INTERNATIONAL JOURNAL OF ENGINEERING, SCIENCE AND - Volume 7, Issue 1, January 2018

Pages: 193-200

Date of Publication: 13-Jan-2018

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Strategic HR: Illusion or Reality?

Author: Dr. Avantika Raina

Category: Engineering, Science and Mathematics

Abstract:

The liberalization policy and globalization have hit the Indian economy in a big way. The Industrial sector was one the sectors which have transformed significantly.The increase numbers of private players and arrival of multinationals created the environment of intense competition. Each one wants to be ahead of others using advance technology, cost effective practices and strategic HR policies for managing and maintaining efficient work force.

The current paper aims at describing status of HR in Indian industries, the need to become strategic and the evolution of the concept of strategic HR and its relevance in the current world of work. Secondly, the paper also tries to critically evaluate and analyses the impact of these strategic HR practices on industrial relations over the year, and the challenges that it brought towards the existence of IR in India.

Keywords: ER: Employee Relations HR : Human Resource HRM : Human Resource Management SHRM : Strategic Human Resource Management IR : Industrial Relations TU : Trade Unions