MGT 431 Human Resource Trends

Essay by japhyryderUniversity, Bachelor'sA+, May 2006

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Human Resource Management (HR) is a rapidly evolving aspect of the business world. Globalization, technology, e-business, diversity, and ethics are some of the major facets of HR that are changing. This paper will briefly examine each and describe that aspects changing role in Human Resources.

Globalization has become a fact that employees have had to accept. Weather employees like it or not their jobs are rapidly being outsourced to the lowest bidder. Companies are relying on the global labor market to find employees with specific talent. In India, computer programmers and call center employees work part-time on contracts for numerous companies around the world. Companies such as Conseco, and insurance firms, are finding that by contracting business to Indian firms, they can find a greater supply of better educated persons than in the United States (US). (Fundamentals of Human Resources) That is the corporate line; rapid globalization has eroded the manufacturing capabilities, IT departments, and staff services in the United States. US companies looking out for the quick buck believe outsourcing to be the ultimate answer. What these companies are not realizing, is that for every 10,000 dollar job in India, they are loosing a 70,000 dollars in spending power in the United States, and the economic impact that goes with that money. When that individual can not buy groceries, housing, cars, TV's, or other products that their previous employer created, it directly and indirectly affects the economy as a whole. HR department are currently receiving the blunt of the globalization trend, with companies like Hewitt and Associates outsourcing jobs to India, Pakistan, Malaysia, and other countries. Recent analysis has also...