hrm term project, manufacturing industry

Term Project #1

Analysis of Effects of trends on HRM in Indian Market

(Manufacturing Industry)

Economic

•Global Economy Freedom Index: #80 (1990) to #69 (2005)

•Per capita income and GDP has increased

•Increment in no. of Foreign companies(MNCs)

•International trade and investment has increased

•Privatization, Liberalization and Globalization

INDIAN ENVIRONMENT CHANGES

Economic

•Due to globalization, the compensation policies have changed

•There has been hike in wage and salary levels

EFFECTS ON HRM in INDIA

Demographic

•The share of younger population has increased

•Overall literacy rate has grown from 52.2%(1991) to 74.1%(2011)

•Female literacy rate has grown from 32.2%(1991) to 65.5%(2011)


Demographic

•The overall target pool has grown in size

•More no. of educated and skilled labor is available now

•Females have grown and their employability has increased


Socio-cultural

•Modernization

•Paradigm shift from Joint Family to Nuclear Family

•Technological influence with western culture

•Less superstitious and less orthodox nature of people

•Public has become more aware about the rights


Socio-cultural

•Dynamic jobs are preferred over monotonous jobs

•sdfsd


Employment/Legal


•Paradigm shi

Employment/Legal

•Paradigm shi


OverallTechnology’s effects:

•Forecasting of man power requirements•Ads on job portals•Filtration of forms(Job Applicants)•Outsourcing of Recruitment & Selection has been increased over time


THANK YOU

hrm term project, manufacturing industry

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