Human Resource Management Essay Example | Topics and Well Written Essays - 2500 words - 16

Human Resource Management - Essay Example Given the significant changes in the demand of a company’s goods and services, the number of required employees also changes. Human resource management plays a crucial role over the success of implementing organizational downsizing. In the absence of human resource management, it would be difficult on the part of the human resource managers to effectively handle employees when organization change becomes inevitable. As part of the study of human resource management, human resource managers are encouraged to have competitive leadership and communication skills. Aside from providing the readers a list of recommended solutions on how to minimize and prevent the lost of business opportunities associated with the negative consequences of implementing organizational downsizing strategy, this study will discuss the importance of using transformational and authentic leadership style which are suitable when implementing organizational downsizing. As an end result of globalization, many businesses today are restructuring their organizational and business approach in order to keep the local firms competitive in the local and global market. (Business Week, 1997) One of the most common restructuring strategies that aim to increase the efficiency of a company is organizational downsizing. Although many firms have enjoyed the benefits from organizational downsizing in terms of increasing the profitability of the company by reducing its operational cost and making its operational process more efficient, it remains inevitable that most encounter internal problems related to its existing employees. Each organizational downsizing event could result to predictable outcomes in terms of having similar issues related to the feelings of betrayal, loss of trust in the management of the company, and experiencing internal conflicts between the corporate management and employees in line with retaining and losing their job. (Strom, 2008) As a result, the lack