In the coming years, human resource management (HRM) will encounter challenges due to the many changes the economy will face such as globalization and the shift from a manufacturing-based economy to a service-based one. One such challenge that will be faced by HRM is

Question

Caleb Phillips

Business

29 March, 23:54

In the coming years, human resource management (HRM) will encounter challenges due to the many changes the economy will face such as globalization and the shift from a manufacturing-based economy to a service-based one. One such challenge that will be faced by HRM is

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Answers (1)

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Krish Petty · Answer 1

Answer: Shortage in recruiting skilled labors

Explanation:

It is the responsibility of HR department to find labors for the organisation. When the criteria for recruitment changes the HRM finds it difficult to recruit people for service industry. As all the labors currently available are skilled manufacturing labors they do not have skills to work in service industry.

The employees of the company are the assets of the company without which the company cannot be productive. The HRM has to retrain the employees to match their skills with current requirements in the market.