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Published in:
2020 | OriginalPaper | Chapter
10. Human Resource Management
Author : Vasant Chintaman Joshi
Published in: Digital Finance, Bits and Bytes
Publisher: Springer Nature Singapore
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Abstract
On the one hand, HR will have to give up its out dated practices for calling for applications, interviews etc. They have per force to shift their entire focus on using of technology to facilitate the routine functions.
At another level, they have to meet the aspirations of the new entrants not merely in terms of salary but also in areas like work life balance and their aggressive career expectations. HR will also have to encourage group working and through it facilitate quicker promotions. The old hire to retire policy will have to go out of the window.
Far more serious is the problem of termination of services of low skilled employees. How to continue some of their “benefits” is going to be the major problems. The problem could be acute in case of middle-aged staff.
HR functionaries are going to be stretched to the hilt.