Question

What impact has this changing role of HRM and the inclusion of technology had on the business? Do you feel that it’s different from small businesses to large Fortune 500 companies?

Answer 1

Changing role of HRM and inclusion of technology has made strong impact upon the businesses. It has created opportunities for the HRM to learn new techniques and develop HR as a competitive advantage for the organization, but at the same time, it has added volatility to the work environment and organization has to be in the urgency mode and apply emergent change approach. It will help organization to thwart the threats due to change role of HRM and incompetency being developed and new roles are not adopted. If it is done carefully, then new opportunities are developed. Further, top talents can also be attracted to the organization. It is only possible due to mastering the new roles and adapting to the new roles.

The impact is of different level, because large fortune 500 companies has bigger, better and superior resources to follow the changing role and following new technologies. Besides, there are different sub functions such as training, planning and performance function that can facilitate the change process. But, a small organization may find a resource crunch if new roles emerge and there is a quick need to change. It may be difficult for the small businesses and they may be driven out of the business. So, degree of impact will be different.