emerging trends of hr

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EMERGING TRENDS IN HR

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  • 1. Traditional /past Current/modern Future Manufacturing & service economy Green economy Green economy emphasis and Geo Engineering
  • 2. Green economy is the one that results in improved human well-being and social equity, while significantly reducing environmental risks and ecological scarcities. (UNEP,2012) income and employment is driven by public and private green investments Businesses that produce green goods or servicesEnergy from renewable sources. Energy-efficiency equipment, appliances, buildings and vehicles, and goods and services that improve the energy efficiency of buildings etc Pollution reduction and removal, greenhouse gas reduction, and recycling and reuse. Organic agriculture; sustainable forestry; and soil, water, and wildlife conservation. Government and regulatory administration; and education, training, and advocacy related to green technologies and practices
  • 3. Geoengineering is the intentional large-scale manipulation of the global environment with the primary intention of reducing undesired climatic change caused by human influences (David W. Keith, 2000). Major environmental concern- global warming Reduction of CO2 Carbon burial Ocean fertilization Scattering solar radiation Stratospheric sulfur injection Cloud whitening
  • 4. IMPLICATIONS More the greener the industry, the higher the job growth rate in function of transit, water and sewage systems, and waste management services (E. Pollack, 2012) For every percentage-point increase in the green intensity of the industry there is an associated 0.034 percentage point increase in the annual employment growth in the industry over the last decade (95 percent significance). More the states green intensity more it can recover from the recent recession.
  • 5. Similarly when geo engineering becomes the need of era, there can be associated growth in manufacturing and service sectors aiding the same. Increase in agricultural productivity may revamp the primary sector
  • 6. Performance of the systems may become ineffective, unpredictable or unstable as a result of external events potentially leading to profound and unpredictable disruption to the climate system So, researches to create efficient systems with minimal failure rate should be done The Geoengineering techniques may be vulnerable if switched off or deliberately destroyed. Anyone capable of exerting such power may seek to abuse it for commercial gain, military advantage or simple terrorism. so, there is a need for development of technology to create security for these techniques
  • 7. Traditional /past Sustained innovation Current/modern Disruptive Innovation Future Green innovation
  • 8. GREEN INNOVATION-The new or modified processes, techniques, practices, systems and products to avoid or reduce environmental harms (Beise and Rennings, 2005). Includes changes in the product portfolios or in the production processes that has to do with waste management, eco-efficiency, reduction of the emissions, recycling, eco-design or any other action implemented to reduce their environmental footprint. Green innovation is the key and the driving force for green development and transition(BAI Chunli, 2012)
  • 9. GREEN INNOVATION incremental innovation of individual technologies, techniques, products and processes large-scale, radical and systematic innovation in an integrated, overall and in-depth way offering support with end-of-pipe solutions providing backing to a scheme to control a full life-cycle process covering production and consumption; technological innovation to a multi-dimensional approach (that includes technology innovation and to integrate innovation in overall social structure, organization and institutions, and even culture.
  • 10. IMPLICATIONS Promotes sustainable development creates new and more vibrant economies based on clean technologies Organizations need to define what "innovation" means in their environment. Insufficient skills for employees innovate green products Equip employees with green technologies and promote green technology favored environment. Since green innovation becomes a necessity of era, Organizations will have to create the culture for consistent innovations and reduce the ad hoc approach to innovations.
  • 11. PAST CURRENT Male dominated Gender equal FUTURE Female dominated She-conomy
  • 12. Women in much of Asia and Latin America are achieving higher levels of education than men. According to analysis by Booz & Company, 870 million global women who have not previously participated in the mainstream economy will gain employment or start their own businesses by 2020.- mainly from non-industrialized countries, while roughly 42 million will come from North America, Western Europe and Japan. The gender gap in earnings will narrow over the decade, approaching parity by 2020.
  • 13. Women will overcome the legal and traditional barriers that have historically prevented them from participating in some regions using virtual, mobile and internet technologies to run their businesses The growing number of women who hold college degrees and have attained influential positions Women attain leadership positions and societies throughout the world. Women seem to be making inroads into top management in the developing economies (AICPA,2012)
  • 14. IMPLICATIONS National development will take a faster pace (a significant correlation between a higher level of female literacy and more robust GDP growth (AICPA,2012)) Standard of living will increase Possibility that the most talented women in business often avoid corporate life in favor of entrepreneurial careers (Judith G. Oakley,2000), so creating more job opportunities. Demands for work-life balance become fierce, emphasis should be on creating women friendly work environment- flexi work schedules.
  • 15. Traditional /past Current/modern Labour intensive Labour less Future Robotics
  • 16. Robotics is the branch of technology that deals with the design, construction, operation, and application of robots, as well as computer systems for their control, sensory feedback, and information processing. (Wikipedia)
  • 17. USES OF ROBOTS(PRESENT) Assembly and finishing Movement of materials/objects Performing in hazardous conditions The most common present applications of robots is welding, in fact a quarter of today's robots are used for such applications. FUTURE PROSPECTS Service robots are expected to surpass the industrial robots. Any fields that are lacking workers. in law enforcement and security. Future robots could also be as small as a computer chip and inserted into appliances such as vacuum cleaners.
  • 18. IMPLICATIONS SMART Factory Concept Improved efficiency of operations Reduced wastage of resources/optimum usage of resources Production cost decreases Save labour Safety and security needs in organisation reduces Competition increases, so subsequent product lines become available to customers. Consistency in work and standardisation Unemployment rate will rise, so subsequent redeployment of human resource is necessary E-wastage increases, so researches emphasizing on e waste management should be accelerated. Cost of maintenance may increase Over dependence on machines
  • 19. PAST Stationary Workforce CURRENT Workforce Mobility FUTURE Virtual mobility (Mobility without moves)
  • 20. Virtual mobility- Mobility without moves (PWC, 2012) Many of the new approaches to global mobility have an element in common the lack of relocation. Organisations are questioning whether, in this connected society, theres a pressing need for a worker to physically relocate for their work Assignees (in the traditional sense) represent 1% of the global workforce, but our latest figures suggest that mobile workers, encompassing these new forms of non-traditional movement, account for between 7% and 8% of the working population.
  • 21. IMPLICATIONS Mobility opportunities are now recognized as a key element in talent retention. Virtual mobility takes away that chance. So, talent management becomes more crucial Organisations need to be updated with high end technologies
  • 22. Traditional /past Current/modern future IQ SQ & AQ EQ
  • 23. Dr. Paul Stoltz defines Adversity Quotient as the capacity of the person to deal with the adversities of his life. As such, it is the science of human resilience. For many years, researchers have devoted a great deal of their studies to Intelligence Quotient (IQ) and Emotional Quotient (EQ), which are considered to be determinants of success and superior accomplishment. In fact, more researches recently have shown that measurement of AQ is a better index in achieving success than IQ, education or even social skills.)
  • 24. Four dimensions to measure the AQ of an Individual. Control, Origin and ownership, Reach, Endurance
  • 25. IMPLICATIONS Since AQ matters, organisations and individuals need to compete to attain higher AQ Development programmes need to concentrate on developing AQ
  • 26. Traditional /past Linear career growth Current/modern Exponential linear growth Future Concurrent &/sequential career
  • 27. Whereas a career comprises the work activities that can be identified with a particular job or profession, having multiple careers is the growing trend in the late 20th century and early 21st century. These multiple careers can either be concurrent (where a worker has two simultaneous careers) or sequential (where a worker adopts a new career after having worked for some time in another career). Both may occur for different reasons.
  • 28. PAST CURRENT FUTURE Full time employment part time employment Multiple job holders
  • 29. A multiple jobholder is defined as an individual who responds affirmatively to the initial question stated earlier and (1) had a job as a wage and salary worker with two or more employers, (2) combined a wage and salary job with self-employment
  • 30. Traditional /past EMPLOYEES Current/modern INTRAPREUNEU RS Future ENTREPEUNEUR S
  • 31. IMPLICATIONS Economic growth rate will increase Employment opportunities will increase Increased competition and subsequent value increase for customers No human resources to work for an organisation(mainly management level),
  • 32. REFERENCES E. Pollack, Counting Up To Green: Assessing The Green Economy And Its Implications For Growth And Equity, 2012, Economic Policy Institute Judith G. Oakley, Gender-based Barriers to Senior Management Positions: Understanding the Scarcity of Female CEOs, Journal of Business Ethics October 2000, Volume 27, Issue 4, pp 321-334 Green economy, United Nations Environment Programme,2012, http://www.unep.org/greeneconomy/AboutGEI/WhatisGEI/tabid/29784/Default. aspx retrieved on 2/01/14 Michael Stanleigh, 7 Key Trends in Innovation, Business Improvement Architects , http://www.bia.ca/articles/7KeyTrendsinInnovation.htm Sarah Huggett, The bibliometrics of the developing world,2013 http://www.researchtrends.com/issue-35-december-2013/the-bibliometricsof-the-developing-world/ AICPA,The World in 2025: Social Trends, 2014,
  • 33. Jeanne Meister, Job Hopping Is the 'New Normal' for Millennials: Three Ways to Prevent a Human Resource Nightmare, 2012, http://www.forbes.com/sites/jeannemeister/2012/08/14/job-hopping-is-the-newnormal-for-millennials-three-ways-to-prevent-a-human-resource-nightmare/2/ ^ United States Government Accountability Office (GAO) (July 2011) (PDF). Climate Engineering: Technical Status, Future Directions, and Potential Responses(Report). Center for Science, Technology, and Engineering. p. 3. Royal Society (September 2009) (PDF). Geoengineering the Climate: Science, Governance and Uncertainty(Report). p. 1. ISBN 978-0-85403-7735. David W. Keith, Geoengineering , Oxford University Press , February, 2000.
  • 34. Beise, M., and K. Rennings (2005): Lead markets and regulation: a framework for analyzing the international di usion of environmental innovations," Ecological economics, 52(1), 5{17. BAI Chunli, Leading Chinas Sustainable Development by Meeting Global Challenges and Achieving Green Innovation, Bulletin of the Chinese Academy of Sciences, Vol.26 No.3 2012 PWC,Talent mobility 2020 and beyond,2012