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HRM Assignment: BY M. Sharon 19CMH27

This document discusses several challenges faced by human resource managers, including managing a diverse workforce, empowering employees, downsizing, voluntary retirement schemes, and maintaining work-life balance. It notes the increasing diversity in organizations and need to empower qualified young employees. Downsizing is discussed as a way to reduce costs through restructuring. Voluntary retirement schemes provide benefits to both employees and employers. Finally, it emphasizes the importance of balancing work and personal life for employees.

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Janani Priya
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160 views8 pages

HRM Assignment: BY M. Sharon 19CMH27

This document discusses several challenges faced by human resource managers, including managing a diverse workforce, empowering employees, downsizing, voluntary retirement schemes, and maintaining work-life balance. It notes the increasing diversity in organizations and need to empower qualified young employees. Downsizing is discussed as a way to reduce costs through restructuring. Voluntary retirement schemes provide benefits to both employees and employers. Finally, it emphasizes the importance of balancing work and personal life for employees.

Uploaded by

Janani Priya
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd

HRM ASSIGNMENT

BY
M. SHARON
19CMH27
III- B.COM (HONOURS)
Challenges of HRM
Managing Workforce An important challenge that
human resource managers face
Diversity involves workforce diversity,
i.e., the increasing
heterogeneity of organisations
with the inclusion of employees
from different groups such as
women, physically disabled
persons, retired defence
personnel, backward classes,
ethnic groups, etc.
Empowerment of There has been a general

Employees: change in the profile of


workforce in industrial and
other organisations. The
organisations in future will
get better qualified and
career oriented young
employees. The proportion
of professional and
technical employees will
also increase as compared to
the blue collared employees.
 Downsizing means reducing the
 Downsizing
size of the organization in order to
cut costs, hive off unprofitable
operations and improve operational
efficiency.

 It involves organizational
restructuring which results in
decreasing the size of the
organization leading to a flat
organization structure so as to
respond more readily to the pace of
environmental changes.

 It has been adopted throughout the


world to achieve operational
economies and increase efficiency
to be able to survive in
 VOLUNTARY  Under this scheme, the

RETIREMENT SCHEME organization and its employees


agree to voluntarily retire on
payment of agreed
compensation by the employer.
 It has been recognized as the
‘GOLDEN HANDSHAKE’
because of the benefits for both
the employees and the
employers
 The employees get handsome
amount under the VRS package
and the employers save
recurring fat wage bills in the
long run.
 It involves separation of
employees based on mutual
WORKLIFE Worklife Balance
BALANCE implies securing balance
between an individuals
work and personal life.
It occurs most often in
dual-career couple as
this leads to conflicts
between work and
family
REFERENCES
https://fdocuments.in/document/downsizingvrs
worklife-balance-time-management-by-sunesh.
html

https://www.slideshare.net/sunesh145/downsizi
ngvrsworklife-balance-time-management-by-s
unesh

https://www.citeman.com/16165-2-keys-downsi
zing-and-employee-work-life-balance.html

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