1. EMERGING TRENDS OF HUMAN
RESOURCE WITH SPECIAL FOCUS
ON “IT” INDUSTRY
Submitted By:
Debashish Mishra-11202202
Saurabh Singh-11202216
Pragnya Pattnaik-11202217
Ashirbad Kundu-11202235
Tripti Kumari-11202258
2. What is Human Resource Management?
Human Resource Management (HRM) is the function
within an organization that focuses on recruitment
of, management of, and providing direction for the
people who work in the organization
It is also a strategic and comprehensive approach to
managing people and the workplace culture and
environment.
3. Areas of Implementation
Recruitment & Selection
Organizational design & development
Business transformation & change management
Performance, conduct & behavior management
Industrial & employee relation
Human resource(or workforce) analysis and the management of workforce personal
data
Compensation, rewards & benefits management
Training & development(learning management)
4. Human Resource Management Trends
Demographics
Characteristic of population/workforce
Diversity
Refers to variation within population/workforce
Skills and qualifications
Refers to individual skills of professionals.
5. HR trends in Pre-Liberalization Phase
Liberalized government policies led to diversification
of workforce and cross culture took place.
HR trends in Post-Liberalization
Phase
Large population of India became a part of
multinational and foreign units.
6. Emerging HR trends in India
Highly skilled and knowledge based jobs are
increasing while low skilled jobs are
decreasing.
Indian organizations are also witnessing a
change in systems, management cultures
and philosophy due to the global alignment
of Indian organizations.
There is a need for multi skill development.
7. HR trend in Information Technology
Industry
Level searches and hires by
Indian companies.
Many companies are searching for
middle and entry-level talent.
Indian companies are inheriting a
large number of employees
through global acquisition.
8. FINDINGS AND DISCUSSIONS
According to industry estimates majority of demand for manpower
would be in the area of IT – enabled services.
The Indian IT services industry was expected to focus more on
strengthening the middle management cadre.
During the recovery period many companies have adopted various
advanced technologies in their work like human analysis, human capital
management, early warning systems and others.
Salary trend also shows that along with abundant growth opportunities,
IT sector is one of the highest paying sectors.
9. FINDINGS AND DISCUSSIONS(Contd.)
Emerging concept of 4 R’s among HR Managers
Recruiting Retaining Retraining Restructuring
Signing bonus Retention bonus Job rotation Broad job
description
Finders fee Project pay Team Flexible
compensation
Alumni Reduce FTE Assignments Programs
Connections Pay Skill inventories Flexible jobs
Non-techs Telecommuting Competency Positive problem
solving spirit
Students Externs Development
Interns Job sharing Certification
10. FINDINGS AND DISCUSSIONS(Contd.)
No. of Engineering graduates and IT professionals
hired
600000
500000
400000
Engineering Graduates
300000 IT Professionals
Column1
200000
100000
0
11. FINDINGS AND DISCUSSIONS(Contd.)
Pankaj Shankar, Global Head(HR),Infogain Corporation says, "Apart from talent
acquisition and retention leadership development, aligning and integrating
people's performance with business goals and management of intellectual capital
would also require attention of HR managers in the coming years.”
IBM researchers have developed a skills planning model for optimal allocation of
skills to minimize the impact of disaster at any one site.
HCL Technologies oriented itself by focusing on communications to keep
employees in-the-know and maintain transparency.
12. CONCLUSION
Human resource management will be the key area of focus in 21st
century as companies and government organization put in place
strategies to cope up with the economical crises and recovery.
Human resource become one of the most essential ingredients of
success in the knowledge era and a skilled-based economy.
HR managers have to take care of many things in mind while dealing
with the number of people working in the organization.
13. CONCLUSION(CONTD..)
Emerging HR trends of IT industry cannot be managed properly by the
old traditional HR techniques.
The IT industry has been devising newer personnel management/HR
techniques which specifically meet needs of IT industry.
It can be concluded that Emerging HR trends of Indian IT industry are
quite different from the old economy industry.
HR managers in Indian IT industry must keep the sensitive nature of IT
professionals and state of greater opportunites outside in mind for
devising HR policies for their organizations.