Human Resources Management in India: Issues and Initiatives

Human Resources Management (HRM) relates to the formulation of strategies by business entities concerning the selection, training, and rewarding of their personnel. The subject has assumed added significance in the wake of liberalization and globalization trends sweeping across the world. In the face of intense competition unleashed by market-oriented reforms, firms are vying with each other to acquire the competitive advantage to prosper in business and, in many cases, to survive in business. Every possible strategy is being applied to achieve the explicit and implicit objectives of the firm. HRM has emerged as an important ingredient of the policy mix in order to score points over existing and/or potential competitors. This book brings together a collection of papers showcasing the best practices and success stories relating to HRM in Indian organizations. It provides a rich source of information for practitioners and scholars who wish to further their knowledge of HRM practices from an Indian point of view.