The Role of HRM in Changing Environment
The Role of HRM in Changing Environment
The Role of HRM in Changing Environment
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HR Function Systematic
Model
To
Closed economy
Open economy
- Sellers market
Competitive market
- Medium Technology
High Technology
Stable environment
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Employees
Wipro
43,880
24
TCS
43,681
21
Infosys
31,000
22
HCL Technologies
20,249
22
Satyam
20,000
20
Cognizant
13,000
28
Accenture
11,000
25
Patni
10,299
21
Polaris
5,980
19
i-flex
4,688
20
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X 100
Actual Age
4] Employees for Lease:
The consultancy agencies offer their expert advice and the execution of the advice is left to
the employees of the organization. The employees with their limited knowledge and lack of
executing abilities may fail to convert the know-how into a project. Hence, the consulting
agencies which cannot provide the human resources for implementing the project will also
become obsolete.
Under such circumstances new types of organizations will emerge, which would be called
as employee leasing organizations. There organizations will provide expert advice and
consultancy and further they will also supply human resources for executing their
projects. These organizations employ different kinds of candidates and lease them to
various organizations. These leasing organizations will be principal employers and send
the required number and kind of employees to various organizations on lease basis. They
collect the fees and other charges from various industries and pay the salaries, provide
benefits to the employees. The leasing company will pay complete salary and benefits to
the employees irrespective of the number of days that the employee is sent to various
organizations.
5] Out Sourcing:
Some of the organizations depend on outside agencies for human resource requirements
rather than employing the human resource as its employees. Such agencies are called
body shops. These shops employ the skilled and expert people and provide them to the
companies who need them. There are many advantages of outsourcing like reduction in
the cost of human resources, avoiding difficulties in managing human resources and also
to avoid the ill effects of overstaffing. Many organizations outsource canteen,
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