Recent Trends in Hrm

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CONTEMPORARY ISSUE ON SEMINAR

A STUDY ON

“Recent trends in human resource management”

Session: 2009–11

Presented at
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Submitted By: - Submitted To:-

Bhawana Soni Mr. Rajat Mendiratta

MBA II Sem.

Acknowledgement

The beatitude, bliss & euphoria that accompany successful completion any task would not be completed without the expression of appreciation of simple virtues to the people who made it possible.

So, I take my immense pleasure in expressing a whole hearted thanks to all the faculty members who guided me all the way making this project successful.

It is my privilege to express a deep sense of gratitude and thanks to Mr. RAJAT MENDIRATTA for providing us various information directly related to project.

I am also thankful to Mrs. NEHA SHARMA for her guidance & cooperation in this work.

I extend my gratitude and thankfulness to Apex Institute of Management & Science.

Date:Submitted By:

Bhawana Soni

Place:Jaipur

Preface

The underlying aim of the seminar on contemporary issue as an integral part of MBA program is to provide the students with practical aspects of the organization – working environment.

Such type of presentation helps a student to visualize and realize about the congruencies between the theoretical learning in the premises of college and actual followed by the organization. It gives the knowledge of application aspect of the theories learnt in the classroom.

The seminar project in “Recent trends in human resource management” is a complete experience in itself, which provide me with the understanding. This has become as inspirable of my knowledge of management being learned in MBA program.

Quotes 2010

Following are some quotes[1] by leaders of INDIA INC., which shows the importance and need of HRM that they felt during the period of recession.

“We linked hikes to performance” - Vikram Bakshi, MD, MacDonald’s India

“For the first time, we have an HR professional on the Board of Directors. Today, every organization recognizes the role of a CFO in managing money, but there is another important function which is HR, for managing people”- Chanda Kochhar, MD and CEO, ICICI Bank Ltd.

“I met all, 100% of our employees” – Vineet Nayar, CEO, HCL Technologies.

“Invest in Leaders, even at premium” – Akhil Gupta, MD, Blackstone Advisors

“Cement relationships with your employees”-Kiran Karnik, Ex-President, NASSCOM

“You have to be visible as a leader”- L. Brooks, CEO, Goldman Sachs India

“Keep Employees abreast of all happenings”- Onkar S. Kanwar, CEO, Apollo Tyres

“Tough times don’t last, tough people do” – K. M. Birla, Chairman, ABG

“The first deliberate call we took is not to lay off anybody. We decided to reskill all surplus workers”- Arun Bharat, CEO, SRF Ltd.

Table of Contents

Quotes- 2010…………………………………………………………….1

INTRODUCTION………………………………………………………3

New Trends in International HRM ……………………………………..5

Human Resource Management in India…………………………………7

Top 10 Human Resource Practices- Post Recession…………………...10

Top 10 Trends in Employee Management……………………………..14

Top 10 Work Force Trends…………………………………….............19

Demographics and changing nature of work…………………………..20

Future of Employment Relations………………………………............26

New Trend of Upgrading Talent……………………………………….29

Changes in Technology………………………………………………...33

CONCLUSION………………………………………………………...36

References……………………………………………………………...37

INTRODUCTION

H
uman resource management is a process of bringing people and organizations together so that the goals of each other are met. The role of HR...
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