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Survive and Thrive in Changing Environment with Hrm

In: Business and Management

Submitted By BlairDing
Words 684
Pages 3
Companies are bound to be promptly responsive to the rapidly changing environment by setting forward-thinking long-term strategy and executable short-term goals, which is of vital importance to survive and thrive in this era. Evidently, appropriate HR strategy and practice is an integral part of the package. This essay concentrates on the utility of human resources management to counter both external and internal environment changes. To begin with, flexibility is the prime issue for the company to deal with, skirting the risks from the changing nature of the external environment. Thus, a flexible workforce is fundamental. Besides, specific shift in technology and culture would also have a considerable influence on recruitment channels and selection criteria. While the external environment is more likely to deal with the issue in macro level, the implication of micro-level changes inside the company is of same importance given its significant implication. For instance, increasing possibility of labour disputes could bring serious consequence. This phenomenon probably rises out of the increasing awareness of basic right as an employee; and it could be cured by well-designed HR policies. Moreover, turnover of the incumbent could also add huge cost to the company operation, especially that of managerial level. The contribution of HR planning is more than minimizing the turnover rate, given certain mobility is necessary. In addition, HR planning should continuously take timely replacement into consideration.

The essential idea of change management is to get prepared way before the change has occurred. A company may be not aware of the exact new products it would produce in five years, while it should be certain of the capability to shift. Undoubtedly, a flexible workforce is the ultimate momentum. Azizi & Liang (2013) defined workforce flexibility as an organization's…...

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