INTERNATIONAL JOURNAL OF ENGINEERING, SCIENCE AND - Volume 4, Issue 1 , March 2015

Pages: 72-81

Date of Publication: 01-Mar-2015

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EMERGING SCENARIO IN HRM OF CORPORATE SECTOR

Author: Asst. Prof. NEELAM KAPOOR*

Category: Engineering, Science and Mathematics

Abstract:

Since 1990, viewpoint of management towards its employees, began to change, role & contribution of human resources as a talent pool also become so vital that most of organization started to focus their vision & mission on the people who work for them. The role & responsibilities of human resource management are transforming due to change in govt. policies, unions, labor legislations & technology. Now organizations need to place greater emphasis on attracting human capital rather than financial capital Companies having the ability to foresee the business needs with their workforce needs will gain the decisive competitive advantage. This paper attempts to know the functions performed by HRM in corporate sector, role of HRM in current scenario, future challenges before managers and the emerging HR trends in India.

Keywords: Human Resource Management, Globalization, Liberalization, Organization.