II Jai Sri Gurudeva II

Sri Adichunchanagiri Shikshana Trust ®

SJB Institute of Technology

An Autonomous Institute under Visvesvaraya Technological University, Belagavi
Approved by AICTE, New Delhi, Recognised by UGC, New Delhi with 2(f) and 12(B).
Accredited by NAAC with ‘A+’ Grade, Accredited by National Board of Accreditation
No. 67, BGS Health & Education City Dr. Vishnuvardhan Road, Kengeri, Bengaluru-56060

Department of Management Studies

(MBA)

SUBJECT: HUMAN RESOURCE MANAGEMENT

(22MBA21)
TOPIC:INNOVATIVE HRM PRACTICES IN INDIA AND CURRENT
TRENDS
Presented To: Presented By:
Mr. Bharath T.S Pavan Kumar H.K (1JB22BA060
ASSISTANT PROFESSOR Prajwal S.R (1JB22BA067)
DEPT.OF MBA Rakesh G.L (1JB22BA072)
Shivkumar Gowda(1JB22BA086)
Introduction
Innovative HR practices have redefined the way organizations manage
their most valuable asset: their people. As the business landscape
continues to evolve, these practices have emerged as crucial tools for
attracting, retaining, and developing a skilled and engaged workforce.
By embracing innovation in HR, companies can create a competitive
advantage that drives organizational growth, adaptability, and long-
term success.
INTRODUCTION OF INNOVATIVE HR
PRACTICES
The innovative HR practices involves the implementation of
new and creative approaches to various HR functions, such
as recruitment and selection, performance management,
training and development, employee well-being, and
compensation and benefits. These practices often challenge
traditional HR norms and seek to align HR strategies with
the organization's overall strategic objectives
New Age trends in HR practices
• Remote Work and Flexible Scheduling
• Data-Driven HR Decision Making
• Continuous Performance Management
• Employee Well-Being Programs
• Gamification of Training and Development
• Artificial Intelligence (AI) in Recruitment
• Peer Recognition and Feedback
• Virtual Reality (VR) for Training
• Employee Experience (EX) Design
• Learning and Development Platforms
• Holistic Talent Management
• Employee well-being and mental health
• Employee Recognition and
Rewards
• Technology Adoption
• Employee Engagement
Initiatives
• Transparent Communication
• Workforce Planning and
Succession Management
• Employee experience and
engagement
• Data analytics and HR
technology
 INNOVATIVE HRM PRACTICES IN INDIA( which
are practiced by majority of the organisations)

1. Flexible Work Arrangements

2. Employee Wellness Programs
3. Diversity and Inclusion Initiatives
4. Employee Training and
Development
5. Performance Management
6. Employee Recognition and Rewards
7. Technology Adoption
8. Employee Engagement Initiatives
9. Transparent Communication
10.Workforce Planning and Succession Management
11.Diversity, equity, and inclusion (DE&I)
Ultimately, these innovative HR practices underscore the
transformation of HR from a transactional function to a strategic
partner in organizational growth. By embracing these trends and
tailoring them to the unique needs of their workforce and industry,
companies can position themselves as employers of choice and build a
sustainable foundation for the future. As the landscape of work
continues to evolve, embracing innovation in HR practices will remain
essential for organizations seeking to thrive in an ever-changing world.