International Journal of Academic Research and Development

International Journal of Academic Research and Development


International Journal of Academic Research and Development
International Journal of Academic Research and Development
Vol. 2, Issue 3 (2017)

Emerging trends in HRM of corporate sector


Chahat Gupta

Human Resource Management is a philosophy, while Human Resource Development includes the activities and processes undertaken to promote the intellectual, moral, psychological, cultural, social and economic development of the individuals in an organization, in order to help them to achieve higher human potential as a resource for the community. It is a continuous process by which the employees are assisted in a planned way to develop capabilities. Since 1990, viewpoint of management towards its employees began to change, role of contribution of human resources as a talent pool also become so vital that most of the organizations started to focus their vision and mission on the people who work for them. The roles & responsibilities of human resource management are transforming due to change in government policies, unions, labor legislations & technology. Now, organizations need to place greater emphasis on attracting human capital rather than the financial capital as Human Resource Management has the responsibility to maximize efficiency & profit but in the emerging scenario, the role of HR manager is changing rapidly. Companies having the ability to foresee the business needs with their workforce needs will gain the decisive competitive advantage. The trends have taken place in the organization, human resource planning, job design, motivation, recruitment, skill development and employee relations. The challenges can be faced by HRM effectively, if proper strategies are implemented. Hence, the role of HRM will be more significant in future due to the emerging scenario. The management of human resources has now assumed strategic importance in the achievement of organizational growth & excellence. This paper attempts to know the functions performed by HRM in Corporate Sector, role of HRM in Current Scenario, future challenges before managers & emerging HR trends in India.
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How to cite this article:
Chahat Gupta. Emerging trends in HRM of corporate sector. International Journal of Academic Research and Development, Volume 2, Issue 3, 2017, Pages 248-252
International Journal of Academic Research and Development International Journal of Academic Research and Development