Human Resource Management: Introduction

HRM is the key to how both employee expectations and business objectives meet.

These articles and the following to come are summaries of Prof. Dr. Armin Trost from Hochschule Furtwagen University (www.hfu-business-school.de).

Innovation is the Mega trend that will lead companies. First problem is that young people will become less and less, while companies need qualified people.

On the other hand, with the rise of Globalization, User Generated Content products become feasible. Those that do not use mobile phones do Sleep more, read more, but in a certain extent they become isolated, uninformed.

Lastly, we must understand that Value of generations change.

Thus, as a company, we ought to:

Acquire right talents.

Give the right rewards.

Support life-long learning.

Build key successors.

Retain knowledge.

Diversity.

Shape attractive work conditions.

Manage strategic changes.

Use latest technologies.

Retain the best talents.

In that sense, HR’s Scope will be:

Strategy & Planning.

Talent Acquisition - Candidate Selection.

Compensation & Benefits.

Learning - Training (Short Term).

Talent Development (Long Term).

Workplace Environment.

Retention.

Change Management.

HR Organization, HR IT, Social Media, HR Controlling.