Challenges Facing 21st Century Human Resource Managers

One of the most essential activities of an organization today is the management of its human resources. As organizations become more global and as changes occur at an increasingly rapid rate, human resource development managers are faced with many challenges. These challenges involve both compensation and non-compensation related issues. Some challenges include globalization, cultural diversity, legislation, the emerging roles of women and minorities in the workplace and values in age differences.
Globalization has and will continue to have a large impact on human resource management. More employees are engaged in a global life style due to technology, trade and travel. Corporations are looking at the world as a single market and they will structure their employees and their services accordingly to meet the needs of a global market. To survive in a global economy, organizations must be able to resolve labor cost issues and be able to provide a compensation program that is...