Emerging Trends in HRM
The
management has to recognize the important role of Human Resource Department in
order to successfully steer organizations towards profitability. It is
necessary for the management to invest considerable time and amount, to learn
the changing scenario of the HR department in the 21st century. In order to
survive the competition and be in the race, HR department should consciously
update itself with the transformation in HR and be aware of the HR issues
cropping up. With high attrition rates, poaching strategies of competitors,
there is a huge shortage of skilled employees and hence, a company's HR
activities play a vital role in combating this crisis. Suitable HR policies
that would lead to the achievement of the Organization as well as the
individual's goals should be formulated. HR managers have to manage all the
challenges that they would face from recruiting employees, to training them,
and then developing strategies for retaining them and building up an effective
career management system for them. Just taking care of employees would not be
enough; new HR initiatives should also focus on the quality needs,
customer-orientation, productivity and stress, team work and leadership
building.
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