24. Employees don’t set aside their values, beliefs, lifestyles, preferences etc. when they come to work.If it is managed properly, there would be better communication, human relations & congenial work culture in the organization.
25. Empowerment of employees In future, the proportion of professional & technical employees will increase as compared to the blue collared employees. They will seek greater degree of participation in goal setting & decision making & also demands greater avenues of self-fulfillment. So, the organizations will have to be redesigned or restructured to empower the employees for their autonomy or freedom to take decisions while performing their jobs. The techniques of empowerment range from participation decision making to the use of self-managed teams.
26. Recent trends in HRM HR professionals can’t ignore these challenges, rather they have to design and execute innovative mechanisms of developing skills & competencies. Some of the recent trends that are being observed are as follows:
27.
28. A company may draw required personnel from outsourcing firms.
29. Outsourcing firms develop their human resource pool by employing people for them and make available personnel to various companies as per their needs.
30.
31.
32. Also known as "multi-rater feedback," "multisource feedback," or "multisource assessment”.
33. Is a feedback that comes from all around an employee.
34.
35. Creating a pipeline of leadership talent is key to a business' future growth.
36.
37. Instant RewardsRecognizing and rewarding performers is one of the most effective tools to attract and retain the right talent. include compensation in both cash and kind. companies are also including work-life balance programmes; competency pay packages, and career opportunities.
40. Seeks to improve the quality of process outputs by identifying and removing the causes of defects and variation in manufacturing and business processes.
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42. E p refers to the policy regarding the retrenchment of the surplus manpower from restructuring of industrial units/ the workers becoming unemployed by the closure of sick units.
43.
44. This can be in the form of cash, equity, and other benefits.
![Introduction ………………….. ,[object Object],As talent occupies centre stage in the workplace, managing and retaining manpower is becoming crucial to an organization’s success. Over the recent years, significant changes have taken place in the social, economic, technological & political envt of business. HR professionals can’t ignore such changes. He has to evolve to become a strategic partner, an employee sponsor or advocate, and a change mentor within the organization. He need to design & execute innovative mechanisms of developing skills & competencies of human resource.](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)