RISING OF NEW ISSUES AND TRENDS IN HUMAN RESOURCE MANAGEMENT & DEVELOPMENT

Abstract

The management of Human Resources has now assumed strategic importance in the achievement of organizational growth and excellence. As globalization advances and we move into the information age, organizations need to adapt to the changes in technology and the changing issues in management of people. Today, competitive advantage is based on the successful application of knowledge. Managing people, as an HRM function, has broadened, to include managing organizational capabilities, relationships, learning and knowledge. These functions include four generic areas, i.e., (i) Roles, (ii) Relationships, (iii) Strategic focus, (iv) Learning focus. These areas are different from each of the economy functions, like traditional, transitional and knowledge. An attempt has been made in this paper to point out the experiences on the emerging issues and trends in managing human resources and related to their development. ---- www.studymode.com