Human Resource Trend Essay Example | Topics and Well Written Essays - 1250 words

Human Resource Trend - Essay Example Technology has phenomenally changed the way the businesses operate around the globe and bringing them closer in the process. Globalization is one of the major products of rapid onset of technology due to which the world is changed into a global village. Now one organization can share important information and details with its other teams scattered around the world in a few seconds. Now automating many HR processes through the use of technology is also becoming a frequent practice which is basically to leave abundant time for HR professionals to â€Å"concentrate on defining processes, creating measurements, and affecting the bottom line† (Little, cited in Guadagno, 2012). Now, identifying trends in technology can form a task of critical importance for the HR department in any organization. Some of such technologies are continuing to prove how beneficial they can be for an organization in terms of reducing costs, saving money, and making optimum hiring choices through accuratel y measuring the hours worked and ensuring multiple online mediums for collaboration with other teams located far away. Technology has enabled many organizations to gain huge advantages which is why it is considered to be such a huge HR trend. According to Martin (cited in Gray, 2012) who works as a consultant in a New York-based consultancy firm, technology has proved to a potential enabler of significant efficiency gains like monitoring employee information, curbing costs, and enhanced collaboration. Consultants like Martin say that their customers are intent on buying new HR information systems which have proper and useful controls incorporated in them. Organizations everywhere are intent on maximizing the benefits obtained from technology in such a way that constructive HR processes and workforce could be generated consequently which could together help them in obtaining diverse business goals and improve market reputation. Businesses are largely focused on technological perspect ive of HR processes as the employers want different business objectives to be obtained in time without encountering any hassle irrespective of whether a business is growing internationally or recovering from an economic breakdown. It is claimed regarding how technology relates to HR processes that â€Å"it helps firms improve their HR tech strategies and those without an existing framework construct strategies from scratch† (Martin, cited in Gray, 2012). To maximize benefits from technology, organizations everywhere should focus on portal integration when working on any problematic project to ensure a safe working environment and ease for the employees. Also they should focus on using technology in such a way that attendance, leaves, absence, promotions, payments, and meetings all are recorded. HR should make sure how all of the services are shared and convey information regarding how they should be governed by the employees. Committees should be formed charged with the respo nsibility of monitoring technology and determining in what way they should be used. Without efficient HR information systems, organizations have to design HR tech strategies from scratch which results in a wastage of a lot of valuable time. Transforming HR through technology can influence businesses profoundly and others also who work across the world. HR professionals can assist and monitor processes of the organizations growing internat

Development Economics Paper 3 Essay Example | Topics and Well Written Essays - 500 words - 1

Development Economics Paper 3 - Essay Example From a critical point of view I believe in the existence of the poverty trap that has essentially entangled a group of people and deprive them from getting what they would desire to get. In essence, an individual born to a poor family in the village set up of a third world country may be entangled within the vicious circle of poverty, lack of access to education and healthcare facilities as well as exposure to the world out there. In such a case, the child may be limited and despite of his talent and great mind, they fail to get a platform to practice it and perfect the art. This leaves them in the same place becoming a vicious circle for a family or the state at large. there is poverty trap for those who have too little and cannot invest to get enough returns whereas those who have access to reasonably more resources, there potential to grow is evident regardless of the situation around them. As one continues to invest in what they have, growth is eminent and sooner or later there w ill be no poverty trap entangling them as they break free from it. Yes, I believe that the poverty trap works when all other factors are kept constant. Someone’s financial income essentially determines there financial might and dictates what they can do in as far as investment is concerned. The economic status of an individual starts flat then rises as one gets income but the goes down as responsibilities increases creating an S-curve that depicts element of a poverty trap. In this sense, poverty trap is evident and works by way of limiting ones potential within their financial might derailing them from the ability to invest a break away from the vicious cycle of poverty (Banerjee and Duflo 55). S-curve is a theoretical shape depicting a poverty trap that shows one beginning on a straight line, then goes up to a point where they stagnant and start the downward movement again. This concept is used