Human Resource Management.

  Economic Constraints for HRM in Srilanka. The business environment is subject to constant change, the most striking changes are now mainly related to the technological and demographic environment. Employers' war for a skilled workforce is on the rise, and a highly competitive environment forces enterprises to look for new ways to increase efficiency and performance, requiring HR managers to implement new, sophisticated approaches to managing human resources. Can universal, long-term valid HRM practices be used in this dynamically changing environment? The paper focuses on the study of a phenomenon that, unlike other environmental factors, has a cyclical character, and its behavioral patterns can be predicted as they were scientifically researched and documented. This phenomenon is the economic cycle and is examined in the context of its impact on HRM practices. The study examines whether it is possible to include a formula reflecting the individual phases of the economic cyc...

  Talent Acquisition and Retention What is the Role of HR in Employee Retention? HR plays a critical role in employee retention by developing and implementing strategies to keep employees engaged and satisfied. This includes effective recruitment, onboarding, career development, recognition and rewards, promoting work-life balance, and fostering employee engagement. How does HR Help in Improving Employee Retention Rates? HR helps improve employee retention rates by creating a supportive work environment, offering professional growth opportunities, recognizing and rewarding achievements, supporting work-life balance, and ensuring open communication and engagement. These efforts make employees feel valued and motivated to stay with the company. What are Some Effective HR Strategies for Employee Retention? Effective HR strategies for employee retention include thorough recruitment and onboarding processes, continuous training and career development programs, recognition and reward sys...

What are the Problems for HRM in Sri Lankan. Problems in Human Resource Management (HRM) in Sri Lanka Small and Medium Scale Enterprises (SMEs) make up a large part of Sri Lanka's economy, accounting for 80 per cent of all businesses. These are found in all sectors of the economy, primary, secondary and tertiary and provide employment for persons of different skills, skilled, semi-skilled and unskilled. There are SMEs in the agri-business sector engaged in growing spices, fruits and vegetables and in the manufacturing sector engaged in numerous industrial activities accounting for about 20 percent of industrial establishments. In the service sector SMEs accounts for more than 90 percent of business establishments. SMEs are an essential source of employment opportunities and are estimated to contribute about 35 percent of employment. The SMEs play an important role in promoting inclusive growth. The focus on SMEs in policy discussions emanates also from their role in developing entr...

What are the 5 Main Areas of HR?   Employees are the backbone of any organization. They handle product development, service management, marketing, sales, finance—you name it.   If you want to bring out the best in your teams   and grow your organization effectively, your employees should be taken care of. That's where HR comes in. As an HR manager, you help shape an employee's perception of your organization and  improve their work experience . Understanding the major aspects of HR management will help you create an environment where your employees thrive and push your organization to new heights. Whether you are a small business trying to improve your HR strategies or an HR professional who's new to the sector, we've got you covered. An effective human resources (HR) department is a key part of business success. This team is responsible for your most valuable asset: your people. A lot of HR’s responsibilities are invisible – especially if done well. A...