Contemporary Issues in HRM

Workforce diversity is viewed as one of the main challenges for human resource management in modern organizations. Despite its strategic significance, the greater part of models in this field implicitly considers workforce as a generic and homogeneous category  (Alcarzar, 2013) . Diverse workplaces are composed of employees with varying attributes including, however not restricted to, religious and political beliefs, gender, ethnicity, education, socioeconomic background, sexual orientation and geographical area. Northern Trust, a speculation administration firm with 17,800 employees, takes the top spot. The 128-year-old, Chicago-based company persistently delivers “widespread Diversity at Work training,” according to its website. Among Northern Trust’s best officials, women make up 38%, a level significantly higher than the  27%  observed among S&P 500 organizations. African-Americans make up 23% of the board. “We seek an inclusive environment where our unique m...

Employee retention is the general technique or capacity of an organization to hold its best representatives and subsequently keep up a lower turnover. An organization can accomplish this by receiving different representative maintenance programs. Representative maintenance is and ought to be one of the primary concentration regions of the HR office in any organization. Implementing an employee retention program is an effective way of making sure key workers remain employed while maintaining job performance and productivity.  (Scott, 2018) A 100% family-possessed business, Mars Inc. has five standards — quality, obligation, commonality, effectiveness, opportunity — which are on each mass of each blemish office and assembling site crosswise over 73 nations. Further, Mars considers its standards important. Take, for instance, "quality." Around 2% of all M&Ms create are disposed of for "flaws" or different disappointments in quality. This devotion and adherenc...