A Study on Human Resource Management in the New Economy in India

The entry of MNC’s in India as resulted in the need for updating the HR practices to be on par with global companies across the world. Human Resource Management is central to the thinking and practice of managing in today’s knowledge economy. All the human resource management need to revolve around the creations, sharing and utilization of the available resources which is central for healthy competition in the economy in India. This presentation is to strategically link the practice of HRM to knowledge management in a global environment. The Indian specialists are under a severe pressure to bring the structural changes in their HRM in organization to cope with best competition. The HRM role has become very much important than ever. This is an effort made to analyze human resource management in the new economy. Since the people working in an organization come from different cultural backgrounds managing such people becomes a daunting task for any organization. This presentation is a simple effort on my behalf to understand the various techniques employed by different organizations for handling their human resource. Since HRM plays a critical factor for an organization in order to achieve its socio economic goals