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.