Near Future Trends in HR

First of all, what is HR, or Human Resources? Human resources (HR) is the department inside a firm responsible for identifying, screening, hiring, and training job candidates, along with administering benefits. Then what is HRM, or Human Resource Management? HRM is the process of recruiting, hiring, deploying and managing an organization’s employees. We can divide the entire spectrum of Human Resource Management into two primary categories: 1- Strategic HRM 2- Operational HRM

What is Strategic HRM? 

Strategic HRM is a proactive approach to managing employees in the organization. It involves standard human resources aspects such as attracting, developing, rewarding, and retaining employees while also considering the goals and needs of other departments within the organization and the organization itself.

"There is indeed a great demand in the market if you want to start a career in Strategic HRM," says Udara Viduranga, a senior HR professional.

Any organization can have the best-in-class business strategy in place, but to execute that, they need to have the right talent and the right people. This right talent and right people are enabled through the right HR strategy, adds Udara.

How to execute the right HR strategy in a business?

To have the right HR strategy, an organization will be seeking the most talented HR business partners, regardless of the level of the hierarchy; whether it's at entry level, mid-level, or even at a higher level, there will be a high demand for HR business partners.

When recruiting an HR business partner, they will assess a candidate's HR skills in terms of their strategic thinking which must be aligned with the company's strategy. Also, they will assess a person's overall business knowledge and understanding when choosing the right candidate. Because without that link and connectivity, the HR strategy you are developing will not make sense in terms of achieving business progress, says Udara.

Operational HRM

When it comes to the operational aspects of HR, the majority of the operational areas in any company are either outsourced or centralized by the company. The rationale for outsourcing is that it will provide organizations with greater chances and benefits by allowing them to focus solely on their core strategic elements. There are many consultants and organizations today, who will take care of the organizational aspects of your business on your behalf and relieve you of the hassle. As a result, businesses seek these options because they are more convenient. In any case, this does not imply that your possibilities in this field will be limited.

If you are willing to pursue a career in a specific HR area like recruitment and selection, performance management, payroll and compensation, IR aspects or any such related area, you would still be able to explore opportunities with such firms, concludes Udara.