Current or Historical Event Analysis with Respect to Human Resource Management - Essay Example

It is well presumed in the industry that the only thing that is constant in the present world is the word ‘change’. The massive developments in the fields of information technology and communication processes have changed the entire flow of the industry along with the terms of trade. The effects of globalization have made the world much smaller, just within the few clicks of the computer mouse.

The changing terms of the business and the industry also have considerably affected the perceptions and aspirations of the professionals. The life of the workers and employees is much faster in the present day and it has affected the elements of the motivation of the employees

In order to ensure efficient performance of the team and that of the overall organization, it is really crucial that the team leaders or the project managers, or those in charge of the group understand the matters of employee motivation. The leaders or those responsible for making things happen should know the exact factors that motivate the workforce to perform better. There is little doubt that the sector of knowledge workers forms a considerable portion of the industry. And one of the most astonishing facts has been that the motivating factors of the industry that were perceived to date by the business leaders and the managers have been written off by a recent multiyear study as reported by the Harvard Business Review. Prior to announcing the results of the multiyear study, the Harvard Business Review conducted a survey among more than 600 managers of more than 12 companies.

The result of such survey had depicted that the factors like recognition, interpersonal support, incentives, clear and concise goals, and assistance for making progress as the major features of the workplace to keep the human capital motivated, but a recent multiyear study have proved the entire set of the options generated from the survey as wrong. The multi-year study that has focused on the day-to-day activities and various emotional and motivational considerations has concluded that not a single of the five factors contributed towards the motivation of the knowledgeable professionals.