Strategic Valuation Insights Explored

Strategic Valuation Insights ExploredHuman Resource Management (HRM) is undergoing transformative changes influenced by key trends. This scholarly review explores contemporary topics related to these trends, practical applications of HRM tools, recent employment law litigation, and ethical contributions of HR professionals.

1. Major Trends in HRM: Among the four major trends affecting HRM—technological advancements, globalization, demographic shifts, and regulatory changes—technology’s role in artificial intelligence (AI) for talent acquisition is significant. AI optimizes candidate screening and enhances diversity by mitigating unconscious bias (Kaplan et al., 2020).
2. Figure 1-7 in Practice: Figure 1-7, representing HR systems and organizational performance alignment, highlights the interconnection between employee engagement and company success. At a previous employer, this model could guide improving training programs to enhance productivity and satisfaction, thereby bolstering organizational goals (Armstrong & Taylor, 2020).
3. Recent EEOC Litigation: A recent case involving the Equal Employment Opportunity Commission (EEOC) focused on discriminatory practices in hiring at a tech company. The EEOC alleged that algorithmic bias in recruiting software disadvantaged female candidates, resulting in a $4 million settlement and mandated corrective measures (EEOC, 2023). This underscores the critical need for ethical AI usage.
4. Ethical Impact of HR Professionals: HR professionals influence ethics through transparent recruitment, fostering an inclusive culture, and enforcing anti-discrimination policies. They play a vital role in ethical leadership, ensuring that corporate practices align with societal and legal expectations (Collings et al., 2021).

References

• Armstrong, M., & Taylor, S. (2020). Human Resource Management Practice: Improving Performance Through People. Kogan Page.
• Collings, D. G., Wood, G., & Szamosi, L. T. (2021). Human Resource Management: A Critical Approach. Routledge.
• Kaplan, S., Tetrick, L., & Renard, M. (2020). AI in HR: Opportunities and Challenges for the Workforce. Journal of Organizational Behavior, 41(3), 237-253.
• EEOC. (2023). Settlement in Algorithmic Bias Case. Retrieved from www.eeoc.gov