Subject: Human Resources Management

Case Study: The future of work: the journey to 2022

A team from PwC and the James Martin Institute for Science and Civilisation at the Said Business School in Oxford came together in 2007 to develop a scenario for the future of people management. The result was a worlds of work, which provide a lens through which to examine how organisations might operate in the future. The forecasts are based on the results of a specially commissioned survey of 10,000 people in China, India, Germany, the UK and the US and a survey of almost 500 HR professionals across the world. The report predicts that competing social, political, economic and technological forces are likely to result in this scenario or worlds of work.

THE GREEN WORLD COMPANIES CARE

In this scenario, companies in the Green World will be highly involved in social and environmental responsibility. They will be open, collaborative and learning working environments willing to support employees and communities in their development.

While the Chief Executive will lead the strategy for the company, green firms will have flat and fluid structures, in which every individual will be empowered to make decisions.

For green firms, corporate responsibility is notan altruistic nice to have, but a business imperative. Technology will be used to replace colleagues need for travelling; staff footprint will be used in targeting performance; initiatives will be created around health and well-being, professional development, flexible working and volunteering.

The combination of ethical values, support for the real economy and family- friendly hours is an opportunity to create a new employee value proposition that isnt solely reliant on pay.

However, HR will need to be innovative, providing employees with jobs that meet their aspirations and lifestyles. Plus, ensuring that regulations will not be a barrier to flexibility in the enterprise.

Question 1: Based on the case scenario, critically discuss what are the implications of the scenario above (Green world) based on the 2 HRM functions below for your discussion: (provide answer in about 600 words)

Recruitment and selection

Compensation and benefit

Question 2: Talent management is the key success of any organizations to sustain and remain competitive. However, Malaysia is still facing difficulties in developing talent and those talented skillful individuals in Malaysia are gradually leaving. Simultaneously, the education system is producing graduates each year, but these graduates are unable to fulfil the skills demanded by the organization. Provide THREE (3) recommendations that can be included in the HRM functions (as discussed in item 1 above) to support talent management practices in the organizations. (provide answer in about 800 words)