IndexHuman ResourcesTechnological AdvancementEmployee RetentionDemographic Challenges and DiversityPros and Cons of Diversity in the WorkplacePros:Cons:References:Human Resource Management is a process that helps to manage human talent to achieve an organization's goal. People play a crucial role in an organization. They provide inspiration, vision and motivation that help an organization survive. People provide the skills and competencies needed to achieve an organizational goal. They also provide the labor necessary to produce or manufacture the goods and services that an organization sells or provides. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an Original Essay (PEOPLE, n.d.) In this way, in my view, people are always the most valuable asset of an organization. Apart from this, below is the list of some other important resources of an organization: Materials and equipment Space and facilities Economic power Networks Constituents (organizational resources, n.d.) Human resource management faces numerous difficulties or challenges. Below are the top five issues or challenges that human resource management faces nowadays: Changes in local and global market: It is important for a company to change its strategies, structure and internal process as it goes time to expand a business. Most employees find it difficult to cope with these types of changes. Changes in management also negatively affect the productivity of an organization. (10 Common HR Challenges Today, n.d.) Technological Progress In this technological age, technology is changing rapidly. Most organizations find it difficult to upgrade technology and invest amounts in new technologies. It is a challenge for employers to guide employees regarding new technologies and also for employees to learn updated technologies which also affect the productivity of the organization. (10 Common HR Challenges Today, n.d.) Recruiting Talented Employees: Every organization wants talented and skilled employees which require huge investments of time and money. It's difficult for a recruiter to maintain the balance between running the business and hiring the right people at the right time. It is not possible to know whether a candidate will actually be eligible until they have worked for an organization. (10 Common HR Challenges Today, n.d.) Employee Retention It's easy to hire employees, but it's difficult to retain qualified employees. Everyone wants to retain qualified and experienced employees. Small businesses do not have sufficient budgets to attract qualified employees through pension plans, expensive insurance plans, and financial and non-financial incentives. On the other hand, large companies have enough budget to attract qualified employees to migrate from a small to a large organization. (10 Common HR Challenges Today, n.d.) Demographic Challenges and Diversity Nowadays, companies have employees from different generations. Employees belong to divergent ethnic and cultural backgrounds. Different demographics and diversity present an ongoing challenge for small businesses. It is difficult to manage employees of different cultures, ages and religions. (10 of Today's Common HR Challenges, n.d.) Pros and Cons of Diversity in the Workplace Pros: Working with people who have different skills helps the company achieve its goal successfully. (GREEN GARAGE, n.d.)Young professionals have the,29399090