Review and Discussion
1. Describe the transformation that HRM is currently undergoing.
Human Resources Management is currently undergoing a transformation from a more operational focus to spending more time on strategy. This focus is allowing them to focus more on the future of the company, being proactive on what their needs will be and establishing protocols that will help them be prepared for any external event.
2. Describe the role of HR in strategy formulation and strategy implementation
HR is now beginning to play a huge role in strategy formulation and implementation by making sure the organization is staffed with the most effective human capital to achieve its strategic goals. This role requires HR to identify and analyze external opportunities and threats and to also be the change agents in an organization as well.
3. Describe how the external environment influences HR
The external environment can influence HR’s future plans by constricting its budget and therefore can affect the employer’s ability to pay wages and provide benefits. Environmental factors include economic conditions, labour market issues, government, technology, and globalization.
• Economic conditions affect supply and demand for products and services.
• Labour market issues include workforce diversity, as well as workforce demographics (aging, training, etc.).
• Government issues include human rights, employment standards, labour relations, health and safety and workers compensation.
• Technology issues include handling social media and the integration of newer technology within the organization.
• Globalization issues include one global market and legal issues across borders.
• Environment issues include recognizing growing markets and environmental obligations
4. Differentiate between organizational culture and organizational climate.
Organizational culture is the core values, beliefs, and assumptions that are widely shared by members of an organization.