A STUDY ON TALENT MANAGEMENT AND ITS IMPACT ON EMPLOYEE RETENTION IN SELECTED...
Innovative Changes In Human Resource Management
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2. Role of HR in today’s date:
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HR Capital Steward: HR acts as guide and facilitator in partnership to bring the people &
organizations together to work for a particular goal.
Knowledge Facilitator: Facilitates both knowledge capital and knowledge flows.
Relationship Builder: Manages relationship between individuals and groups both internal and
external to the organization to enhance the social capital across the value chain.
Rapid Deployment Specialist: Takes responsibility for the development of flexible human
capital resources with an emphasis on adaptability, tolerance and capacity to learn.
Innovative Changes in Human Resource Management, By: Ashish Kumar, MBA – A (Final), Gitam Institute of Management, Visakhapatnam
3. Role of HR in today’s date (Contd):
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Reduce Absenteeism
Motivate the Staff
Role of
Team work
HRM
Recruitment & Selection
Giving Training
Innovative Changes in Human Resource Management, By: Ashish Kumar, MBA – A (Final), Gitam Institute of Management, Visakhapatnam
4. Recent Innovations:
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Six Sigma Practices
Human Resource Outsourcing
Content Retention Strategy
Title
Quality Management
Attrition
The Hothouse Effect
Innovative Changes in Human Resource Management, By: Ashish Kumar, MBA – A (Final), Gitam Institute of Management, Visakhapatnam
5. Six Sigma Practices:
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It uses rigorous analytical
tools.
It is followed leadership from
the top.
Develops a method for
sustainable improvement.
These practices improve
organizational values.
Helps in creating defect free
product.
Help in cutting the cost.
Innovative Changes in Human Resource Management, By: Ashish Kumar, MBA – A (Final), Gitam Institute of Management, Visakhapatnam
6. Human Resource Outsourcing:
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A new accession.
Helps in maintaining the work
force.
Works on a contract basis.
Innovative Changes in Human Resource Management, By: Ashish Kumar, MBA – A (Final), Gitam Institute of Management, Visakhapatnam
7. Retention Strategy:
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Employee is an asset to a company.
Company invests lots of money on
each employee.
In the time of recession retaining an
employee will cost company over the
profits.
Innovative Changes in Human Resource Management, By: Ashish Kumar, MBA – A (Final), Gitam Institute of Management, Visakhapatnam
8. Quality Management:
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The recent quality management standards
ISO 9001 and ISO 9004 focus more on
people centric organizations.
Organizations are started focusing on
quality management training.
Top management has to be prepared to
address people centered issues.
Innovative Changes in Human Resource Management, By: Ashish Kumar, MBA – A (Final), Gitam Institute of Management, Visakhapatnam
9. Attrition:
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This method is widely used to reduce the
effect of recession.
It’s one of the method used by the
companies to cut the operating cost.
With this method companies get more
amount of work from the same
compensation.
This issue can be seen mostly in the
BPO sector.
Innovative Changes in Human Resource Management, By: Ashish Kumar, MBA – A (Final), Gitam Institute of Management, Visakhapatnam
10. The Hothouse Effect:
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HRM’s role in “Managing Creativity”
5 criteria that define a hothouse:
1) Sustain high level of innovative
creativity for a significant period of
time
2) Draw on the knowledge and
innovations of the broader cultural
zone to which they belong
3) Spawn geniuses whose achievements
climax the work of other practitioners
at all levels
4) Establish a new way of doing things
5) Achieve recognition and establish a
lasting legacy
Innovative Changes in Human Resource Management, By: Ashish Kumar, MBA – A (Final), Gitam Institute of Management, Visakhapatnam
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Contact:
ashish.kr2066@gmail.com
ashish_cool2066@yahoo.co.in
Innovative Changes in Human Resource Management, By: Ashish Kumar, MBA – A (Final), Gitam Institute of Management, Visakhapatnam