Human resource management is changing in a dramatic way in the 21st century. Employee sick leave, absenteeism and work related accidents cost the New Zealand economy and business close to 5 billion dollars annually Department of Labour, and is a major source of focus for a human resources departments.
A multiple-respondent survey of 69 Indian organizations was undertaken to study the impact of innovative HRM practices on firm performance.
Human Resource professionals are not only charged with the responsibility of protecting the intangible resources of their company but they must also respond to the personal and professional needs of its employees However, we believe that these challenges also create countless opportunities for HR and organizations as a whole Management once viewed the HR function as a more specialized clerical role.
Well, the Indian public sector folks can be divided into three distinct categories - a crowd of picnickers, a group of mourners and an assortment of loners.
The evolution of Human Resource Management has taken the focal point off of the administrative side and gone more towards the operational side of HRM tasks and responsibilities Khan and Mushtaq The problem is one of correct diagnoses of the ailment, though the symptoms of the malady have shown up with sufficient clarity, and, needless to say, the ever eluding prescription for its cure.
This is specifically important in the public sector.