Latest trend of HR In each area of HRM, there is at at least one new contribution everyday.

Some of the recent trends followed in India are: 1. Competency Mapping 2. Six sigma 3. SAP

HR has to play a vital role in todays competitive age. Company's who are employee focus are able to retain the staff. 1.Involvement of employees in decisions, 2. Asking for their views, suggestions, 3. Keeping a continuous and close touch with them are kept on priority by many multinationals. Appreciation and recognization for their outstanding contribution boots the morale of the employee. There are many more things apart from this.. 1.Talent Management 2.Organisational Growth & Strategic Human Resource Management 3.Organisational excellence through Leadership 4.Impact of Mergers & Acquisitions on Human Resources 5.HRD in Cross-Cultural Environment 6.Competency Mapping

7.Building High Performance Culture 8.E- HR 9.Outsourcing Redefining Jobs and Work 10.Work-Life Balance in 24*7 Environment

1. GLOBALIZATION OF BUSINESS. - creating a global mind-set within the HR group, creating practices that will be consistently applied in different locations/offices while also maintaining the various local cultures and practices, and communicating a consistent corporate culture across the entire organization. 2. BUSINESS ALIGNMENT -considering the HR functions not as just an administrative service but as a strategic business partner. Companies are involving the human resources department in developing and implementing both business and people strategies. 3. MOBILE CULTURE - Communicate to all locations about a common corporate culture. - Allow local cultures to maintain their identity in the context of the corporate culture. - Establish common systems (e.g., accounting, marketing, MIS). - Provide management with education outlining how the company does business. - Create an organizational mission with input from all locations. - Create a written strategy outlining the corporate culture.

4.NEW TECHNOLOGY IMPACT ON SKILLS REQUIREMENTS Technology-related skills Skills in identifying new applications of technologies Skills in developing new technologies, or advancing existing technologies Skills in identifying technological solutions to problems Operative/Technical skills Skills in operating new tools or equipment, or applying new methods/processes Skills in applying new processes or tools to existing work Skills in installing and maintaining new products, and Skills in manufacturing new products. 5.BUSINESS INNOVATION DEMAND ON MANAGMENT Management skills Skills in identifying which innovation outcomes are appropriate for commercialization Skills in knowing when and how to market a new product, tool or process (or other innovation outcome) successfully Skills in securing intellectual property rights over innovation outcomes Skills in setting up efficient manufacturing processes for new products Skills in negotiating appropriate training provision with education and training providers

6.DEMAND FOR INNOVATION THROUGH TRAINING/DEVELOPMENT : * Building an educated and highly skilled workforce. *Becoming a leader in knowledge creation and innovation. *Developing linkages clusters and networks to become a more integrated and networked local economy. *Fostering high levels of enterprise formation and business growth. *Becoming a globally focused and internationally integrated economy. *Creating a business environment and infrastructure base that facilitates business success. establishing a culture of innovations THRU Co-operative Research Centres Knowledge and Technology Diffusion Technology, Research Parks and Precincts Education Commercialization 7.IT TECHNOLOGY DEVELOPMENT. -more systems / more software for the business means different methods of working, which affect the working human resources. HRM have to face / meet/ manage the human resources to deliver the results. 8. OUTSOURCING OPPORTUNITIES -the demand for cheaper labor forced the companies to seek more destinations in the underdeveloped countries. This created an enormous challenge to the HRM to seek/develop/manage overseas HR.

9.DEVELOPING ECONOMIES GROWTH RATE -MAJOR ECONOMIC REFORMS -the rapid development of underdeveloped countries forced many companies to shift their production base overseas. This created an enormous challenge to the HRM to seek/develop/manage overseas HR. 10. RISE IN PER CAPITA INCOME - the rise in per capita income created more educated human resources. FOR HRM, IT WAS A CHALLENGE TO MAINTAIN/ MANAGE TALENTS.