Answer:
1. Competitive Challenges 2. Emerging Challenges 3. Recent Challenges 4. Future Challenges 5. Common Challenges.
Step-by-step explanation:
The competitive challenges of HRM are:-
1: Some future challenges of HRM are:- 1. The Role of HRM Manager 2. Flexibility and Diversity at Workplace.
2: The common challenges of HRM faced by HR professionals in India are:- 1. Recruitment, 2. Attrition, 3. Salaries and Bonuses, 4. Job Satisfaction and 5. Training.
2. Ever Changing Impact of Technology on HRM
i. Knowledge based training has become very important.
ii. The shift from ‘touch labour’ to ‘knowledge workers’ has resulted in retraining of employees on higher responsibilities.
3. Role of HR in Change Management:
i. Most of the companies report at least one change initiative occurring in the HRM.
ii. HR managers have to concentrate on responsibilities, job assignments and work process whenever change occurs.
Role of HRM in Retaining and Managing Human Capital:
i. Documenting the skills and capabilities available to the organization.
ii. There must be effective training skill enhancement and opportunities for development on the job.
5. Responding to Market Forces:
i. Managers create an environment for change.
ii. Reengineering efforts depend on effective leadership and communication processes. It requires the administrative systems reviewed and modified.