Challenges of Contemporary Human Resource Management Practices in Indian Industries

CHALLENGES OF CONTEMPORARY HUMAN RESOURCE MANAGEMENT PRACTICES IN INDIAN INDUSTRIES

Management in all types of organization has to deal with a variety of resources. Of all the resources, the human assets are probably the most critical and difficult to manage. The effective use of all other resources directly depends on efficient utilization of human resources. All major activities in the working life of a worker from the time of his/her entry into an organization until he/she leaves will come under the purview of HRM. With the passage of time HR mangers have started speaking the language of business. HR job is highly coveted one and so are the HR practices that are becoming highly visible in the organization. Its significance does lie not only in the observable practice of its functions, but also contributing to the highest level of managerial policy. The rise of contemporary human resource management is more than just a change in terminology from personnel management to human resource management. A central feature of contemporary human resource management is the idea of engaging the commitment of employees with the goals of the organization. This means that human resource management is not just about administering people but also about shaping the culture of the organization.

INFLUENCE OF TECHNOLOGY AND BUSINESS ORIENTATION: THE NEW CONTEXT

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