Global Human Resource Management Strategies and Practises

 Importance of Securing a Healthy & Safe Work Culture  Figure 1: Melvin D. (2021)- Professional Development. Job Satisfaction. Mental Wellbeing. Does it matter? - THE MSL (themsljournal.com) One of the most common reasons for people to quit their jobs is, undoubtedly, having an unsafe and unhealthy workplace. Health and safety are critical aspects of any organization, as it not only protects employees from harm and injury, but also contributes to a positive work environment, increased productivity and overall business success. It is crucial that organizations understand the importance of workplace health and safety, key components of a successful health and safety program and strategize for creating a safe and healthy workplace for all employees.   What is well-being at work? Well-being at work refers to the overall health, happiness and satisfaction of employees in the workplace. It encompasses physical, mental and emotional well-being as well as factors such as work...

  AI Intergration with HRIS: Is it the rise or the fall? Figure 1: AI vs Human factor - https://nplatform.devoteam.com/expert-view/unlocking-itsm-excellence-with-generative-ai-in-the-servicenow-vancouver-release/ In today's fast paced and dynamic business environment, Human Resources (HR) departments are increasingly turning to technology to streamline processes, enhance decision making and improve. The employee experience. One of the key technologies revolutionizing their HR domain is artificial intelligence which, when integrated with HR Information Systems (HRIS), can unlock a wealth of opportunities for organizations to optimize HR functions and drive business success. Although it is a fascinating new territory to explore, there are many benefits, challenges and best practices to prune. Furthermore, various applications of AI in HRIS which brings varied outcomes should be analyzed. Regardless the future lies with AI and it is crucial that organizations harness the power of AI t...

 Managing Employee Relations Strategically for Sustainable Success Figure 1 : Employee Relations Bond, https://cartoondealer.com/image/27839673/3d-man-puzzle-joining-team-work.html Employee relations are the bedrock of a healthy and thriving organizational environment. Managing relationships between employees and the organization, is crucial for fostering a positive workplace culture. Furthermore, employee relations plays a pivotal part in shaping the overall dynamics within an organization. Effective employee relations strategies can lead to increased employee engagement. Ineffective strategies and unaddressed issues may result building toxic work cultures that may be the ultimate downfall of any giant organization. What is Employee Relations in HR perspective? Employee relations is the practice of managing the relationship between employers and employees in the workplace. It involves fostering positive individual and collective relationships, emphasizing the connection betwe...

The Role of Employee Training and Development in Organizational Growth Figure 1: Nurturing the workforce through training & development, https://www.alanna.ai/growth-compnay-employee/ In the realm of human resources management, the importance of learning and development cannot be overstated. Employees serve as the backbone of any organization and their performance directly impacts the overall success or challenges faced by the organization. Recognizing the critical role of training and development is essential for organizational leaders, aiming to maintain a competitive edge in today's global market. In today's fast paced and competitive business environment, organizations are increasingly recognizing the importance of investing in their greatest asset, their employees. Employee training, learning and development have become essential components of human resources strategies.  Organizations strive for success through innovation and excellence in their services and products...

 Compensation Practices in Modern HRM Figure 1: https://www.losd.ca/apps/pages/index.jsp?uREC_ID=1551365&type=d&pREC_ID=1679202 In today's fast paced and competitive business environment, organizations are increasingly recognizing the importance of modernizing their compensation practices to attract, motivate and retain top talent. Traditional salary focused approaches are giving way to more holistic and strategic compensation strategies that encompass a broader range of benefits and incentives. It's interesting to see how compensation practices are evolving within firms. with a shift towards more variable forms of remuneration, such as lump sum payments, profit sharing and stock options. These changes can indeed have a significant impact on how overall compensation costs respond to business conditions and potentially enhance productivity. It's also noteworthy that these practices are leading to a more flexible and performance driven pay structure, which can incenti...

 Attrition vs. Retention for Organizational Success Figure 1 : Employee turnover management