2. Economic
•Global Economy Freedom Index: #80 (1990) to #69 (2005)
•Per capita income and GDP has increased
•Increment in no. of Foreign companies(MNCs)
•International trade and investment has increased
•Privatization, Liberalization and Globalization
INDIAN ENVIRONMENT CHANGES
3. Economic
•Due to globalization, the compensation policies have changed
•There has been hike in wage and salary levels
EFFECTS ON HRM in INDIA
4. Demographic
•The share of younger population has increased
•Overall literacy rate has grown from 52.2%(1991) to 74.1%(2011)
•Female literacy rate has grown from 32.2%(1991) to 65.5%(2011)
INDIAN ENVIRONMENT CHANGES
5. Demographic
•The overall target pool has grown in size
•More no. of educated and skilled labor is available now
•Females have grown and their employability has increased
EFFECTS ON HRM in INDIA
6. Socio-cultural
•Modernization
•Paradigm shift from Joint Family to Nuclear Family
•Technological influence with western culture
•Less superstitious and less orthodox nature of people
•Public has become more aware about the rights
INDIAN ENVIRONMENT CHANGES
10. Overall
Technology’s effects:
•Forecasting of man power requirements
•Ads on job portals
•Filtration of forms(Job Applicants)
•Outsourcing of Recruitment & Selection has been increased over time
INDIAN ENVIRONMENT CHANGES
