Innovative Hr Practices
SHIKHA MEHTA
INNOVATIVE HR PRACTICES ABSTRACT
In this era of cut throat competition , a constant injection of new ideas keeps a company progressive and gives them an edge in the marketplace, especially in today’s global marketplace. It is only the innovations that provide company opportunities to gain competitive advantage over its competitors. As globalization advances and we move into the information age, organizations need to adapt to the changes in technology and the changing issues in management of people so successful innovation must be a ready weapon in every Company’s arsenal. In order to survive the competition and be in the race, HR department should consciously update itself with the transformation in HR and be aware of the HR issues cropping up. This article focus on innovative HR practices that can used as building blocks of the HR Departments to ensure sustainable growth by attracting and retaining the people in the organisation.
INTRODUCTION:
The management of Human Resources has now assumed strategic importance in the achievement of organizational growth and excellence. Organizations of 21st century can not expect to be successful without an understanding and response to changes. In this competitive world these employees require HR practices and system that are well conceived and implemented to ensure high performance and continued success.
Some of the new practices in the field of HRM are:
1. Virtual HRM
2. Moon lighting by employees: Blue Moon to full moon
3. Golden Hand cuffs
4. Golden Handshake
5. Employee’s Proxy
6. HR Branding
7. HR Data Marts
8. HR Outsourcing
9. Employee Leasing
10. HR Web Based Applications/E-Hrm
11. HR Optimization
12. Employee Engagement
13. Work Life Balance
1 VIRTUAL HRM:
The virtual organisation is a social network consists of individuals working cut of physically dispersed workspaces, or even individuals working from mobile devices and
INNOVATIVE HR PRACTICES ABSTRACT
In this era of cut throat competition , a constant injection of new ideas keeps a company progressive and gives them an edge in the marketplace, especially in today’s global marketplace. It is only the innovations that provide company opportunities to gain competitive advantage over its competitors. As globalization advances and we move into the information age, organizations need to adapt to the changes in technology and the changing issues in management of people so successful innovation must be a ready weapon in every Company’s arsenal. In order to survive the competition and be in the race, HR department should consciously update itself with the transformation in HR and be aware of the HR issues cropping up. This article focus on innovative HR practices that can used as building blocks of the HR Departments to ensure sustainable growth by attracting and retaining the people in the organisation.
INTRODUCTION:
The management of Human Resources has now assumed strategic importance in the achievement of organizational growth and excellence. Organizations of 21st century can not expect to be successful without an understanding and response to changes. In this competitive world these employees require HR practices and system that are well conceived and implemented to ensure high performance and continued success.
Some of the new practices in the field of HRM are:
1. Virtual HRM
2. Moon lighting by employees: Blue Moon to full moon
3. Golden Hand cuffs
4. Golden Handshake
5. Employee’s Proxy
6. HR Branding
7. HR Data Marts
8. HR Outsourcing
9. Employee Leasing
10. HR Web Based Applications/E-Hrm
11. HR Optimization
12. Employee Engagement
13. Work Life Balance
1 VIRTUAL HRM:
The virtual organisation is a social network consists of individuals working cut of physically dispersed workspaces, or even individuals working from mobile devices and
Bibliography: Rao,P.Subbo(2007),Recent Techniques in HRM ,Essentials of Industrial relations and Human Resource Management pp 718-719. Rao,P.Subbo(2007),Recent Techniques in HRM ,Essentials of Industrial relations and Human Resource Management pp 698-700. Patanayak, Biswajeet (2009), Virtual organisation and Emerging HR Trend, Human Resource Management ,Third Edition ,pp 347-350.