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ASSIGNMENT- 1 st

Subject- Industrial Relations

Topic- New Trends in HR

ASSIGNMENT- 1 Subject- Industrial Relations Topic- New Trends in HR Submitted To: Mr. Rohit Markan Submitted

Submitted To:

Mr. Rohit Markan

Submitted By:

Sarabjeet Kaur Roll no. 13 Class. MBA 2nd year (3 rd sem)

Latest trend of HR

HR has to play a vital role in today’s competitive age. Company's who are employee focus are able to retain the staff.

Involvement of employees in decisions, asking for their views, suggestions, keeping a Continuous and close touch with them is kept on priority by many multinationals.

Appreciation and recognisation for their outstanding contribution boost the morale of the employee.

There are many more things apart from this ...

  • 1. GLOBALIZATION OF BUSINESS.

creating a global mind-set within the HR group, creating practices that will be

Consistently applied in different locations/offices while also maintaining the various Local cultures and practices, and communicating a consistent corporate culture across the entire organization.

  • 2. BUSINESS ALIGNMENT

-considering the HR function not as just an administrative service but as a strategic business partner. Companies are involving the human resources department in developing and implementing both business and people strategies.

  • 3. MOBILE CULTURE

Communicate to all locations about a common corporate culture

Allow local cultures to maintain their identity in the context of the corporate culture.

Establish common systems (e.g., accounting, marketing, MIS).

Provide management with education outlining how the company does business.

Create an organizational mission with input from all locations.

Create a written strategy outlining the corporate culture.

4. NEW TECHNOLOGY IMPACT ON SKILLS REQUIREMENTS

Technology-related skills

Skills in identifying new applications of technologies

Skills in developing new technologies, or advancing existing technologies

Skills in identifying technological solutions to problems

Operative/Technical skills Skills in operating new tools or equipment, or applying new methods/processes

Skills in applying new processes or tools to existing work

Skills in installing and maintaining new products, and

Skills in manufacturing new products.

5. BUSINESS INNOVATION DEMAND ON MANAGMENT

Management skills • Skills in identifying which innovation outcomes are appropriate for Commercialization • Skills in knowing when and how to market a new product, tool or process (or other

innovation outcome) successfully

Skills in securing intellectual property rights over innovation outcomes

Skills in setting up efficient manufacturing processes for new products

Skills in negotiating appropriate training provision with education and training providers

6. DEMAND FOR INNOVATION THROUGH TRAINING/DEVELOPMENT:

Building an educated and highly skilled workforce.

Becoming a leader in knowledge creation and innovation.

Developing linkages clusters and networks to become a more integrated and networked local economy.

Fostering high levels of enterprise formation and business growth.

Becoming a globally focused and internationally integrated economy.

Creating a business environment and infrastructure base that facilitates business success.

Co-operative Research Centers

Knowledge and Technology Diffusion

Technology, Research Parks and Precincts

Education

Commercialization

7. IT TECHNOLOGY DEVELOPMENT.

-more systems / more software for the business means different methods of working,

Which affect the working human resources? HRM have to face / meet/ manage the human

Resources to deliver the results.

8.OUTSOURCING OPPORTUNITIES

-the demand for cheaper labor forced the companies to seek more destinations in the Underdeveloped countries. This created an enormous challenge to the HRM to Seek/develop/manage overseas HR.

9.

DEVELOPING

ECONOMIES

GROWTH

RATE

MAJOR

ECONOMIC

REFORMS

 

-the rapid development of underdeveloped countries forced many companies to shift their Production base overseas. This created an enormous challenge to the HRM to Seek/develop/manage overseas HR.

10. RISE IN PER CAPITA INCOME

-the rise in per capita income created more educated human resources.