This document outlines several key HR challenges faced in the IT industry, including forecasting workforce needs and required skills, planning effective recruitment strategies, managing performance, providing suitable training and development opportunities, offering competitive compensation packages, and reducing attrition through retention strategies. Performance management can be improved by creating a performance culture and opportunities for growth like job rotation and promotions. Training should equip employees to handle future challenges. Non-monetary benefits like ESOPs can also help with retention.

1. HR challenges in IT industry
Sooraj.R

2. Challenges
Forecasting
Recruitment planning
Performance management
Training and development
Compensation management
Attrition and Retention

3. Forecasting
• To anticipate the no of employee and their
specific skill requirements.
• Required quantity of people with the required
skills at the required time.

4. Recruitment planning
• Identifying the right candidate suitable to the
job in hand has become a challenge to the HR
staff.
• Many stages of tests, interviews and group
discussions assist in appointing the ideal
candidates.

5. Performance management
• The challenge should be to create a
performance culture.
• To provide opportunities for enhancing
performance.
• Personal growth through job rotation and
promotions.

6. Training and development
• A suitable strategy to meet the immediate
requirements and futuristic needs.
• To be well equipped to handle the challenges
in advance.

7. Compensation management
• Offer best possible compensation package.
• ESOP with the compensation package.

8. Attrition and Retention
• Money is not the single factor that attracts an
employee.
• New benefits which coax the employees to
remain within the organization producing
excellent performance.