Changing Paradigm of Hrm-some Cases in Manufacturng Sector

Abstract

The world economy has undergone a significant change. India is no exception to it. As a sequel to globalization, in order to cope with the complexities and challenges in different parts of the world, the industries of our country have resorted to various innovative strategies in different areas including the functional aspects of HRM. The changes in business environment both in context as well as content dimensions have brought new challenges for the HR professionals. The effective utilization of humanresources, their sustainability, imparting needbased suitable training, value addition to the organization, assessing in terms of human capital, visionary and strategic deployment of a highly committed, competent and capable workforce; have become challenges in the field of HR. Further, it is the human resource among all the factors of production, which activates in attaining effectiveness of organizations in a different way, has to be treated with great care.

The paper addresses to the challenging functional  dimensions in HR and suggests for integrated array of cultural, structural and personnel approach for achieving organizational success in long run.Strategic management decisions for merger and acquisitions; investment in new locations; expansion of existing sites; disinvestments; closure of existing sites;divestments; launch of joint ventures; are being taken. However, in attaining such vision, mission, and the organizational goal; HR managers have to play an imperative role. Managing organizational culture is a complex venture. In order to attain organizational success in terms of attaining improved effectiveness, to gain the commitment of employees to the value of quality, service, customer sovereignty, which get translated into bottom line success; HRM strategy has to be linked with corporate strategy. Acting as transformational leaders, catalysts; for percolation of ideas, imaginations and visionary approaches; HR professional have to go beyond the traditional boundaries of their functions and to work as an organizational architect. In this paper, literature has been reviewed and how other functional aspects influence the HR functions is reflected. Someof the manufacturing sector industries have been studied. Besides, the impact of various factors on HR at different levels has also been discussed.