Management Challenges and Concerns Report Essay

Human resources planning is the systematical run of forecasting both the future demand for and supply of employees and defining the needful knowledge and abilities needed in the field. At times even with the nigh accurate information, managing our human capital and protecting out talent has plow a challenge. Dramatic shifts in the composition of the labor force guide that managers become more involved in planning, since such changes affect the estimable range of HR practices (such as employee recruitment, selection, training, compensation, and motivation) (Bohlander & Snell, 2007). Not only has managing the talent been a significant challenge so has following all legal compliance. Rules and regulations adopt to follow to avoid losing employees.Human Capital/Talent ManagementManaging talent is the most fundamental HR challenge facing organizations across the population today. As an organization addressing the talent management/human capital is important in all the regains of the industry (Eyre, 2008). The shifts in the world economy are playing a role in workforce trend, making it embarrassing to retain all human capital. To ensure growth potential during a bad economy the organization needs to focus on beef up key relationships, capitalizing on underutilized staff, clarifying strategic roles and forging stronger links among compensation and results (Mello, 2005). Strengthening the employer-employee relationship is an important goal for human resources departments in any organization.Compliance and regulationThe human resources issues are very involved when it has to do with a complex work industry. Compliance with regulations is one the biggest problems occurring in workplaces. This happens more often in small companies than larger because of the turnover in employees in smaller companies. It is abigger problem with a impudently formed enterprise or gild due to the lack of experience. This may be caused by the lack of training the employees rec eive during the entering of the position. latent implications as lawsuits, fines from state or federal court can submit to a financial burden to the company. A way to minimize the take a chance is by keeping up with all state and federal laws that cogency affect the industry. Better training to all new and current employees in safe and procedures (Mello, 2005). The expertise of the human resources staff is one that is a companys most valuable resources, and thus, the executive leadership team is relegate prepared to handle company-wide challenges knowing that a competent human resources leader. A successful organization needs to become adaptable are to be able to change direction.ReferencesBohlander, G., & Snell, S. (2007). Managing Human Resource, Fourteenth Edition. Mason, OH Thomson South-Western. Eyre, E. (2008). Managing Talent is top worldwide HRM challenge. Training Journal, 10. Mello, J. A. (2005). Strategic Human resource Management 2nd Edition. Mason, Ohio Cengage Lea rning.