IT industry in India has adapted and grown over the past few 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 an affordable labor market has created an influx of overseas projects. The outsourcing business model led to many changes within the IT industry which resulted in increase in Indian diaspora. This has led to entrepreneurial growth and slowly the IT Product development industry is evolving. The recent recession left a few bad experiences but the market seems to have recovered.

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 few
CEO 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 an
To visit this blog Click here. affordable labor market has created an influx of overseas
projects.
iPOTT being an end to end
provider of innovative and cost The outsourcing business model led to many changes within
effective 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 IT
enablement and consulting offers Product development industry is evolving. The recent
a unique and unbiased platform recession left a few bad experiences but the market seems to
for software product companies have recovered.
worldwide to reach their target
markets 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?
www.ipott.om How to design Training and Continued Professional
info@ipott.com 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. Clearly, there is a drop in the number of jobs being generated
after recession.
India being an emerging market there is scope for increased
complexity in HR legal compliance due to frequent regulatory
changes, use of technology to perform national and
transnational functions such as e-learning, expat management
or International Human Resource Management, adaptability
to cultural changes due to migrations and growing complexity
in organizational structures due to globalization. Growing
organizations pose challenges in the way jobs are created and
redundancies are made creating need for implementation of
change management initiatives and policies.
HR competencies are more sophisticated as HR practitioners
now 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
consulting
Recent research in Reflexive management practice reveals
that with increase in Collaborations, HR practitioners need
competence mapping both at organizational and personal
level. Failures in Collaborations have been attributed to
several reasons, amongst which failure to build bonds through
leveraging diversity and failure to build organizational political
awareness has been directly linked to HR practitioners. It is
quite obvious that any organization relies on human resources
to reach its objectives and managing this resource or
developing it is core to HR practitioners.

3. In this section we have highlighted the ways in which human
resource management can help in organizational
development.
In the next section of CEO Speak, we will be covering
“Cultural issues challenging globalization and how expat
management has become a necessity nowadays”
Keep in touch!
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