29-09-2012, 10:35 AM
EMERGING TRENDS OF HUMAN RESOURCE MANAGEMENT (WITH SPECIAL FOCUS ON INFORMATION TECHNOLOGY INDUSTRY)
EMERGING TRENDS.pdf (Size: 170.35 KB / Downloads: 88)
ABSTRACT
Human resource is a relatively modern management term having been coined in the
1960s. The origins of the function arose in those organizations which introduced
'welfare management' practices and also in those that adopted the principles of
'scientific management.
Since 1990 due to liberalized government policies, Indian scenario began to change.
Human resource became one of crucial driver for development and change. As the
viewpoint of management towards its employees began to change, role and
contribution of human resource as a talent pool also become so vital that most of the
organizations started to focus their vision and mission statements on the people who
work for them.
With the boom in the technology sector in 2000, newer and newer ways of attracting,
recruiting and managing tenant in the companies also started to emerge. This paper
tries to identify various trends which came into existence as a result of technology
revolution in the country and make a comparison between pre and post liberalization
HR trends in IT industry.
HUMAN RESOURCE MANAGEMENT TRENDS
In organizations, it is important to determine both current and future organizational
requirements for both core employees and the contingent workforce in terms of their
skills/technical abilities, competencies, flexibility etc. The analysis requires
consideration of the internal and external factors that can have an effect on the
resourcing, development, motivation and retention of employees and other workers.
The external factors are those largely out-with the control of the organization and
include issues such as the economic climate, current and future trends of the labor
market e.g. skills, education level, government investment into industries etc.
HR TRENDS IN PRE-LIBERALIZATION PHASE
In 1990 due to liberalized government policies of various countries the human resource
started floating from one country to another this led to diversification of workforce and
cross culture took place as a result employees from one nation migrating to another
nation and bringing their culture with them this led to mixed organization culture so
the HR professional has to play major role in coordinating the workforce of different
culture in an organization.
Evolution of Personnel management started in 19th century at that time there was a
boom in industrialization which leads to increase in franchising and influence of trade
unions and harshness of industrial condition called for the better of industrial
condition. Second World War increased the importance of having personnel
department because of producing large war materials the ministry of labor and
national services insisted to combine both personnel department and welfare officer
work on a full time basis.
HR TRENDS IN POST-LIBERALIZATION PHASE
Corporate India has come a long way since Independence. Today Indian companies
have spread themselves across the globe and are moving to a borderless world.
Similarly post liberalization and globalization a large population of Indians have
become a part of the multinational and foreign units. In short, the Indian workforce
and the industrial climate are both continuously changing. Thus at this juncture it is
very vital to understand the changing trends of the most valuable asset of an
organization – Its people. There is constant need to develop capabilities.
EMERGING HR TREND IN INDIA
A look at the trends in managing people in this dynamic industry reflects that
Attracting, Managing, Nurturing talent and Retaining people has emerged to be the
single most critical issue in lieu of the enormous opportunities spun off by the market.
The new avatar of talent is the knowledge professional who is innovative, business
savvy, quick on the uptake, has an instinctive ability to network, and possessing
unbridled ambition. They are propelled by an urge to experiment, scan new avenues
that can spur their creativity. The knowledge professional will gravitate to an
organization that is flexible, has strong values, a robust performance ethic and provides
challenging work on latest technology. This has led to companies proactively taking
measures on three fronts. First, companies create an organizational ambience where
talent can bloom. Second, they put in place systems that help unleash their potential
and third, they build a reward and recognition mechanism that provides value for
people.
HR TREND IN INFORMATION TECHNOLOGY INDUSTRY
Technology constantly generates unexpected consequence. The simple ability to send
information anywhere immediately, at minimal cost has so many ramifications. The
most obvious of the effects being in the reach and speed of dissemination of
information. The Human Resource trend in Information technology is discussed in this
study.
Three significant growth trends in Corporate India are now pushing Hr Manger to look
towards technology for solution. First – an explosion in CEO – Level searches and hires
by Indian companies. People like Director of Tata Sons’ Alan Rosting, Ranbaxy CEO
Brian Tempest, and Managing Directors of Indian Hotels Raymond Bickson are
familiar examples. Second, many companies are searching for middle and entry-level
talent. Tata Consultancy plans to hire 800 people in the US this year, mostly off
campuses. Third, Indian companies are inheriting a large number of employees
through global acquisitions. For example, Tata Motors gained 1,000 global workers
through acquisition in Korea and Spain. And Dr.Reddy added 340 workers through a
Mexican acquisition in November.
CONCLUSION
Human resource Management will be the key area of focus in 21st century as in
companies and government organization put in place strategies to cope up with the
economical crisis and recovery. The so called “war for talent” is on the backburner as
the focus shifts to hiring freezes, benefits and compensation cost management, and
workforce reduction in the hardest- hit segment and as the the era of skill-based
workers has arrived but if India wants to truly move to the global arena, it has to
spruce up its workforce. Small may be beautiful, but not in the IT industry. In the
knowledge era and a skill-based economy, it has become imperative that human
resources become one of the most essential ingredients of success. The growth of IT
companies worldwide depends on its people and the intellectual capital it possesses.