I. Challenges facing Canadian Organizations
1. Economic challenges
Surviving a recessionary cycle
- layoffs, wage concessions, and workforce morale issues, etc…
Global trade challenge
- jobs & prosperity depend on international trade
Challenge of productivity improvement
- Canada faces gap with US in productivity levels
- Innovation is a major challenge
- Outsourcing is a popular strategy but has some implications, ie., reduced employee morale
caused by job security; outplacement, etc..
2. Technological Challenges
- process and provide large amount of data to managers in short time
- flexible work (telecommuting…)
- helps share information & knowledge
- Speed, better customer service, higher quality, flexibility in oerations
- use robots for hazardous or boring jobs
3. Demographic Challenges
Increasing number of women in workforce => employment equity, childcare, work-family
Shift toward knowledge workers => decrease in employment rate of unskilled jobs
Educational attainment of workers => need ppl with high level of education; however, half of
Canadian population is not in high level of literacy
More part-time, contract, and contigent workers => pay equity & loyalty problems
Employment of older workers => scramble for jobs due to the fear of post-retirement poverty.
4. Cultural Challenges
- Need more leisure time, longer vacation
- generational considerations
- greater demand for ethical conduct of business
- Cultural mosaic => diversity in workforce Attitudes towards the government
- Reduced faith in government
II. Ojectives of HRM
- help organizations to identify the right quality, type, and number of employees.
- societal priorities that HR targets while setting its own objectives & strategies
- goals to assist employees to achieve personal goals that enhance their contribution to the org.
III. Strategic HRM
DEF: Integrating HRM strategies and systems to achieve overall mission of the firm while
meeting the needs of employees and other stakeholders.