Hr trends – is it all for good


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Hr trends – is it all for good

  1. 1. 2/2/2012 iPOTT Getting you there… HR TRENDS – Is it all for Good? IT industry in India has adapted and grown over the past fewCEO Speak decades. The country has witnessed changes in regulatory policies and over a period of time adopted these changes into Human Resource Management. The perception of transnational organizations about Indian market as anTo visit this blog Click here. affordable labor market has created an influx of overseas projects.iPOTT being an end to endprovider of innovative and cost The outsourcing business model led to many changes withineffective services in the areas of the IT industry which resulted in increase in Indian diaspora.knowledge management, sales This has led to entrepreneurial growth and slowly the ITenablement and consulting offers Product development industry is evolving. The recenta unique and unbiased platform recession left a few bad experiences but the market seems tofor software product companies have recovered.worldwide to reach their targetmarkets How have all these events impacted Human Resource trends in the current market? Are the needs of people changing with overseas assignments increasing? How are expats managed? How to design Training and Continued Professional Development programs? Pay scales and benefits are increasing, how does a product oriented company survive this growth in demands and expectations? In the initial stages of industrial growth, people believed in full-time employment, but as the industry has evolved so has the nature of jobs. Contractual jobs, temporary jobs and assignments are common. This has led to an increase in pool of resources, and skill abundance. The 2011 census provisional data reveals that literacy rate has gone up from 64.83% in 2001 to 74.04% in 2011 showing an increase of 9.21% in 10 years. This is a clear reflection of changes in the outlook of society towards education and work. However unemployment rate has increased from 8.8% in 2002 to 10.8% in 2010.
  2. 2. Clearly, there is a drop in the number of jobs being generatedafter recession.India being an emerging market there is scope for increasedcomplexity in HR legal compliance due to frequent regulatorychanges, use of technology to perform national andtransnational functions such as e-learning, expat managementor International Human Resource Management, adaptabilityto cultural changes due to migrations and growing complexityin organizational structures due to globalization. Growingorganizations pose challenges in the way jobs are created andredundancies are made creating need for implementation ofchange management initiatives and policies.HR competencies are more sophisticated as HR practitionersnow bridge the growing business need by  creating systems to understand team behavior,  apply business procedures in customer oriented manner,  advocating diversity in values which helps in conflict resolution,  exhibiting leadership skills in risk assessment, staff development and ethical value creation to enable trust  acting as Change agent influencing others with coalition skills and managing change through consultingRecent research in Reflexive management practice revealsthat with increase in Collaborations, HR practitioners needcompetence mapping both at organizational and personallevel. Failures in Collaborations have been attributed toseveral reasons, amongst which failure to build bonds throughleveraging diversity and failure to build organizational politicalawareness has been directly linked to HR practitioners. It isquite obvious that any organization relies on human resourcesto reach its objectives and managing this resource ordeveloping it is core to HR practitioners.
  3. 3. In this section we have highlighted the ways in which humanresource management can help in organizationaldevelopment.In the next section of CEO Speak, we will be covering“Cultural issues challenging globalization and how expatmanagement has become a necessity nowadays”Keep in touch!Click here to go to this blog