key facts to business.

      Delete
  2. Arjuna kangara April 20, 2023 at 3:23 AM

    21 'St century Human resource management also shows rapid changes parallel to the changes and development of the world. Human resource management isled directly link with the financial performance and growth of organizations. your article very well explaining for it. keep it up

    ReplyDelete
    Replies
    1. Lalindu WijesingheApril 20, 2023 at 8:19 PM

      Hi there, thank you for your feedback. I'm glad to hear that you found the article informative and relevant to the current state of human resource management. As organizations continue to adapt to changes in the global landscape, it's becoming increasingly important for HR departments to stay up-to-date with new technologies and best practices in order to drive business success. By focusing on employee engagement, talent management, and data-driven decision-making, HR professionals can help their organizations achieve sustained growth and competitive advantage. Thanks for your comment.

      Delete
  3. Gamini EdirisingheApril 20, 2023 at 6:04 PM

    The advancements in HR management have brought numerous benefits to organizations. From improved recruitment processes to increased productivity, these innovations have helped organizations to stay ahead of the curve and remain competitive in today's fast-paced business environment.

    Grate article ..!!

    ReplyDelete
    Replies
    1. Lalindu WijesingheApril 20, 2023 at 8:21 PM

      I completely agree with you. The integration of technology in HR management has revolutionized the way organizations operate. Automated processes have made HR tasks such as recruitment, onboarding, and performance management more efficient and accurate. This has not only saved time and resources, but it has also led to better decision-making and improved employee experiences. Additionally, HR analytics have enabled organizations to gain insights into their workforce and make data-driven decisions for improved performance and growth. Overall, the advancements in HR management have positively impacted organizations and their employees, leading to a better work environment and increased success.

      Delete
  4. Chanaka DissanayakeApril 22, 2023 at 10:04 AM

    I personally like the area you described the talent measurement. this is one of the key ares that the world is moving towards. managing employees is not easy if you dont know the potential of the bunch you have in your roof. good article with good materials. nicely driven flow to strenthen your topic. good research and attractive. good luck.

    ReplyDelete

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