What are the advantages and disadvantages of flexibility to employees Assignment

What are the advantages and disadvantages of flexibility to employees and employing organizations - Assignment Example Human beings are the most important asset of any organization. They are equally important to any other component of an organization. The mishandling of this important asset could lead to disastrous situations.Thus HRM section of a company plays an important role in its development and survival of any company. The objectives of management are to use the HR in such a way that they could become most useful. It is the responsibility of HRM to chalk out such strategies that may be useful for employees as well as for organization.The main areas to focus should be; collective bargaining at enterprise level, flexibility in relation to various forms of employment as well as in relation to working time and job functions. Close look at heightened competition, rapid changes in products and processes and the increasing importance of skills, quality and productivity. These factors have also had an impact on HRM policies and practices. In managing change, the key elements include employee involveme nt in effecting change, greater customer orientation, and ensuring that the skills of employees are appropriate to the production of goods and the provision of services acceptable to the global market. As such, managing people in a way so as to motivate them to be productive is one important objective of HRM.While in academic institutions HRM scholars emphasize the strategic role of HRM and define a new role for managing the employment relationship including: new organizational designs, flexible work arrangements, and the development of social partnerships. A theoretical development, that involves the central doctrine of HRM, is the integration of strategic management, organizational reforms. All these strategies lead a prospering business achievements and utter satisfaction of the stakeholders. People work best when supported by the framework that effective management can provide. Managers of human resources in businesses today face a rapidly changing world regarding such issues as changing workforce demographics, diversity, labor shortages, balancing family and work, rapidly changing technology, global competition, growing education and training requirements, as well as equal employment concerns. In addition, stereotypes can be found to exist even among the least prejudiced people yet it is especially important that businesses not let those thoughts impair the ability to manage others effectively. All the above have a definite effect on human resource management. Staffing, training, and development comprise the primary human resource management functions. What is flexibility Flexibility can be defined as the quality of person, group of people or firm to respond to changes. Flexibility can be defined differently in an organization 's perspective. It may encompass few aspects of the organization. HRM is one of the important aspects of the organization that requires flexibility. Innovative and flexible human resource (HR) practices can boost performance and competitiveness of an organization. It has been found out by various researchers that flexibility is one of the most important factors of an organization that contributes to successful business management activities and innovation. Importance and advantages of Flexibility Flexibility is quite important and necessary for a dynamic organization. It provides variety of opportunities and reduces various constrain that could have been faced due to rigidity. Some of the major advantages highlighting the importance of flexibility in HRM are briefly described here