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ABSTRACT
The roles and responsibilities of Human Resources marginal workers, and for permanent and fluid
departments are transforming as the modern business workers. An organization‘s talent can be a source for
faces pressures of globalization. The global supply of a sustained competitive advantage and can affect
talent is short of its long-term
term demand, and the gap is important organizational outcomes such as survival,
a challenge for employers everywhere. re. The shortage profitability, customer satisfaction level, and
between the demand and supply of talent is likely to employee performance (Pfeffer,
(Pfeffe 1994; Prahalad,
continue to increase, notably for high skilled workers 1983). Human resources need to take advantage of
and for the next generation of business executives. technology and data analytics to build a global human
Now organizations need to place greater emphasis on resource information system that collects and stores
attracting human capital ratherther than financial capital. data from various sources. The system will help to
Global staffing and management of a workforce analyze the data to provide business
bu insights, predict
diverse in culture and language skills and dispersed in future needs and develop strategies to fill those needs.
different nations are the key goals of global human Companies with the ability to foresee and sustainably
resources. Only those multinational enterprises manage their workforce needs – especially for high
willing to adapt their humanman resource practices to the skills – will gain the decisive competitive advantage.
changing global labor market conditions will be able
to attract and retain high performing employees. The global supplypply of talent is short of its long-
Companies with the ability to foresee their business term demand, and the gap is a challenge for
needs and their workforce needs – especially for high employers everywhere. The shortage between the
skills – will gainn the decisive competitive advantage. demand and supply of talent is likely to continue to
increase, notably for highly-skilled
skilled workers and for
Keywords: Human Resource Management, the next generation of middle and senior leaders. Most
Globalization, Data Analytics, Data Warehouse, emerging nations with large populations, including
Online Analytical Processing, Data Mining, Key Brazil, Russia, India, and China, may not be able to
Performance Indicators, Dashboards, Scorecards. sustain a net surplus workforce with the right skills
for much longer. Now, more than ever, organizations
INTRODUCTION need to place greater emphasis on attracting human
Human Resources departments are transforming as capital rather than financial capital. Because capital is
the modern business faces numerous and complex broadly available from investors and lenders, and
challenges, and exploit opportunities. The innovations can be duplicated relatively easily and
transformation of human resources today is a direct quickly, effective human resource management is the
call of the rapid changes within businesses due to best way y to differentiate one company from another.
factors such as globalization. In the global Global staffing and global leadership development are
competition within the flat and connected new world, the two components of global human resources with
decision making in organizations has become the greatest potential for powerful leverage for global
increasingly intricate and convoluted. The new global firms (Pucik, 1996). Only the multinationals that will
w
world has widened the talent pool for excellent and be willing to adapt their human resource practices to