We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Emerging New HR Concepts - Essay Example

Comments (0) Cite this document
Summary to essay on topic "Emerging New HR Concepts"
The new global business scenario has been demanding a flexible strategy for maintain profitability and increase reach. Companies are compelled to enter into new territories and market. They have to work out well thought strategies and action plans in production, human resource management, supply chain management, product innovation and corporate governance…
Download full paper
Polish This Essay
Emerging New HR Concepts
Read TextPreview

Extract of essay "Emerging New HR Concepts"

Download file "Emerging New HR Concepts" to see previous pages... The structure of an industry has a major role in defining a company's competitive advantage in this global scenario. An industry is conceived as a group of companies that market products which substitute each other. The structure of an industry has a direct relation to its profitability. Service industry can be considered as a classic example in this regard.
Let us write or edit the essay on your topic "Emerging New HR Concepts" with a personal 20% discount.. Try it now
In the post liberalization and globalization era, the concept of outsourcing has gained more attention. Cost is playing a major role deciding the competitive advantage of an organization. Companies are thinking of different options to reduce cost and increase its competitiveness. Outsourcing of production and service has been considered as an effective way to reduce competitiveness. Companies in the western world have been outsourcing jobs and production facilities from their land to low cost areas such as India, Brazil, China and East Asian countries.
With the industrialization process of the 20th century, salary levels and capital cost of Western countries had shoot up substantially and this had been eating up a major pie from companies' profit. There was no sign of reduction of cost and salaries. This has compelled corporates to think of other options. During 1980's companies had find East Asian and Latin American countries as a good destination for moving production and services. While companies in Western countries have good technology, better expertise, capital strength and understanding of the market, these countries provide low cost land, human resource and raw materials. Synergising both these strengths has given companies more competitive advantage in their domestic market. Their production cost has come down sharply with this move. It is considered that high skilled labour, highly professional management team, low cost work environment, best management and HR practices, innovation, understanding of the industry and security measures are the major strengths of the organization in the globalised world. Most of these strengths are adopted by companies do to the particular character of the outsourcing industry. In the early 1990's the industrial scenario in developing countries was quite different from that of western countries. Here companies were least bothered of good corporate governance practices, HR management, cost, profitability, security and customer satisfaction. The state protective measures made the industry inefficient. Companies got huge subsidies for every thing and any thing. But with the entry of multi national companies to these markets, situation has changed drastically and a new corporate governance practice has been established.
In the labour relation also there has been a paradigm shift in the past one and half decade. Technology has played a major role in changing labour outlook and mindset. Also the process of Globalisation, Liberalisation and Privatisation has played a major role in redefining the perception on labor. Today corporates and industry are keener on optimum use of labor and they are always thinking of new ways to improve efficiency and output. The increasing global competition has demanded new approach to the labor. There has been an increasing demand for skilled labor forces. The skill level of the workforce in developing countries was a major challenge for companies moving from western market to emerging ...Download file "Emerging New HR Concepts" to see next pagesRead More
Cite this document "Emerging New HR Concepts"
  • APA
  • MLA
(“Emerging New HR Concepts Essay Example | Topics and Well Written Essays - 2500 words”, n.d.)
Emerging New HR Concepts Essay Example | Topics and Well Written Essays - 2500 words. Retrieved from https://studentshare.org/miscellaneous/1511812-emerging-new-hr-concepts
(Emerging New HR Concepts Essay Example | Topics and Well Written Essays - 2500 Words)
Emerging New HR Concepts Essay Example | Topics and Well Written Essays - 2500 Words. https://studentshare.org/miscellaneous/1511812-emerging-new-hr-concepts.
“Emerging New HR Concepts Essay Example | Topics and Well Written Essays - 2500 Words”, n.d. https://studentshare.org/miscellaneous/1511812-emerging-new-hr-concepts.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
A New HR Strategy for CCD Construction
The company should also promote a participative culture instead of coaching style management in the company. CCDC should design jobs keeping in mind the team based structure of the company. Jobs should be such that keep the interest of the employees alive.
10 Pages(2500 words)Essay
New and Emerging Energy Supply Technologies
New and Emerging Energy Supply Technologies The necessity to create and develop new and cleaner supply of energy is both an imperative of environmental conservation and economics. The urgency of creating and developing new energy supply is urgent due to the damage wrought by the excessive carbon emission of the past and present energy technologies that caused irreversible climate change and other irreversible damage to the environment..
11 Pages(2750 words)Essay
Developing Professional Practice and Using Information in HR
Not much! " (Decenzo and Robbins, 1993) 1. Human resource-people are the most important asset of a company, although not included in the balance sheet or in the accounting statements, as they supports the use of the other existing resources of the organization, giving the measure of its performance.
12 Pages(3000 words)Essay
HR - Final
Work was to do with more tangible, concrete things that could be dealt with in a clear and discreet way. It involved labour and physical activity even if it meant typing, it was quite mechanical involving a lot of mechanical steps and finally having the output of the effort on paper.
14 Pages(3500 words)Essay
New Paradigm for HR
The increasing globalization and other advancements have resulted in imposing serious challenges for the organizations. Owing to the increasing competition in the industry, organizations are using different strategies and methods in order to create competitive advantage in the industry.
7 Pages(1750 words)Essay
HR and Leadership (new)
Many studies have shown that human resource department is instrumental in development of firm’s financial and administrative sectors.Human resource should be carefully constituted as it’s concerned with general organization in terms of policies, employees, goal and objectives to which his organization is geared towards improving its effectiveness and better performance (Boselie, 2005).Leadership can be defined as the way process are influenced in an organization by leaders who have visions and is determined to achieve the organizations set objectives at any cost.Management makes programmed decision affecting organization day to day activities and is concerned with administrative duties r
12 Pages(3000 words)Essay
Emerging Issue assignment- new global initiative
‘The Earth Charter’ puts forward the significance of unity, especially the kind of unity that may help to sustain life on Earth. A very notable fact that throws light to this can be seen in the preamble which writes thus, ‘...we must recognize that in the midst of a magnificent diversity of cultures and life forms we are one human family and one Earth community with a common destiny’ (Preamble).
4 Pages(1000 words)Essay
New Parity concepts to address Globalised economy
Also large and medium corporations are diversifying their production facilities globally in a bid to achieve competitive advantage and higher market presence. Today foreign direct investment plays a major role in the economic development of many countries and they are aggressively trying to attract more investments from overseas countries and corporates.
3 Pages(750 words)Essay
Emerging Issues in Human Resource Management and Industrial Relations
The beginning of the 21st century witnessed careful designing of the working activities. The middle half of the century saw the shifting focus towards employee productivity and management of personnel.
8 Pages(2000 words)Essay
Understanding HR concepts
One major reason for employee training is the rapid changes in the work environment that limits performance within the organization. Each day, the working conditions change and the employees have to adjust to these changes if they have to
4 Pages(1000 words)Essay
Let us find you another Essay on topic Emerging New HR Concepts for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us