Table of ContentsHuman ResourcesTechnological AdvancesEmployee RetentionDemographic and Diversity ChallengesAdvantages and Disadvantages of Diversity in the WorkplaceAdvantages: Disadvantages: References: Human Resources Management Human resources is a process that helps manage human talents to achieve the goal of an organization. People play a crucial role in an organization. They provide the inspiration, vision and motivation that help an organization live. People provide the skills and competencies necessary to achieve an organizational goal. Additionally, they provide the labor that produces or manufactures the goods and services that an organization sells or provides. Say no to plagiarism. Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned”? Get an original essay (PEOPLE, nd) In this way, in my view, people are always an organization's most valuable asset. Apart from this, here is the list of some other important assets of an organization: Materials and equipment Space and facilities Economic power Networks Constituents (organizational assets, nd) Human resource management faces many difficulties or challenges. Here are the five major issues or challenges facing human resource management today: Changes in local and global market: It is important for a company to change its internal strategies, structure and processes over time in order to develop its activity. Most employees experience difficulties when dealing with these types of changes. Leadership changes also have a negative impact on an organization's productivity. (10 of Today's Human Resource Challenges, nd)Technological AdvancementIn this techno-savvy era, technology is evolving rapidly. Most organizations find it difficult to upgrade technology and invest in new technologies. It is a challenge for employers to guide their employees on new technologies and also for employees to learn the updated technologies which also affect the productivity of the organization. (10 of today's HR challenges, nd) Recruiting Talented Employees: Every organization is looking for talented and skilled employees, which requires a huge investment of time and money. It's difficult for a recruiter to maintain a balance between running their business and hiring the right people at the right time. It is not possible to know whether a candidate will actually be suitable until they have worked for an organization. (10 of Today's Human Resources Challenges, nd) Employee Retention Hiring employees is easy, but retaining qualified employees is difficult. Everyone wants to retain qualified and experienced employees. Small businesses do not have sufficient budgets to attract qualified employees through retirement plans, expensive insurance plans, and financial and non-financial incentives. On the other hand, large companies have sufficient budget to attract qualified employees and migrate from a small organization to a large organization. (10 of today's human resources challenges, nd)Demographic and diversity challengesToday, companies have employees from different generations. Employees belong to divergent ethnic and cultural differences. Demographic differences and diversity present an ongoing challenge for small businesses. It is difficult to manage employees of different cultures, ages and,29399090